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Name the Three Different Types of Businesses That Operate for Profit

question 38

Essay

Name the three different types of businesses that operate for profit and their respective characteristics.


Definitions:

Leadership Roles

Positions within an organization or group that involve guiding, directing, and influencing the work of others.

Organizational Member

An individual who belongs to a specific organization, contributing to its culture, goals, and functioning through their role and actions.

Influence

The capacity or power of persons or things to be a compelling force on the actions, behavior, opinions, etc., of others.

Leadership

Has a strong effect on an organization’s strategy, success, and very survival.

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