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Understanding business activity (Types of business organisations (sole…
Understanding business activity
classification
Primary
secondary
tertiary
Types of business organisations
sole traders
partnerships
private limited company
public limited company
franchises
joint ventures
business objective
growth
profit
market share
stakeholders groups
business growth, size and enterprise
measuring business size
characteristics of entrepreneurship
creative
innovative
risk taker
determination
passion
initiative
business plan
convince investors and lenders to to fund your business
clarify your vision and decide whether or not to go ahead of your idea.
internal
external