Gagan runs a garments shop in a mall. Two years back he had taken a loan of Rs. 20 lakhs from HDFC Bank for the renovation of his shop. However, due to his poor health for the past one year his earning has reduced considerably as he is not able to devote sufficient time to the business. He now plans to sell off his shop.
In context of the above case:
a. Identify the limitation of sole proprietorship form of business organization being discussed above.
b. Describe briefly any three other limitations on the same form of business organization.
Answers
Answered by
2
Answer:
Gagan runs a garment shop in a mall. Two years back he has taken a loan of Rs. 20 lakh from HDFC bank for the renovation of his shop. However due to his poor health for the past one year his earnings have reduced considerably as he is not able to devote sufficient time to the business. Now he plans to sell off his shop. a. Identify the limitation of sole proprietorship firm being discussed above. b. Explain any 4 other limitations of the same form of business organization.
Answered by
0
Answer:
not able to understand this question
Similar questions