Which of the Following Is Not an Advantage of Starting

question 166

Multiple Choice

Which of the following is not an advantage of starting a new business as a proprietorship?

• A)The owner has complete control over the business.
• B)A proprietorship has few government rules and regulations to comply with.
• C)Business profits are only taxed once, not twice.
• D)A proprietorship can easily attain additional funding.

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Definitions:

Promotional Device

Any tool or strategy used to promote a product, service, or brand to increase visibility and drive sales or engagement.

Evaluate Products

The process of examining and assessing the features, quality, and performance of products to inform purchasing decisions or product development.

Psychological Factors

Psychological factors are internal influences on a consumer's behavior, including attitudes, perceptions, and motivations.

Product Features

Product features are the attributes or characteristics that define a product, distinguish it from competitors, and meet the needs or desires of customers.