write 7 suitability on Sole Proprietorship.
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Easy to form: It is very easy and simple to form and organize a sole trader's business. ... Profit incentive: Sole trader enjoys all the profits for himself; This profit motive is an incentive to work hard. 4. Quick decisions: Since he is the sole organizer, he can take quick decisions.
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Small Capital
Lack of employees
Local market
Changing Fashion
Nearby Human Settlement
Less Scope of expansion
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