Tag: types
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Types of trade
Types of trade Home trade Trade within a country This enables the buyer and seller to conduct sale without problems Wholesale trade Buying and selling (trade) in bulk This enables the wholesalers to buy in bulk and sell to retailers Retail trade Trade with the consumers Retailer buys in small quantities and…
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Types of industries
Types of industries Extractive industries Manufacturing industries Construction industries Tertiary industries
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Types of taxation
Types of taxation Direct Indirect Progressive Regressive Proportional
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Different Business organization
Types of business organizations Sole proprietors Partnerships Private companies Public companies Multi-nationals Co-operatives Public corporation
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What is a joint venture?
Joint venture Joint venture happens when two separate companies join hands to complete a project They share knowledge and expertise to complete the project successfully
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What is Partnership?
Partnership The business is owned and managed by 2-20 people Partners make the decisions Profit is shared among the partners If businesses lose money, the partners have to sell their personal assets to pay off creditors (unlimited liability)