Que 34 One of the
of Inter-firm comparison
is the difference in the nature and size of the member
firms that make its operation difficult.
1. objective
7. limitation
3. advantage
4. scope
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The objective of each firm decides the nature and size of the firm.
- A sole proprietorship is a one-man show. It is a small business owned managed and controlled by a single individual.
- A partnership consists minimum of two members. it operates on a large scale as compared to a sole proprietorship.
- A big firm or an MNCs consist of a lot of people at different levels. each department has a separate head. the most important decision one takes by top-level management.
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