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business revision - Coggle Diagram
business revision
sole trader
You own the business and are self employed
you keep all the profits that are made
you don't have to agree with someone to get stuff done
you also have full control over the business and you have no boss
LTD (Private Limited Company)
privately owned
do not share to the general public
has limited liability
partnership
less risk involved
has unlimited liability
Plc's (private limited company)
shares stock with the general public
if you buy products the customers have limited liability
e-commerce
the trading of goods online
examples are ebay and amazon
retail channels