Examlex
Disadvantages inherent in the use direct marketing include:
Corporations
Businesses that are legally recognized as separate entities from their owners, having their rights and liabilities.
Single Taxation
A tax system where income is taxed only once, typically referring to how corporate profits are taxed at either the corporate or shareholder level but not both.
Mutual Agency
A principle in partnerships where each partner has the power to bind the entire partnership to a contract or agreement.
Limited Liability
A principle where a company's shareholders are legally responsible for its debts only to the extent of the amount of capital they invested.
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