Question

through the sole proprietor suffers from various shortcomings, many enterprise opt for it. why​

Answer 1

Answer:

sole proprietorship requires less capital

suitable for providing customized small services

easy setup for a new entrepreneur to test his idea

Answer 2

Answer:

Though sole proprietorship suffers from various shortcomings, many entrepreneurs opt for this form of organisation because of its inherent advantages. It requires less amount of capital. It is best suited for businesses which are carried out on a small scale and where customers demand personalised services.

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