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solong [7]
2 years ago
14

Joe Jackson operates a sole proprietorship, but he is in poor health and may be unable to continue running the business. If Joe

becomes incapacitated, his business: ceases to exist unless sold or taken over by Joe's heirs. automatically converts into a public corporation with stock sold to interested investors. automatically continues under new management as a sole proprietorship. becomes the property of the most senior employee who wishes to continue operating the firm.
Business
1 answer:
Marrrta [24]2 years ago
8 0

Answer:

The business cease to exists unless sold or taken over by Joe's heirs.

Explanation:

Sole proprietorship is a term that describes the business enterprise which is owned or run by just one person known as the sole trader. In other words, sole proprietorship is a one man's business.

One of the major drawbacks of this kind of business is the fact that when a sole proprietor is sick or incapacitated, his/her business would suffer or cease to exist unless he/she sells it or allows family members (heirs) to take over its management or ownership.

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Answer:

1. New-product strategy development.

2. Idea generation.

3. Screening and evaluation.

4. Business analysis.

5. Development.

6. Market testing.

7. Commercialization.

Explanation:

New product strategy is the first one as described and the remaining are briefed below:

Idea Generation: This steps creates the idea for how the product shall be created.

Screening and evaluation: This helps in evaluating the idea generated and comparing it with the practical manner.

Business Analysis aims at analyzing the business prospect of the new product.

Development is done once all of the above steps are in affirmation.

Market testing is done after the development about the market captured by the product or to be captured.

Commercialization basically aims at the proper introduction of the product in the market.

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jeka94

Answer:

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