The Cheapest Business to Form Is Typically the

question 22

Multiple Choice

The cheapest business to form is typically the

• A) General corporation
• B) Sub-chapter S Corporation
• C) General Partnership
• D) Limited Partnership
• E) Sole proprietorship

---

Definitions:

Product Development

The process of bringing a new product or service to market, involving idea generation, design, development, and marketing, aimed at fulfilling a customer need or gap in the market.

Unrelated Diversification

A growth strategy whereby a new business lacks any common elements with the present business.

Growth Strategy

A plan of action designed to increase the market share, sales, revenues, or profits of an organization.

Frozen Foods Industry

A sector of the food industry focused on the production, marketing, and sale of foods preserved by freezing.