Business Studies, asked by parulkushwaha2531, 1 month ago

Explain any four demerits of sole traing concern?

Answers

Answered by hemlatag6039

Answer:

Although sole trading concern has several advantages, its suffers from some drawbacks such as unlimited liability, lack of skill and effenciency, small amount of capital, uncertainly, less chance of expansion etc. The sole trader has unlimited liability.

Explanation:

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