BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The sole proprietorship is a type of enterprise that is owned and run by one person. Therefore, there is no legal distinction between the owner and the business entity.

Detailed explanation-2: -A sole proprietorship is a business that can be owned and controlled by an individual, a company or a limited liability partnership. There are no partners in the business. The legal status of a sole proprietorship can be defined as follows: It is not a separate legal entity from the business owner.

Detailed explanation-3: -An enterprise is defined as a legal entity possessing the right to conduct business on its own, for example to enter into contracts, own property, incur liabilities and establish bank accounts. An enterprise may be a corporation, a quasi-corporation, a non-profit institution, or an unincorporated enterprise.

Detailed explanation-4: -An enterprise organization is a large business that has the size and resources to dominate a specific market and is characterized by being high revenue and having many employees. An enterprise is a substitute term for business or organization, but in this instance, we’re referring to it as a company size.