Question

Give advantages and disadvantages of soleproprietorship

Answer 1

Answer:

Advantages and Disadvantages of Sole Proprietorship – With Conclusion

Ease of Formation and Closure: ...

Simplicity of Operation and Flexible Management: ...

Sole Beneficiary of Profits: ...

Benefits of Small-Scale Operations: ...

Prompt Decisions: ...

Retaining Secrecy: ...

Social Desirability: ...

Tax Advantage: and many more ........

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Answer 2

Explanation:

DISADVANTAGES:

1. Limited Capital

2. Unlimited Liability

3. Limited Managerial Ability

4. Conservatism

5. Doubtful Continuity

6. Lack of Scale

7. Ease of Replication

8. Absence of Specialization.

ADVANTAGES:

1. easy to form

2. kick in the belly

3. full control

4. quick decisions

5. economical and efficient to operations

6. personal touch

7. keep the business simple, dynamic and flexible

8. keep the secrets close to heart

9. society gains as a whole.

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