Types of Owneship 5.0 / 5 based on 1 rating ? Business StudiesWords and DefinitionsIGCSEOCR Created by: Sir Pingu of The IglooCreated on: 29-04-16 09:55 What is a Sole Trader? A business owned by one person 1 of 6 what is a business owned by 2 or more people called? Partnership 2 of 6 What is a franchise? Any individual can buy a branch of a ready made firm. 3 of 6 What is a Cooperative? A business owned and run by people with shared interests. 4 of 6 What does LTD stand for? Private Limited Company 5 of 6 What is a Public Sector Organisation? A firm owned and run by the government 6 of 6
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