Question

merits and demerits of sole trade​

Answer 1

Answer:

MERITS

Easy to start and dissolve

Motivation to work

Quick decisions

Independent control

Explanation:

DEMERITS

Sole proprietorship has limited capital

2. Sole proprietor only uses his ideas and innovation capacity. So there is limited managerial ability

3. Sole proprietor must work more to earn more profit. Higher profit generation is important. So, there is dull and monotonous wok.

4. Death of sole proprietor causes death of sole proprietorship.

5. There is no specialization in decision taking. So there can be chances of taking wrong decisions

6. There is low investment resulting in limited areas of operation.

Answer 2

Answer:

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