____________________ Occur When Individual Buyers Step in and Buy Products

question 84

Short Answer

____________________ occur when individual buyers step in and buy products in low-price countries to re-export to high-price countries,profiting from the price differential.

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Definitions:

Sole Proprietorship

A business structure where a single individual owns and operates the business, responsible for all its debts and liabilities.

Corporation

A legal entity recognized by law as a separate entity from its owners, with its own rights, privileges, and liabilities.

Partnership Agreement

A Partnership Agreement is a legal document that outlines the rights and responsibilities of the partners involved in a business partnership.

Sole Proprietorship

A business structure where a single individual owns and operates the business, being solely responsible for its debts and obligations.