Question

What are the aims and objectives of a sole trader?

Answer 1

$\huge\mathfrak\green{Hello,}$

$\huge \underline{Answer:}$

Traders want to make money from changes in stock prices. As a sole trader, you trade strictly on your own behalf — you don't trade or invest for others. Making money is the ultimate goal, and some short-term steps can help make that happen.

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Regards,

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Answer 2

Answer:

Sole trader is also known as sole proprietor. The sole proprietorship is owned and controlled by one person.

The Aims are :

• To own and control the business itself.

• To own the whole amount of profit.

• for the personal touch and and personally contact with the customers and easy maintenance of the business.

Objective :

• As being sole trader there's a personal contact with the customers and by this providing better service to the customers.

• Money making is the ultimate goal.

• The ultimate goal of a sole trader is to run the business and try hard for earning the profit.