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प्रश्न
Explain the following term/concept:
Sole Trading Concern.
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उत्तर
- It is a form of business organization which is owned, managed, and controlled by one person.
- It need not be registered.
- It does not have a legal status i.e. It does not have a stable life.
- Maximum secrecy can be maintained in Sole Trading's concern.
APPEARS IN
संबंधित प्रश्न
State True or False:
Sole trader is the decision-maker of the business.
State True or False:
Sole proprietorship is useful for small business.
Select the correct option:
| A | B |
| Forms of business organisation | ______________ |
Select the correct option:
| A | B |
| Minimum 2 and maximum 50 | ______________ |
Answer in one sentence.
What is sole Trading concern?
Correct the underlined word and rewrite the following sentence.
There is less secrecy in Sole Trading concern.
Justify the following statement.
Sole proprietorship is useful for small business.
Give one word/phrase/term.
The members of the Joint Hindu Family firm.
Who owns, manages, and controls a sole trading concern?
Which feature allows a sole trader to make business changes quickly?
Which statement describes a market limitation of a sole trading concern?
Which reason makes a sole trading concern unsuitable for large-scale operations?
