Question

write any four features of sole trade..​

Answer 1

Answer:

features of a sole trader business can be pointed as follows:

Simple and Easy to form,

Individual Owner, '

Manager and Controller,

Responsible for his own liabilities,

Answer 2

Explanation:

1.self employment: any unemployed person can start his business with small capitals and earn money

2 unlimited liability:sole trader has unlimited liability there is no distinction between personal property and business property

3.local market operations: a sole trader has limited capitals and managerial ability hence he operates in local market

4 individual ownership: there is only one owner in sole trading concern he owns all assets of business