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Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Planning3 Marks
Question
Give any four reasons, when a sole proprietorship form should be adopted.
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Answer

Sole proprietorship form should be adopted when:
  1. Capital requirement is limited.
  2. Market is local.
  3. Confidentiality or secrecy in business is required.
  4. Quick decision-making is necessary.

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