Without Creating a Separate Business Organization, Rey Starts Up Street

question 52

Multiple Choice

Without creating a separate business organization, Rey starts up Street Cruisers, a pre-owned auto sales enterprise. This enterprise is

• A)none of the choices.
• B)a corporation.
• C)a franchisee.
• D)a sole proprietorship.

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Definitions:

Global Sales

Refers to the total sales of products or services worldwide, encompassing various geographic regions and international markets.

Franchising Agreement

A legal contract in which a well-established business grants another party the right to operate under its brand and sell its products or services.

Global Expansion

The process of a business extending its operations and influence to multiple countries beyond its home country.

Trade Agreements

Formal arrangements between countries that determine the rules of trade, including tariffs and import quotas.