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Especially for a small business, examining a competitor’s marketing combine may be very useful. An applicable market mix, which makes use of various kinds of advertising, might help to boost sales. When the small business fails, the proprietor might file for bankruptcy. In most cases, this can be dealt with through a private chapter filing. Corporations can file bankruptcy, but whether it is out of business and valuable company assets are prone to be repossessed by secured creditors, there’s little advantage to going to the expense of a corporate chapter.
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