Question

1. Ritika is a talented interior designer who has graduated from one of the best
universities in India. She plans to start heron business which is easy to establish and
where she can be her own boss.
a) Identify form of business which is most suitable for Ritika? Give reasons
b) List any four the characteristics of the form of business identified in the above
question.​

Answer 1

Answer:

a) Sole proprietorship ....because in sole proprietorship the boss is who that established the business..and it's easy to establish

b) Sole owner

quick decision

easy to establish

unlimited liabilities