Question

21. Nitin a tailor by profession was
working in a famous boutique in kamla
Nager, He was a skilled worker having ten
years of experience. He had savings of 5
lakhs.
He finally decided that he would start his
own boutique. He rented a shop in Rajouri
Garden, Delhi. He was not sure about his
venture as now he would not have any
security of income. But soon he started
getting lot of work due to his efficiency and
his profit increased.
1) Which type of economic activity was
Nitin undertaking when he was working in a
boutique?
2) Which form of business organization did
he opt for later?
3) Explain any three merits of the form of
organization he opted. * (T)
(5 Points)​

Answer 1

Answer:

1)tailor

2) boutique

3)it is a best business

Explanation:

he can know very well abot boutique and he can do it