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Published byBruno Atkinson Modified over 9 years ago
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Sole proprietorship is a business owned by only one person. Sole proprietorship is for individual who want to work and make decisions independently.
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Partnership is owned and controlled by two or more people. Partner share and make ideas for the business.
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a business treated by law as separate from its owners. Corporations has limited liability.
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a contractual agreement to use the name and sell the goods or services of an existing company.
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business that acts as a go-between in moving goods from producers to consumers, such as wholesalers, retailers, and distributors.
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a type of business that buys goods in large amounts and resells them to other businesses in smaller lots.
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an organization of businesses owned and operated by the members, who pool their resources and share the benefits.
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A business that sells goods or service directly to the public.
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intermediary Business that acts as a go-between in moving goods from producers to consumers, such as wholesalers, retailers, and distributors. Stock Shares of ownership in a corporation.
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Limited liability Financial responsibility of business owners only for what they invested in a business. Unlimited liability Full legal and financial responsibility for a business.
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businesses that change raw goods into more finished products.
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businesses that make finished products out of raw processed goods.
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a business whose main purpose is to provide a service rather than to make a profit.
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