which form of organisation is owned controlled by a single owner
Answers
Answered by
1
Answer:
sole proprietorship
eg : small grocery, small art studio
Answered by
0
The organisation owned by single owner is called sole proprietorship.
Explanation:
- In this ownership, the owner and the business entity has no legal difference. The owner gains all the profits as well as all the losses from the business. In this, the owner creates a trademark to make his/her company to market his/her brand. This is one of the four types of ownership.
- When the employees of type of ownership is involved in decision-making, the suggestion are considered as recommendation. The sole proprietors are held responsible for all the financial and legal burdens.
To know more
what do you understand by sole proprietorship? outline the features ...
https://brainly.in/question/10717987
Similar questions