Question

disadvantages or limitation of sole proprietorship
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Answer 1

Answer:

Some of the disadvantages of sole proprietorship are:-

1. Small Size 2. Limited Shelf Life 3. Lacks Professional Skills and Talent 4. See the Big Picture 5. Unlimited Liability

6. Growth Prospects. 7. Limitation of Management Skills 8. Limitation of Capital 8. Weak Bargaining Position 9. Limited Scope for Expansion 10. Risk of Wrong Decisions