Problem
a) Define sole trader business with appropriate examples. Briefly explain three main characteristics of a sole trader business?
b) Define partnership with appropriate examples. Briefly explain three main characteristics of a partnership business?
c) Define private limited liability business with appropriate examples. Briefly explain three main characteristics of a private limited liability business?
d) Define public limited liability business with appropriate examples. Briefly explain three main characteristics of a public limited liability business?
e) Define cooperative with appropriate examples. Briefly explain three main characteristics of a cooperative.