A Product Unknown to the Potential Buyer or a Known-Product

question 40

True/False

A product unknown to the potential buyer or a known-product that the buyer does not actively seek is referred to as an undesirable product.

---

Definitions:

Sole Proprietorship

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

Sole Proprietorship

A type of enterprise that is owned and operated by one person, with no legal distinction between the owner and the business entity.

Corporation

A legal entity established by individuals, stockholders, or shareholders, with separate legal rights and liabilities distinct from those of its owners, used to conduct business.

General Partner

A member of a partnership who has unlimited liability and is responsible for the management of the partnership.