In Most Cases, a Company Sets the Price Instead of It

question 24

True/False

In most cases, a company sets the price instead of it being set by the competitive market.

---

Definitions:

Corporation

A legal entity that is distinct from its owners, offering limited liability and the ability to raise capital by selling shares.

Sole Proprietorship

A type of enterprise owned and operated by one person, where there is no legal distinction between the owner and the business operation.

Double Taxation

The imposition of two or more taxes on the same income, asset, or financial transaction.

Not-for-Profit Organization

An organization that operates for purposes other than making a profit, often focusing on social, educational, or charitable objectives.