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Bennett Left His Job as Production Manager and Launched His

question 110

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Bennett left his job as production manager and launched his own company because he was sure his methods of making the same type of product would be more profitable and efficient.Bennett is likely to employ the __________ marketing philosophy.


Definitions:

Sole Proprietorship

An individual carrying on business alone.

Partnership

When the ownership and responsibilities of a business are shared by two or more people with a view toward profit.

Incorporation Process

The series of legal steps taken to form a legally recognized company or corporation.

Jurisdiction

The official power to make legal decisions and judgments, typically a geographic area or over certain types of legal cases.

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