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How can businesses be classified?

Updated: 4/28/2022
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10y ago

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Businesses can be classified according to the services and products that they offer to consumers or clients.

There are also many types on which a business is defined in legal systems, depending on the country on which the business is located.

Business entities can be classified as corporations, cooperatives, partnership, sole traders and a lot more. Again, business classification may vary according to countries in which they are located.

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