SoleTrader - Owns a business by themselves, Sectorsofeconomy - Private, Public, Third, Sectorsofindustry - Primary, Secondary, Tertiary, Needs - The opposite of wants, Deedofpartnership - What partners need to create, Objectives - Profit maximisation, growth, Customercarestrategy - Keeping your customers happy, you'll need this..., Factorsofproduction - Land, Labour, Capital, Enterprise, Shareholders - A way to finance a limited company, Partnership - 2-20 Partners,

Understanding Business - Outcome 1

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