Advertisements
Advertisements
Question
From the following, identify the form of business organisation that generally has a limited area of operation due to limited finance availability and limited managerial abilities:
Options
Sole Proprietorship
Partnership Firm
Private Company
Public Company
MCQ
Solution
Sole Proprietorship
Explanation:
- A Sole Proprietorship is typically a small-scale business owned and managed by one person.
- It generally operates in a limited area due to restricted financial resources and the owner's limited managerial abilities.
- Unlike other forms of business, it does not have the advantage of shared resources or professional management.
shaalaa.com
Is there an error in this question or solution?
