Paper 1 · November 2018 · business types

Which of the following is a type of business found in the private sector?

APartnership

BState-owned parastatal

CGovernment department

DLocal authority

Explanation

The private sector consists of businesses owned and controlled by private individuals, such as sole proprietorships, partnerships, private limited companies, public limited companies and cooperatives. Government departments, local authorities and state-owned parastatals belong to the public sector, which is owned and controlled by the state.

Derived from ZIMSEC Business_studies Paper 1, November 2018, Q1

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