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Questions and Answers
What is the primary characteristic that distinguishes a sole trader from other types of business ownership in SMEs?
What is the primary characteristic that distinguishes a sole trader from other types of business ownership in SMEs?
Unlimited personal liability.
How do interest rates affect business functions in SMEs?
How do interest rates affect business functions in SMEs?
Higher interest rates increase borrowing costs, reducing investment and consumption, while lower interest rates decrease borrowing costs, stimulating economic growth.
What is the primary goal of corporate sponsorship in relation to business public image?
What is the primary goal of corporate sponsorship in relation to business public image?
To enhance the company's reputation and promote a positive image.
How can environmental issues, such as pollution, negatively impact business image?
How can environmental issues, such as pollution, negatively impact business image?
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What is the primary advantage of incorporating as a small proprietary company in SMEs?
What is the primary advantage of incorporating as a small proprietary company in SMEs?
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