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ABA 4 Questions and Answers | Latest Update | 2024/2025 | Graded A+
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ABA 4 Questions and Answers | Latest Update | 2024/2025 | Graded A+ What is the primary purpose of a business structure? a) To reduce the cost of products b) To organize how a business is legally set up and operates c) To increase marketing budget d) To determine customer preferences Whi...

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  • September 19, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • aba 4 questions and answers latest update 2024

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  • ABA 4
  • ABA 4

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ABA 4 Questions and Answers | Latest
Update | 2024/2025 | Graded A+

What is the primary purpose of a business structure?

a) To reduce the cost of products


✔✔b) To organize how a business is legally set up and operates


c) To increase marketing budget

d) To determine customer preferences




Which of the following is an advantage of a sole proprietorship?

a) Limited liability


✔✔b) Complete control by the owner


c) Easy to raise capital

d) Requires formal registration with the state




Which business structure is considered a separate legal entity?

a) Sole proprietorship

b) Partnership



1

, ✔✔c) Corporation


d) Freelance




What is one disadvantage of a partnership?

a) Low start-up costs


✔✔b) Shared liability among partners


c) Easier decision-making

d) High levels of independence




Which of the following is an element of the marketing mix?

a) Business structure

b) Customer service


✔✔c) Product


d) Financial planning




What is the main goal of marketing?

a) To improve internal processes


✔✔b) To identify and meet customer needs profitably


2

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