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Sears Sells Batteries Under Its Own Diehard Brand Name Even

question 134

Multiple Choice

Sears sells batteries under its own Diehard brand name even though another company actually produces these batteries. This is an example of a

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Definitions:

Limited Liability Corporation

A business structure where the owners have limited personal liability for the debts and actions of the corporation.

Corporation

A corporation is a legal entity that is separate from its owners, offering limited liability to its shareholders and having the ability to own property, sue, and be sued.

Professional Corporation

A business entity formed by lawyers, doctors, accountants, and other professionals, offering certain tax and legal advantages.

Sole Proprietorship

A type of business ownership where a single individual owns, manages, and is responsible for all aspects of the business.

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