Description could include

manufacturing—buys products with the intention of using them as materials in making a new product; combines raw materials, labor, and factory overhead in its production process. Manufactured goods are sold to customers.
merchandising—buys products at wholesale price and sells the same at retail price; sells a product without changing its form. Examples include grocery stores, convenience stores, distributors, and other resellers.
service—provides intangible products. Examples include repair shops, banks, accounting firms, and law firms.
hybrid—classified in more than one type of business. These businesses may be classified according to their major business interest. For example, a restaurant combines ingredients in making a fine meal (manufacturing), sells a cold bottle of refreshment (merchandising), and fills customer orders (service).

Process/Skill Questions:

What is the relationship among the types of businesses?
What are examples from the local community of each type of business?
Is one type of business more important than the others? Explain.
What trends are occurring in the implementation of new businesses?
How do manufacturing entrepreneurs make money?
Is manufacturing still a viable path for an entrepreneur in the United States? Explain.
What are examples of manufacturers?
What factors might an entrepreneur consider when deciding whether to offer a good, a service, or a combination of goods and services?
What are examples of businesses that provide services?
How does an entrepreneur know that they have a hybrid business?
What are examples of hybrid businesses?
Why type of business is a company that provides cloud storage: a product or service?

Teacher Resources: