According to Maslow's hierarchy of needs, once our basic needs are met we move to level two:

Joint stock company has many things similar to ______________: formed by agreement (not statute), property is held in names of the members, owners (shareholders) have personal liability. Shareholders are not considered to be agents of each other.

Fill in the blank(s) with the appropriate word(s).

Business markets have several characteristics that contrast sharply with those of consumer markets. Name and briefly characterize five of those characteristics

What will be an ideal response?