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प्रश्न
Justify the following statement.
Sole proprietorship is useful for small business.
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.
APPEARS IN
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 _____________
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.
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.
Justify the following statement.
Liability of a ‘Sole trader’ is Unlimited.
Attempt the following:
Explain the features of Sole Trading Concern.
Give one word/phrase/term.
The members of the Joint Hindu Family firm.
