Which of the following best represents the three types of business organizations today? a. Financial, sales, and product creation b. Services, marketing intermediaries, and manufacturing c. Service, sales, and manufacturing d. Purchasing, advertising, and manufacturing

Services - Service companies sell intangible goods otherwise known as services to people who will derive value from them. As such they are highly focused on customer satisfaction which leads to them employing individuals with the knowledge and experience to provide services. Examples include; Accounting firms, law firms, etc

Marketing Intermediaries - These are the middle men in the market. The facilitate the flow of goods from the producer/ supplier to the end user. They include: agent, wholesalers, retailers, financial institutions etc.

Manufacturing - Manufacturing businesses are those who produce the goods that we use today. They are most probably the biggest and most valuable of the 3 types as they comprise of all goods manufactured in the market including technology, commodities, construction, automobiles and the like.

PhantomWisdom PhantomWisdom · Answer 2 · 2022-01-21T12:56:20+01:00

b. Services, marketing intermediaries, and manufacturing

A business organization is a legal entity whose purpose is to carry on a commercial activity by supplying goods or services to clients.

Marketing intermediaries (also known as Distribution intermediaries) are one or more firms or persons who operate as a connection in the distribution of products between manufacturers and customers.

b. Services, marketing intermediaries, and manufacturing represents the three types of business organizations today

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