Question

How do sole trading concerns help the consumers?

Answer 1

The creditors are entitled to have claim even on his private property. The sole-trader moulds the fate of the concern. It is the competence ...


Disadvantages of sole trading include that: you have unlimited liability for debts as there's no legal distinction between private and business assets. your capacity to raise capital is limited. all the responsibility for making day-to-day business decisions is yours.

Answer 2

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A sole trader plays the role of an owner as well as a manager. He caneasily maintain and develop personal and business relations with allconcerned parties like customers, suppliers, employees and government. Such sound personal and business relation helps for increasing the goodwill of the business.


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