Small Business Owners Prefer a Proprietorship Over Other Forms of Business

question 32

Multiple Choice

Small business owners prefer a proprietorship over other forms of business because it:

• A) provides access to unlimited capital.
• B) ensures that the business has an unlimited life.
• C) provides relative freedom of action and control.
• D) makes it easy for the owner to obtain credit.

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Definitions:

Sensitivity Analysis

A technique used to determine how different values of an independent variable affect a particular dependent variable under a given set of assumptions.

Marketing Databases

Collections of data and information regarding customers, potential customers, market trends, and competitor analysis, used to inform marketing strategies and campaigns.

Environmental Scan

The process of collecting and analyzing external and internal data to understand the market environment, including trends, opportunities, and threats.

Action Analysis

The process of examining and breaking down the actions required to achieve a particular goal or objective.