The primary disadvantages of sole proprietorship would be:
- Sole responsibility for the business
- They have the sole legal responsibility for the business
- They would have tax liability
- They would have issues with hiring workers
<h3>What is sole proprietorship?</h3>
This is the term that is used to refer to the individual that is in an entrepreneurship. This is a person that would have to have an enterprise that they run on their own that has no distinction between the owner of the business and business itself.
<h3>What is referred to as partnership?</h3>
This is the type of business that is run by two person or more. The partners in the business are the ones that would have equal claims to the business and they would share in all that concerns the business.
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Answer: Allied Powers
Explanation: <u>The Allies such as Britain, the Soviet Union, and the United States fought the Axis Powers.</u>
Immediate rivals, potential entrants, customers, suppliers and substitute products are the five aspects that are used to evaluate competition.
<u>Explanation</u>:
Porter's Five Forces is a framework or tool for analyzing the competitive environment of the company. The profit of the company is influenced by company's competitors, potential new market entrants, suppliers, customers and substitute products.
Michael Eugene Porter- a famous economist of America postulated Porter’s Five Forces. This tool helps in determining the competition intense of the company. The position of the company can be affected with the new entry of rivals in the same market. The company should be able to possess strong and durable barriers to withhold its position.
Creativity is the answer.
Absolute monarchy is a form of monarchy in which the monarch rules in their own right. In this kind of monarchy, the king is usually limited by a constitution. However, in some absolute monarchies, the king is by no means limited and has absolute power. These are often hereditary monarchies.