Author Question: Loren LLC is a small bicycle store that competes effectively with much larger companies since it ... (Read 52 times)

ec501234 · **on:** Jul 14, 2018

Loren LLC is a small bicycle store that competes effectively with much larger companies since it focuses exclusively on selling bicycles for senior citizens and orthopedic patients. The company has been successful since it has:
A) exploited a small but profitable market niche.
B) worked to undercut larger competitors.
C) attracted the best talent in the bicycle market.
D) acquired a patent for these bicycles.

Question 2

The form of business organization that comprises about 19 percent of all businesses in the United States is the
A) joint venture.
B) syndicate.
C) sole proprietorship.
D) partnership.
E) corporation.