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What is a sole proprietorship? - Commercial Applications

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What is a sole proprietorship?

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उत्तर

The first and the oldest form of ownership structure is the sole proprietorship. It is the oldest, most shared, and simplest, and in some cases, the most natural form of ownership. Thus, a sole proprietorship is a form of business that is owned, managed, and controlled by an individual. It is a “one-man show”.

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पाठ 2: Ownership Structures - Sole Proprietorship and Joint Hindu Family Business - EXERCISES [पृष्ठ ३१]

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सी. बी. गुप्ता Commercial Applications [English] Class 9 ICSE
पाठ 2 Ownership Structures - Sole Proprietorship and Joint Hindu Family Business
EXERCISES | Q III. 1. (a) | पृष्ठ ३१
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