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- There are different types of business units, including12:
- Product business units: responsible for developing and marketing products within a certain category.
- Customer business units: responsible for serving a specific customer segment.
- Geography business units: responsible for serving a specific geographic region.
- Sole proprietorship: a one-man business.
- Partnership: a business owned by two or more people.
- Private limited liability company: a company owned by shareholders with limited liability.
- Public limited liability company: a company owned by shareholders with limited liability, whose shares can be traded on a stock exchange.
- Co-operative society: a business owned and controlled by its members, who share the profits.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.There are three common types of business units: product, customer, and geography. Product business units are responsible for developing and marketing products within a certain category. For example, a company that sells multiple types of electronics may have a separate business unit for each type of product.oboloo.com/blog/what-is-a-business-unit-definition/There are five main forms of business units under the private sector or enterprise, namely: The sole proprietorship – i.e. the sole Trader or One-man business The Partnership The Private Limited Liability Company The Public Limited Liability Company The Co-operative Societystoplearn.com/types-forms-of-business-units/ - People also ask
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