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What led to the emergence of the partnership form of business? - Commercial Applications

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प्रश्न

What led to the emergence of the partnership form of business?

लघु उत्तरीय
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उत्तर

The limits of sole proprietorship, particularly with regard to limited financial resources and managerial abilities, gave rise to the partnership form of business. In other words, the partnership model of business emerged as a result of the necessity for significant cash and improved managerial abilities.

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अध्याय 3: Ownership Structures - Partnership - QUESTION BANK [पृष्ठ ४२]

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सी. बी. गुप्ता Commercial Applications [English] Class 9 ICSE
अध्याय 3 Ownership Structures - Partnership
QUESTION BANK | Q 1. | पृष्ठ ४२
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