You are a business consultant. Mr. Kumar has recently retired from government service. He wants to setup a factory in order to manufacture plastic goods. He has come to consult you so that you may suggest to him a suitable for of business organization. The following are his main expectations from the business organization:
a]Easy of formation
b]Flexibility in operation
c]Sharing of profit with limited persons
d]Sufficient person to look after various business activities
Which form of business will you suggest to Mr. Kumar and why?
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Answer:
Partnership is the answer.
Explanation:
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