Examlex
What strategies do discount airlines use to overcome the problem of high costs and low revenues?
Incorporated
The process of forming a corporation, which is a legal entity recognized by law as separate from its owners.
General Partnership
A business partnership where all partners share unlimited liability for the business's debts and obligations.
State Agency
An organization run by the state government, performing specific functions or services.
Corporation
A legal entity that is separate and distinct from its owners, which can own property, be taxed, and be held legally liable.
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