liability benefits of a corporation but owners are taxed as individuals. According to Stewart Karlinsky and Hughlene Burton writing in Tax Adviser, a major motivation for choosing S status in a business cycle's early years is the ability to pass through entity-level losses to shareholders (Karlinsky, Burton, 2004, 636).
2. A marketing system is often said to be based on consumer sovereignty, meaning that the consumer determines what is to be produced. Yet, businesses often determine what is to be manufactured and sold. The question that difficult to answer is this: How can the view that both consumers and businesses determine what is to be produced be reconciled. The answer lies in the laws of supply and demand. While it is true that a company can produce any product it wants to, consumers decide what products they will purchase. Factors such as maximizing utility help determine which products will be purchased and which will remain on the shelves. In other words, consumers ultimately decide what will be consumed and in making these decisions, con
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