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Forms of Business Organisation-1 — OCM STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceOCMForms of Business Organisation-13 Marks
Question
"Sole proprietorship is a training school of business" - Explain.
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Answer

  • Any person who wants to perform business activity he must have an experience and liability.
  • Initially with limited investment he should start proprietary firm managed by his oneself.
  • This business has less risk. He gains experience of business. $0$
  • He himself has to take decisions He can develop his decision making ability along with leadership quality because he has to guide his employees i to take work from them.
  • All this training leads him to be a competent industrialist in future.

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