A Retail Ownership Form That Combines Independent Ownership and Management

question 41

Multiple Choice

A retail ownership form that combines independent ownership and management assistance is _____.

• A)sole proprietorship
• B)franchising
• C)partnership
• D)corporation

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Definitions:

ATMs Spread

The spread of ATMs refers to the increasing availability and distribution of Automated Teller Machines across different locations, making financial transactions more accessible.

Demand for Bank Tellers

The need or desire for the services provided by bank tellers, which can be influenced by factors like economic conditions and technological advancements.

Banking Laws

Regulations and legal standards governing the operation and conduct of banks, designed to ensure stability and integrity in the financial system.

Profit-maximizing Level

The output level at which a business achieves the highest possible profit, found where marginal cost equals marginal revenue.