There are five different types of private sector businesses; sole traders, partnerships, private limited companies, public limited companies, co-operatives. Sole trader is a business owned by one private person. It is the most common business enterprise. Partnership is a group ...
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Sole Trader
yaebizA sole trader is the simplest form of business structure and is relatively easy and inexpensive to set up. A sole trader is legally responsible for all aspects of the business. They make all the decisions about starting and running ...
The Purpose Of Business Activity
yaebizBasically, as humans we all have needs and wants. Needs are the things we can’t live without while desires are things we can live without. We as humans have unlimited wants. Business activity exists to satisfy these needs and wants.