Different Types of Business

Which of the following is not a way to classify a business

• By size

• By amount of profit earned annually

• By geographical spread

• By legal structure

The four classifications of a business' size are (a)   , small, medium, and large (national or transnational)

TNC stands for:

• Total Negligence of Children

• Transnational Corporation

• Trinational Corporation

• Transatlantic National Company

The five industry sectors that businesses can be classified as are the primary sector, secondary sector, (a)   sector, and the quarternary and quinary sector.

When classified by their geographical spread, businesses are either local, (a)   , or global.

Which of the legal structures involve the ownership of only one or a few individuals?

• Sole trader

• Partnership

• Local business

• Micro business

An (a)   store is one that does not have a brick-and-mortar store.

Which of the following is not a characteristic of a transnational corporation?

• Outsource labour to low cost countries

• Has headquarters in multiple countries

• Operates in multiple countries

• Has more that 200 employees company-wide

A large scale business is often a (a)   company, meaning it is listed on the ASX.

The ASX stands for:

• Australian Superannuation Exchange

• Alpha Sierra X-Ray

• Australian Stock Exchange

• Australian Securities Exchange