Types of Business Activities

Amul business model is ......

• Corporate

• Cooperative

• Hybrid

• Partnership

What kind of business ownership is described below:

1. 1. Do not have physical form

2. 2. Provide professional skills, advice or similar

• Service

• Merchandising

• Manufacturing

• Hybrid

Which type of business model is characterized by:

1. 1. Ownership shared among members

2. 2. Focus on mutual benefits

3. 3. Non profit and receives tax exemption

• Franchise

• Cooperative

• Corporation

• Sole Proprietorship

Which of the following best describes a sole proprietorship?

• Owned by multiple individuals

• Owned by a single individual

• Limited to specific industries

• Requires formal registration

Which of the following is a characteristic of a hybrid business model?

• Combines elements of different business types

• Exclusively focuses on one industry

• Requires a large initial investment

• Operates solely online

Which statement is true for a corporate business structure?

• Creditors can claim Owner's assets in case of debts

• Business seize to exist after the owner's demise

• Ownership is transferrable

• Owners set the policy and vision for the corporation

Ravi runs a small food stall at the local market, where he serves snacks and beverages. His cousin helps him manage the stall during busy hours. He is ....

• Businessman

• Entrepreneur

• Employee

• Co-owner with cousin

• Yes

• No

She is ...

• An entrepreneur

• Not an entrepreneur

Is she an entrepreneur?

• Yes

• No