Question

1. Define sole trading concern. Explain its features. Explain its merits and demerits .
2. Define statutory corporation. Explain its features. Explain its merits and demerits.
3. Define business environment. Explain its importance.​

Answer 1

Answer:

I think its exam question so you must answer your self

Answer 2

Step By Step Solution

'Business Environment'

The word 'Business Environment' demonstrates the total complete surprisingly, associations and different powers that are outside the force of industry however that may influence its creation.  Consequently, the monetary, social, legislative, innovative and various powers which work outside a venture are important for its current circumstance. The individual clients or confronting undertakings just as the administration, client gatherings, rivals, media, courts and different foundations working external a venture include its current circumstance.

Importance of Business Environment:

Business activities don't get by in constrainment. Each undertaking isn't an island to itself; it stays alive, suffers and creates inside the conditions of the part and powers of its circumstance. While an individual undertaking can do moment to change or deal with these powers, it must choose between limited options to responding or altering as per them. Great information on the climate by business supervisors permits them not exclusively to perceive and evaluate yet in addition to react to the powers outside to their ventures. The meaning of the business climate.