Forms of Business Organisation-1 — OCM STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceOCMForms of Business Organisation-13 Marks
Question
"In Sole Proprietary firm's secrets are maintained." Discuss.
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Answer
In Sole proprietorship only are person is the owner. All important work of business is done by the owner. He himself takes all decisions.
Entire business, including all business activities, is under his control so business secret is preserved. It is tough to preserve secret in partnership firm and company because owners are more and situation is different.
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