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प्रश्न
Justify the following statement.
Sole proprietorship is useful for small business.
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उत्तर
- Sole trading concern is owned by only one person.
- He uses his own skill and intelligence for his business.
- Sole trader brings capital from his own savings. He may borrow from friends and relatives. However, the capital collected is limited.
- He alone takes decisions of the business. Therefore, the managerial ability is also limited.
- Because of limited capital and limited managerial ability, it is not possible to expand the business beyond a certain limit.
- Thus, a sole proprietorship is useful for a small business where limited capital and less managerial ability is needed.
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संबंधित प्रश्न
State True or False:
Sole trader is the decision-maker of the business.
State True or False:
Sole trading concern operates in local markets.
State True or False:
Sole proprietorship is useful for small business.
Complete the sentence.
There is only one owner in _____________
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.
Explain the following term/concept:
Sole Trading Concern.
Distinguish between Sole Trading Concern and Partnership Firm.
Answer in brief.
State any four features of Sole Trading Concern.
Attempt the following:
Explain the features of Sole Trading Concern.
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 reason makes a sole trading concern unsuitable for large-scale operations?
