ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
GLOBALIZATION AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a business that converts materials into products for sale
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a business that sells products to the final buyers
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a business that performs services
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a business that sells products to retailers
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Detailed explanation-1: -Limited liability company (LLC)
Detailed explanation-2: -The 3 Basic Business Entities The 3 types of business entities that are most common are the sole proprietorship, limited liability company (LLC), and corporation.
Detailed explanation-3: -The sole proprietorship is the most common form of business organization. One person conducts business for him or herself. A sole proprietorship is not a legal entity. It has no life of its own separate and apart from the owner of the business.
Detailed explanation-4: -Sole Proprietorship. In a sole proprietorship, you’re the sole owner of the business. Partnership. A partnership is a non-incorporated business created between two or more people. Corporation. A corporation is a legal entity separate from its shareholders. 25-Feb-2021