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Types of Businesses

Available to Entrepreneurs
Micro Enterprise
• asset size not exceeding to P50,000
• Home-based enterprise
• 1-10 employees
• Examples are vending food like taho, puto,
fishballs; those selling in the public market,
sari-sari store or rolling stores
Cottage Enterprise
• asset size is 250,000 – 500,000
• Home-based enterprise
• Examples are subcontractors of footwear like
shoes and slippers; food manufacturers of
peanut butter/coco jam or pastillas as well as
decorative products like vases, candies and
lanterns
Small Enterprise
• asset size is 250,000 – 2.5 million
• 10-20 people
• Examples are groceries, bakeshops, beauty
salons, medical/dental clinics, toy makers,
jeep manufacturers, travel/tour agencies
Medium Enterprise
• asset size is 5 million – 20 million
• 100+ workers who are skilled and possess
technical expertise
• Examples are fine dining restaurants with
branches, computer-importer dealers,
garment manufacturers, human resource
providers and private educational institutions
Large Enterprise
• asset size is 20 million+
• owned and managed by a corporation
• Board of Directors + Chief Operating Officer
• Examples are big fastfood chains, large
department stores, big bookstores, family-
owned commercial banks and insurance
companies
Forms of
Business
Ownership
Single Proprietorship
1 Owned and usually managed by
one person. They register with
the Department of Trade and
Industry (DTI).
Partnership
Association of two or more persons
who acts as co-owners of
2 business. Each partner contributes
money, property or service to the
business. They register with
Securities and Exchange
Commission.
Corporation
Is an artificial being created by
operation of law, having the right
3 of succession, and the powers,
attributes and properties expressly
authorized by or incident of its
existence. They register with the
Securities and Exchange
Commission.
Cooperative
Is a duly registered association of
persons, with a common bond of interest,
who have voluntarily joined together to
achieve a lawful common social or
4 economic end, making equitable
contribution to the capital required, and
accepting fair share of the risks and
benefits of the undertaking in accordance
with the universally accepted principles
of the cooperatives. The register with the
Cooperative Development Authority.
Types of
Business
According to
Industry
Classification
1. Agriculture, Forestry and
Fishing
2. Mining and Quarrying
3. Manufacturing


4. Electricity, Gas, Steam and Air-
Conditioning Supply
5. Water Supply, Sewerage, Waste
Management and Remediation
Activities
6. Construction
7. Whoelsale and Retail; Repair of
Motor Vehicles and Motorcycles
8. Transportation and Storage

“ 9. Accomodation and Food Service


Activities
10.Information and
Communication
11. Real Estate Activities
12.Professional, Scientific and
Technical Activities
13. Administrative and Support
Service Activities

“ 14. Arts, entertainment and


Recreation
15. Public Administration and
Defense; Compulsary Social
Security
16.Education
17. Human Health and Social Work

“ Activities
18. Other Service Activities
ASSIGNMENT:
In your community, search for 1
sample business for each industry
type. Identify whether each
business is a single proprietorship,
partnership, corporation or
💃 cooperative.
🏃

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