Tamil Nadu Board of Secondary EducationHSC Commerce Class 11th

Advantages and Disadvantages of a Sole Trader

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  • Advantages
  1. Easy Formation
  2. Incentive to Work hard
  3. Small Capital
  4. Credit Standing
  5. Personal Contact with the Customers
  6. Flexibility
  • Disadvantages
  1. Limited Capital
  2. Limited Managerial Skill
  3. Unlimited Liability
  4. Lack of Specialisation
  5. Hasty Decisions
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