co-operative
A type of firm owned and operated by a group of individuals for their mutual benefit, often emphasizing democratic decision-making and shared profits. e.g workers
sole traders/ prorietor
a business owned and controled by one person
joint venture
A agreement where two or more parties agree to pool their resources for a specific project or business activity, sharing both profits and risks.
limited company
a type of business organztion owned by its shareholder
partnership
a organiztion which two or more people own a business
private sector
organizationss that are owned by individuals or companies
state owned enterprises SOEs
businesses owned and operated by the government
unlimited liability
a condition where owners are personally responsible for all debts of the business.
merger/ takeover
the process of combining two companies into one, either by acquisition or consolidation.
organic growth
the process of expanding a business through internal resources, such as increasing sales or production capacity.
vertical intergration
a joint venture between different firmst
horizontal intergration
the process of acquiring or merging with competitors at the same level of the supply chain to increase market share.
Sunk cost