Question

of the following forms of business organization which one is best suited in case where direct personal contact is required with the customers​

Answer 1

Forms of business

Explanation:

• For a food store, medical store, or internet cafe, a sole proprietorship will be more appropriate because:
• It is simple to form and close.
• It requires a limited amount of resources.
• If an entrepreneur launches a business as a sole proprietor, he will benefit from the following benefits.
• Benefits of Owning a Business as a Sole Proprietorship:
• Straightforward formation: Starting a sole proprietorship business is relatively simple.
• There are no legal requirements for starting a business, with the exception of obtaining a licence or approval in some situations.
• Such a firm can be started by an entrepreneur with initiative and a certain amount of capital.
• Direct motivation
• The entrepreneur owns everything and takes all the risks.
• As a result, the direct link between effort and reward encourages the entrepreneur to run his or her company more efficiently and successfully.