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Write a Word Or a Phrase Or a Term Which Can Substitute the Following. the Commercial Organization Which Has Maximum Secrecy. - Organisation of Commerce and Management

Question

Write a word or a phrase or a term which can substitute the following.
The commercial organization which has maximum secrecy.

One Line Answer

One Word/Term Answer

Solution

The commercial organisation which has maximum secrecy- Sole proprietorship.
Explanation:
A sole trading concern ensures maximum business secrecy. All the information related to the business remains with the owner and it is up to him whether he wants to share the information with others or not. So, others cannot take undue advantage.

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Comparison of Different Forms of Business Organization

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Chapter 1: Forms of Business Organisations - Write a word or a phrase [Page 38]