Which form of business ownership is owned by two or more persons?

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Multiple Choice

Which form of business ownership is owned by two or more persons?

Explanation:
Two or more people owning a business describes a partnership. In a partnership, owners pool resources, share in decision-making, and divide profits and losses based on an agreement among them. This setup specifically reflects shared ownership and responsibility. A sole proprietorship is owned by a single person, a corporation is owned by shareholders and treated as its own legal entity, and Marketing Mix isn’t a form of ownership at all. Therefore, partnership is the form that matches two or more owners.

Two or more people owning a business describes a partnership. In a partnership, owners pool resources, share in decision-making, and divide profits and losses based on an agreement among them. This setup specifically reflects shared ownership and responsibility. A sole proprietorship is owned by a single person, a corporation is owned by shareholders and treated as its own legal entity, and Marketing Mix isn’t a form of ownership at all. Therefore, partnership is the form that matches two or more owners.

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