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can be physically weighed or measured


tasks that people or machines perform


a business that gathers raw products in their natural state


changes raw materials into more finished products


businesses that make finished products out of processed goods


business that moves goods from one business to another


distributes goods


purchases goods from a wholesaler and resells them to the consumer

sole proprietorship

a business owned by only one person

unlimited liability

full responsibility for your company's debts


a business owned by two or more persons who share the risks and rewards


a business owned by many people but treated by law as one person


shares of ownership in your corporation

limited liability

if the company looses money then the stockholders lose only what they invested

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