Angelica owns a small hair salon. When a chain hair salon opened across the street from her business, Angelica lowered her prices and added more specialty services, like manicures and facials. Her ability to make these decisions on the spot without anyone else's approval gave her a

Question

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The sole proprietor has complete control over the business and can make decisions on the spot without anyone else's approval. This control allows the owner to respond quickly to competitive business conditions or to changes in the economy. The ability to quickly change prices or products can provide a competitive advantage for the business.

Angelica Owns a Small Hair Salon