Question

Which statement is TRUE?a.Sole proprietorships make up most of the businessesin the U.S. and generatemost of the salesb.Partnerships make up the least number of businessesin the U.S. but generatemost of the salesc.Sole proprietorships and partnerships together generateabout the same amountof sales as corporationsd.Corporations generate the most sales in the U.S.,but sole proprietorships makeup most of the businesses.

Answer 1

D. .Corporations generate the most sales in the U.S. but sole proprietorships makeup most of the businesses.

Step-by-step explanation:

Currently, about 70% of business entities in United States were sole proprietorships, while the other forms of business made up the remaining 30%. But when it came to sales, Corporations dominated other forms of businesses.

In the current market, corporations made up around 85% of the total sales in United States market. This happen because corporations tend to have more power to generate large amount of capital that they can use to promote their products and make the whole production process become efficient.