Business Studies, asked by asharkl640720, 1 month ago

state the three characteristics of sole proprietorship .

Answers

Answered by hansikavie

5

Answer:

Characteristics of Sole Proprietorship:

Sole Proprietorship: The individual carries on business exclusively by and for himself. ...

Free from Legal Formalities: ...

Unlimited Liability: ...

Sole Management: ...

Secrecy: ...

Freedom regarding Selection of Business: ...

Proprietor and Proprietorship are One:

Answered by srivedhloka

1

Answer:

Sole Proprietorship: The individual carries on business exclusively by and for himself. ...

Free from Legal Formalities: ...

Unlimited Liability: ...

Sole Management: ...

Secrecy: ...

Freedom regarding Selection of Business: ...

Explanation:

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