A Sole Proprietor Carries on Business Alone and Cannot Employ

question 8

True/False

A sole proprietor carries on business alone and cannot employ others in the process.

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Definitions:

Self-Service

A system that allows consumers to perform services for themselves without direct assistance from staff, often facilitated by technology.

Extreme Value Retailers

Retailers that offer products at significantly lower prices than their competitors, typically by reducing costs through simple store designs and limited service.

Dollar Discount Stores

Retail outlets where a majority of the items are sold at discounted prices, typically one dollar or around that price point.

Scrambled Merchandising

A retail strategy where a store sells products beyond its traditional inventory or industry category, to increase footfall or market share.