A(n)____________________ Is a Business Owned by One Person

question 238

Short Answer

A(n)____________________ is a business owned by one person.

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Definitions:

Generics

Non-branded products that are sold without a trademark and are equivalent in quality to branded products.

Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type.

Procurement Costs

Expenses associated with acquiring goods and services needed for business operations.

Number Of Suppliers

This refers to the total count of individual suppliers that a business sources its materials, goods, or services from.