As a Start-Up Company, You Need to Find Ways to Reduce

question 36

Multiple Choice

As a start-up company, you need to find ways to reduce costs. Which type of promotion is free?

• A) Coupons
• B) Gift certificates
• C) Free samples
• D) Publicity
• E) Contests

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Definitions:

General Partner

A type of partner in a partnership who is responsible for the day-to-day management of the partnership and is personally liable for the partnership's debts.

Misapplication Funds

Refers to the wrongful use or allocation of funds that were intended for a specific purpose.

Partnership Relationship

The legal and operational relationship existing between partners in a business venture, governed by a partnership agreement.

Obligations

Duties or responsibilities imposed by law, contract, or social norms.