One of the Major Disadvantages of a Sole Proprietorship Is

question 349

Multiple Choice

One of the major disadvantages of a sole proprietorship is the:

• A)Possibility of disagreements between owners.
• B)Unlimited liability the owner has for the debts of the firm.
• C)Fact that any income earned by this type of business is taxed twice.
• D)High cost of starting or ending the company.

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Definitions:

Marketing Strategy

A comprehensive plan formulated to achieve marketing objectives and satisfy the target market's needs.

Target Market

A specific group of potential consumers at whom a company aims its products and services.

Volvo

An automotive manufacturer known for its emphasis on safety features, durability, and innovative technology in its vehicle designs.

Implementation Phase

The stage in a project or strategy where plans are put into action and executed to achieve the intended objectives.