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Maria Wants to Start a New Business in Collaboration with Her

question 89

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Maria wants to start a new business in collaboration with her husband and brother-in-law.The features she is looking for in the business are as follows: least possible regulatory controls,faster decision making,and ease of organization.She also wants a business in which she will not be forced to pay off any business debts from her personal assets.Which type of business ownership will be best suited to her needs?


Definitions:

Cross Price Elasticity

An indicator of the sensitivity of the demand for one product in relation to the price variations of a different product.

Mobile Service

Mobile service refers to the provision of telecommunication services such as voice and data communication over a network by a provider to a mobile device.

Landline Service

A form of telecommunication service that is delivered through a wired connection, typically using copper wires or fiber-optic cables.

Price Elasticity

A measure of how much the demand or supply of a product changes in response to a change in its price.

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