Dan is excited to start marketing and selling his new indoor practice hockey tarps and would like to start today. He already has several hockey associations waiting to make purchases
Dan's best option for starting his business quickly and hassle free is a(n) ________. A) S corporation
B) C corporation
C) general partnership
D) sole proprietorship
E) master limited partnership
D
Explanation: D) Because a sole proprietorship only requires collecting income as a result of performing a service or selling a product, this is Dan's best option. Corporations require paperwork prior to doing business. Although partnerships do not require legal paperwork, it is best to take the time to write a partner agreement before beginning business, and at this point Dan is ready to get started on his own, without a partner.
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Which of the following BEST describes sales promotion?
a. It is a publicity tool. b. It is more difficult to measure than advertising. c. It offers a short-term incentive to buy. d. It is a smaller percentage of the promotion budget than advertising.
The homeowner's _______________ is the market value of the home less any liens and encumbrances.
Fill in the blank(s) with the appropriate word(s).