A Proprietorship Is an Unincorporated Business Owned by One Individual

question 14

True/False

A proprietorship is an unincorporated business owned by one individual and the owner benefits from the limited liability for business, which limits his losses to what he has invested in the company.

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Definitions:

Acquires Suppliers

The process where a company takes ownership of its suppliers to control the supply chain or reduce production costs.

Acquires Distributors

The process by which a company purchases or assumes control over distribution firms to streamline its supply chain and improve market access.

Forward Integration

A business strategy where a company controls the distribution or the supply chain for its products.

Acquires Distributors

The process by which a company takes ownership of distribution channels or companies to enhance its supply chain effectiveness and market reach.