Proprietorships are owned by one owner and provide only services to their customers.

Proprietorships

A sole proprietorship is a type of business entity that is owned and operated by one individual, with no legal distinction between the owner and the business.

Services

Economic activities offered by one party to another, often involving the provision of expertise or labor.

Differentiate between the features of diverse types of business entities.

Verified Answer

Denisse GarcíaApr 29, 2024

Final Answer :

False

Explanation :

Proprietorships can provide both services and goods to their customers.

Learning Objectives

Differentiate between the features of diverse types of business entities.

Proprietorships are owned by one owner and provide only services to their customers.

Definitions

Learning Objectives

Learning Objectives

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