define the term promoters
in business studies
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Answer: Mark me brainlest
Explanation:
A promoter is the one who undertakes to form a company with reference to a given project and to set it going and who takes necessary steps to accomplish that purpose.
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Definition. A promoter acts on behalf of a corporation before it is formed. The promoter usually enters into a contract with the corporation it is promoting outlining the terms of compensation and rights of the promoter, including future shares in the corporation, known as promotional stock.
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