Of the Types of Business Organizations in the United States,sole

question 68

Multiple Choice

Of the types of business organizations in the United States,sole proprietorships account for the ________ percentage of firms and the ________ percentage of profits.

• A)smallest; smallest
• B)smallest; largest
• C)largest; smallest
• D)largest; largest

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Definitions:

Product Development

The process of bringing a new product or service to the market, from idea generation to commercialization.

Market Development

Strategies aimed at expanding the customer base for a product, including entering new markets or segments.

Diversification

A risk management strategy that mixes a wide variety of investments within a portfolio to minimize the impact of any single asset's performance.

Product Development

The process of bringing a new product to market, involving idea generation, concept testing, design, manufacturing, and marketing.