The partnership most likely formed is a general partnership.
<h3>What is a general partnership?</h3>
A general partnership is when two or more people come together to form a business. The people who come together to create the business are referred to as partners.
In a general partnership, all the partners are responsible for the running the company. All the partners have an unlimited liability.
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Answer:
Location 1 has more potential customer.
Explanation:
LOCATION 1
Trade Area = Population Density / Trade radius
Trade Area = 1000 / 5 = 200 miles
This means there are potential customers 200 miles away
LOCATION 2
Trade Area = Population Density / Trade radius
Trade Area = 500 / 7 = 71.4 miles
This means there are potential customers 71.4 miles away
Answer:
B. Luxurious facilities
Explanation:
As retailing companies grow, they begin to create new businesses, sometimes, offering a greater range or acquiring more expensive facilities (luxurious facilities), but this could cause them to lose the main drive that brought them into the market in the first place.
Unfortunately, they then become vulnerable to fast rising discounters and lower cost structures which eventually takes their place along the wheel.
Answer:
The answer is Price fixing.
Explanation:
number of top fashion-modeling agencies would most likely be charged with Price fixing for jointly determining what commissions they charge for models.