Better Business, 5/e

Objective 1-3 Types of Businesses

1. Describe the four types of businesses.

In 1964, Grahame Wood opened a convenience store in Folsom, Pennsylvania. The business’s focus was on providing fresh dairy products and produce and a full-service delicatessen. This marked the beginning of the Wawa chain of convenience stores, which serve the mid-Atlantic region of the United States. The chain now consists of more than 645 stores in six states.12 Although Wawa is certainly successful, it’s still a regional company that does not currently serve a national or international market. Regional businesses, such as Wawa, face unique challenges that don’t ...