Business in the Real World

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Last updated 11:55 AM on 6/4/26
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5 Terms

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What is an entrepreneur?

An individual who takes a risk to set up their own business

2
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What is a sole trader?

When one person owns a business

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What is a partnership

When 2-20 individuals own a business

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What is a Private Limited Company? Ltd

When family and friends own shares. They cannot be sold to the public.

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