Mr.Ashok and Mr.Babu were two sole proprietors’ doing similar business. They were competing each other and in order to attract customers towards them, they indulged themselves in reducing price of their commodity. Consequently, their profit margin reduced and gradually were facing loss. One fine day they met each other and decided to do the business jointly as a partnership firm with the intention of avoiding competition and earn more profit.
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Answer:
So What??
Explanation:
It is great that they realised it and started a partnership firm
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