Question

1. For which of the following types of business do you think a partnership firm of organization would be more suitable, and why?
(i) Grocery store (ii) Medical store (iii) Beauty

Answer 1

Answer:

grocery store:

For grocery store, a sole proprietorship firm is the best because: Here, the sole proprietor has complete freedom in making business decisions.

This kind of business can be started at any time

and any where with minimum legal formalities.

(b) Medical clinic: For a medical clinic, a sole proprietorship firm is best because:There is personal satisfaction involved in running medical clinic.

This involves rendering specialised service which

is possible only in sole proprietorship.

Answer 2

Answer:

1) GROCERY STORE :

THE SOLE PROPRIETOR HAS COMPLETE FREEDOM IN MAKING BUSINESS DECISIONS AND THIS BUSINESS CAN BE STARTED AT ANY TIME AND ANY WHERE WITH MINIMUM LEGAL FORMALITIES.

HOPE IT HELPS