Proprietorship Is the Oldest and Most Prevalent Form of Ownership

question 16

True/False

Proprietorship is the oldest and most prevalent form of ownership in the United States.

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Definitions:

Related Diversification

A strategy where a business expands its activities into areas that are similar to its existing operations.

Organisational Growth

The process by which an organization increases in size, resources, capabilities, or market share over time.

Core Competencies

Fundamental strengths and abilities of a company that give it a competitive advantage.

Organisational Strength

The capabilities and resources that give an organization a competitive edge or superior performance ability.