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Discuss the Continuity Problem Associated with a Channel of Distribution

question 30

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Discuss the continuity problem associated with a channel of distribution.


Definitions:

General Partnership

A business arrangement where two or more individuals share ownership and the responsibility for managing the business and its debts.

Sole Proprietorship

A business structure where the business is owned and run by one individual, where there is no legal distinction between the owner and the business entity.

Partnership

A business formed by two or more co-owners.

Corporation

A legal entity that is separate and distinct from its owners, capable of owning property, incurring debt, and being sued or suing.

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