A Business Owned by a Solitary Individual Who Has Unlimited

question 25

Multiple Choice

A business owned by a solitary individual who has unlimited liability for its debt is called a:

• A)corporation.
• B)sole proprietorship.
• C)general partnership.
• D)limited partnership.
• E)limited liability company.

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Definitions:

Marketers

Professionals focused on creating, promoting, and selling products or services, including market research and advertising to target consumers effectively.

Metaphors

Linguistic expressions where a term is applied to an object or action to which it is not literally applicable, often used for symbolic representation.

Brand Management

The process of analyzing and planning how a brand is perceived in the market, aiming to build a good relationship with the target market and maintain brand equity.

Holt's Model

A framework developed by Douglas Holt that explains how brands become iconic by tapping into cultural myths and societal ideals.