A Business with One Owner Is Called a Sole Proprietorship

question 93

True/False

A business with one owner is called a sole proprietorship and it must be a service business.

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Definitions:

Promotion Objectives

Targets set by a business or organization aiming to increase awareness, interest, and sales of a product or service through marketing efforts. This involves a strategic approach to reaching potential customers and encouraging them to engage.

Estimate Costs

The process of predicting the most realistic amount of money required to complete a project or produce a product.

All-You-Can-Afford Budgeting

A budgeting strategy that involves spending the maximum available resources on marketing or other business activities, based on what one can afford.

In-Store Samples

Small quantities of a product given to customers within a retail location for free to try before they buy.