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A business owned by members and managed in their interests is typically referred to as a cooperative or co-op. In this model, members contribute to the business and share its profits, often based on their level of participation. Decisions are made democratically, ensuring that the interests of all members are prioritized. Common examples include credit unions, food cooperatives, and worker cooperatives.
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What is a sole propietorship?
A Business owned and managed by a single individual , (;
What is soleproprietorship?
sole proprietorship is:a business owned and managed by a sole propietor... in simple words: a big or small job owned and managed by only one person. that's why is called "SOLE"Proprietorship
What is business with the legal rights of a person and which may be owned by many people?
A corporation is a business that is owned by many people but by law acts as a single entity, separate from its members.
Where can one find a family owned business?
Businesses that are owned and operated by members of the same family are plentiful and can be found all over the world. An indication that a business is owned by a family is the presence of the words "and sons" in the company name.
What type of bank is owned and operated by its members?
a credit union is owned by members and its board are members of the bank
What is a business owned by its members that is managed in the interest of the owners?
a cooperative
What is a sole propietorship?
A Business owned and managed by a single individual , (;
Business owned and managed by a single individual?
This is called a sole proprietorship.
A business organization that is owned by its members is called what?
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What do you mean by sole trade?
sole trade is the form of business,which is owned ,managed and controlled by an individual.
What is soleproprietorship?
sole proprietorship is:a business owned and managed by a sole propietor... in simple words: a big or small job owned and managed by only one person. that's why is called "SOLE"Proprietorship
Which term is used to describe a business that is owned and democratically operated by its members?
cooperative
What is business with the legal rights of a person and which may be owned by many people?
A corporation is a business that is owned by many people but by law acts as a single entity, separate from its members.
Where can one find a family owned business?
Businesses that are owned and operated by members of the same family are plentiful and can be found all over the world. An indication that a business is owned by a family is the presence of the words "and sons" in the company name.
What is a business owned and managed by a single person called?
A business owned and managed by a single person is called a sole proprietorship. This type of business structure allows the owner to have complete control over operations and decision-making. Sole proprietors are personally liable for all debts and obligations of the business, meaning their personal assets may be at risk. This structure is often favored for its simplicity and ease of setup.
Who owns Ajax?
AFC Ajax, commonly known as Ajax, is owned by its members through a cooperative structure. The club is managed by a board that is elected by the members, ensuring that decision-making reflects the interests of the supporters and stakeholders. Ajax is also publicly traded on the Euronext Amsterdam stock exchange, allowing investors to buy shares, but the cooperative model means that ultimate control remains with the members.
What is the definition of a family business?
The definition of a family business is a business which is owned in its entirety by members of the same family. A good example of a well known family business is Wal-Mart.
