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Types of businesses 2 (Large (200+ employees, Thousands of stakeholders,…
Types of businesses 2
Large
200+ employees
Thousands of stakeholders
Mostly public
Complex decision making
Small
Fewer than 20 employees
Commonly a sole trader or partnership
Owned by one or two people, usually
Medium
20-199 employees
Usually partnership or private company
Owner basically responsible for majority of decisions
Public or private sector
Private
Private individuals and companies with the primary aim to gain a profit
Public
Are operated by the government
Only about 500 in Australia