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- Types of Business Enterprises include12:
- Primary sector: Businesses involved in raw material production.
- Secondary sector: Businesses that use raw materials to create new goods and services.
- Tertiary sector: Enterprises providing services to individuals.
- Individual proprietorships: Owned and operated by a single person.
- Partnerships: Formed by two or more individuals.
- Limited-liability companies (corporations): Separate legal entities owned by shareholders.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Business enterprises can be classified into three main categories, according to the production stage:
- Primary sector - businesses make sure that the raw materials are created and produced to be used later by other companies.
www.studysmarter.co.uk/explanations/business-stu…Business enterprises customarily take one of three forms: individual proprietorships, partnerships, or limited-liability companies (or corporations).www.britannica.com/money/business-organization - People also ask
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