Which of the Following Statements Is True of a Sole

question 67

Multiple Choice

Which of the following statements is true of a sole proprietorship?

• A)A sole proprietorship joins two or more individuals as co-owners.
• B)The sole proprietor is personally liable for the liabilities of the business.
• C)A sole proprietorship is taxed separately from the owner.
• D)A sole proprietorship does not terminate at the choice or death of the owner.

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Definitions:

Marketing Mix

is a set of actions or tactics a company uses to promote its brand or product in the market, traditionally defined by the four Ps: Product, Price, Place, and Promotion.

Marketing Mix

A foundational model in marketing that blends together the four critical elements of product, price, place, and promotion to create effective strategies.

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Positioning

The strategy of placing a brand or product in a particular market segment to distinguish it from competitors, aimed at creating a unique impression in the minds of consumers.