Give Three Potential Advantages That Explain Why Corporations Represent a Small

question 36

Essay

Give three potential advantages that explain why corporations represent a small percentage of the total number of businesses in Canada, but dominate in terms of assets and dollar volumes of sales.

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Definitions:

Magnuson-Moss Act

A federal law enacted in 1975 to protect consumers from deceptive warranty practices, applying to warranties on consumer products.

Warranties

Legally enforceable promises or guarantees made by a seller that certain facts or conditions about a product or service are true.

FTC Rules

Regulations established by the Federal Trade Commission aimed at protecting consumers and ensuring fair competition in the marketplace.

Preliminary Injunction

A temporary court order issued at the beginning of a legal action, prohibiting certain actions by the defendant until a full hearing can be conducted.