Examlex
Which of the following is not a characteristic of sole proprietorships?
Merchant
An individual or company engaged in the wholesale purchase and retail sale of goods for profit.
Usage of Trade
Customary practices and usages that parties to a transaction in a particular trade commonly observe.
Commercial Dealing
Activities involved in the purchase and sale of goods and services in the marketplace.
Industry
The economic activity concerned with the production of goods, services, and the extraction of raw materials.
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