Question

(a)
Identify two merits of sole proprietorship form of business organisation highlighted
above by quoting the lines.
B. Also explain three other merits of sole proprietorship​

Answer 1

Answer:

Well, it is a sole proprietorship. Also, it is the most common type of business structure found in India. In fact, all the businesses that you see around you, your local grocer, the chemist, the doctor are all probably sole proprietors. So, let us look at some features of a sole proprietorship.