Question

If you get an opportunity to start your own business, which form of business organisation

would you choose. Justify your answer explaining the merits and demerits of different

forms of business organisation.
​

Answer 1

Answer:

selecting the form of business organisation, depends on the size of the business, capital of the business, members in the business etc.

Thus, we cannot decide the form of business without looking on these factors.

there are five forms of business organisation

1. Sole Proprietorship

2. Partnership

3. Hindu Undivided

4. Joint stock company

5. Corporate Society

You can write the merits and demerits of the above forms from the your book or can refer to NCERT.

Hope this helps you

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