01What does sole proprietorship mean?एकल स्वामित्व का अर्थ क्या है?
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Business Studies
Sole Proprietorship
In this Class 11 Business Studies topic from “Forms of Business Organisation,” students explore sole proprietorship as a business owned, managed, and controlled by one person. They learn how the proprietor takes decisions, arranges capital, receives profits, and bears unlimited liability for business debts. The topic examines its key features, merits such as quick decisions and close supervision, limitations including limited resources and continuity concerns, and the situations in which this form is suitable.
Medium · Level 1 · 1 questions