‘‘Partnership is superior to sole-proprietor’’. Explain it by giving three reasons.
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partnership is superior to sole -proprietor because
1, in partnership capital formation is faster as compared to sole trader since in partnership more people r there .
2,Bridging the Gap in Expertise and Knowledge since there r more people as compared to sole trader where only one person is there
3. Cost Savings
Having a business partner would allow you to share the financial burden for expenses and capital expenditures needed to run the business. This could result in more substantial savings than by going it alone.
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