Pick a business that you know of (can be a small business in your neighborhood or a large corporation that makes a product you bought in the past), do a little research about it, and answer the following: Describe the goods or services the business sells and where it does business. What kind of model is this company using? (remember, a company could use more than one model; use the models described in the introduction above). What type of business is this (sole proprietorship, partnership, or corporation)? How did you find out? Describe how you researched information about this company.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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Pick a business that you know of (can be a small business in your neighborhood or a large corporation that makes a product you bought in the past), do a little research about it, and answer the following:

Describe the goods or services the business sells and where it does business.

What kind of model is this company using? (remember, a company could use more than one model; use the models described in the introduction above).

What type of business is this (sole proprietorship, partnership, or corporation)?

How did you find out? Describe how you researched information about this company.

 

 

Expert Solution
Step 1

Selection of business house:
In given situation, i have picked the large corporation name ''apple '' because few months back i have brought a mobile phone of apple from our nearest store. Apple Store is a chain of retail store owned and operated by Apple inc. now here we are going to discuss the business model and other business type along their product and services.

1) Describe the goods or services the business sells and where it does business.

The apple stores sell various Apple products like- 

  • Mac personal computers
  • iPhone smart phones
  • iPad tablet computers
  • iPod portable media players
  • Apple Watch smart watches
  • Apple TV
  • digital media players etc

Apple store is located in all over the world, apple store is retail chain store operated by apple Inc. Many Apple Stores are located inside shopping malls, but Apple has built several stand-alone flagship stores in high-profile locations. In August 2015, Apple start the online storefront.

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