What is an important benefit of legal registration for an entrepreneur?
Answer and explanation
Correct answer: उद्यम की पहचान और भरोसा मजबूत होता है
Legal registration gives an enterprise a formal identity and can make dealings with customers, suppliers, banks and authorities more credible. It may also provide access to particular schemes or facilities, subject to applicable rules. Registration does not remove taxes, eliminate customer needs or automatically improve product quality.
Frequently asked questions
What is the correct answer to this question?
उद्यम की पहचान और भरोसा मजबूत होता है
Why is this the correct answer?
Legal registration gives an enterprise a formal identity and can make dealings with customers, suppliers, banks and authorities more credible. It may also provide access to particular schemes or facilities, subject to applicable rules. Registration does not remove taxes, eliminate customer needs or automatically improve product quality.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Formation of a Company. Topic: Incorporation Stage.
