write two merits of sole Proprietorship form of business organization.
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Answer:
*Quick decision making
*unlimited profit
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Merits of sole proprietorship organization.
Explanation:
- Sole Proprietorship is the business which is based and run by a single person.
- It is more like a private firm or business.
- There are more liabilities for the Sole Proprietorship because of the business and the Proprietorship they are the same.
- There are some merits for sole Proprietorship.
- 1. It is easy to built business and all the benefits are for one person who manages it.
- 2. One can easily change the setup whenever it is needed as he is not answerable to anyone.
Learn more about the merits of sole proprietorship.
What are the advantages of sole proprietorship
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