what are the features of sole trading concern
?
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Features of Sole Trading Concern.
1.Minimum government.
2.Unlimited liability.
3.Freedom in Selection of Business.
4.Secrecy.
5.Single Ownership.
6.Direct contacts with Customers and Employees.
7.Suitable for some Special Business.
8.No sharing of profits and risks.
1.Minimum government.
2.Unlimited liability.
3.Freedom in Selection of Business.
4.Secrecy.
5.Single Ownership.
6.Direct contacts with Customers and Employees.
7.Suitable for some Special Business.
8.No sharing of profits and risks.
Answered by
0
Answer:
Single ownership: The sole trader is a single owner of the organization. ...
Unlimited liability: The liability of the sole trader is unlimited. ...
Minimum government control: Sole trading concern is less affected by government control. ...
Business secrecy: The sole trader can maintain complete business secrecy.
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