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Which of the Following Is NOT a Principal Characteristic of the Partnership

question 14

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Which of the following is NOT a principal characteristic of the partnership form of business organization?


Definitions:

Unrelated Diversification

Is used when a firm attempts to operate several unique businesses in different, unrelated markets. The basic logic behind unrelated diversification is that a company can shield itself from the adverse effects of business cycles, unexpected competition, and other economic fluctuations.

Analyzer Strategy

A business approach where a company monitors the market and competitors' actions, innovates incrementally, and follows the market leader's successful moves.

Entrepreneurial Employees

Employees who exhibit entrepreneurial characteristics within an organization, including innovation, risk-taking, and proactiveness, contributing to the company's growth.

Flexible

The ability to easily adapt to new, different, or changing requirements and situations.

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