Download App

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

Gujarat BoardEnglish MediumSTD 11 CommerceOCMForms of Business Organisation-12 Marks
Question
Why did partnership firm come into existence?
✓

Answer

  • Sole proprietorship has many limitations such as huge capital for expansion of business, limitations of efficient administration and limitation of taking risk. To remove these limitations partnership firm came into existence.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "2 Marks Each" from Forms of Business Organisation-1→Forms of Business Organisation-1 — all question types→OCM STD 11 Commerce question papers→Gujarat Board STD 11 Commerce question papers→Gujarat Board question paper generator→

Similar questions

What is called sweat equity share ?
→
Explain the type of godown (warehouse ) in brief.
→
How can balanced regional development be achieved through public sector enterprise ?
→
Give information regarding $IFSC$ Code.
→
What is Mate receipt ?
→
What type of process communication is among the people?
→
In which matters sole proprietorship form is not competent?
→
Explain the types of retail trade using a chart
→
Which points do global enterprises consider when they expand their activities in the concerned country ?
→
What is value payable post ? $(VPP )$
→