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Matt and Alicia Created a Firm That Is a Separate

question 48

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Matt and Alicia created a firm that is a separate legal entity and will share ownership of that firm on a 75/25 basis.Which type of entity did they create if they have no personal liability for the firm's debts?

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Definitions:

Same Channel

Utilization of the same distribution or communication channel for various purposes or products, aiming at efficiency and consistency.

Multiple Channels

The use of several distribution and sales channels to reach customers and deliver products or services, enhancing market reach and customer access.

Channel Activity

A process involving the promotion, selling, and distribution of a product through different channels.

Customer Needs

The recognized desires or requirements of consumers that businesses aim to fulfill with their products or services.

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