The Advantages of the Partnership Form of Business Organization, Compared

question 1

Multiple Choice

The advantages of the partnership form of business organization, compared to corporations, include

• A) Single taxation.
• B) Ease of raising capital.
• C) Mutual agency.
• D) Limited liability.
• E) Difficulty of formation.

---

Definitions:

Pricing Objective

The goals that a company aims to achieve through its pricing strategy, such as maximizing profits, increasing market share, or discouraging competition.

Tariffs

Taxes or duties to be paid on particular imports or exports, often used by governments to control trade, protect domestic industries, or generate revenue.

Price Competitive

Refers to a pricing strategy where a company sets its product or service prices to be as competitive as possible, often matching or undercutting competitors.

Price Discrimination

The practice of charging different customers different prices for the same product.