Examlex
What are the three types of nonstore retailing, and what are some examples of each?
Corporation
A legal entity formed by a group of individuals to conduct business or other activities, recognized as separate from its owners with its own rights and liabilities.
Personal Liability
The legal responsibility of an individual to settle his or her debts and obligations, potentially using personal assets.
General Partner
A member of a partnership who has unlimited liability and is actively involved in the management of the partnership.
Business Management
The act of organizing, planning, leading, and controlling resources to achieve specific business objectives.
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