Question

Briefly explain the advantages and disadvantages
of Sole Trading concern​

Answer 1

Answer:

advantage of sole trading

Explanation:

a sole trader enjoy the following advantage

1) easy formation

2) personal contact

3)cube decision

4) secrecy

5)economy

6) loan facility

disadvantage and demerits of sole trader

1) uncertain life

2)unlimited liability

3)low profit

4)limited resources

5)lack of specialisation

6)secrecy created suspicion