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Login‘‘Partnership is superior to sole-proprietor’’. Explain it by giving three reasons.
Business Studies Secondary School in Business Studies 1 year ago
partnership is superior to SOLE -proprietor because1, in partnership capital formation is FASTER as compared to sole trader since in partnership more people r there . 2,BRIDGING the GAP in Expertise and Knowledge since there r more people as compared to sole trader where only one person is there3. Cost SavingsHaving a BUSINESS partner would allow you to share the financial burden for expenses and capital expenditures needed to run the business. This could result in more substantial savings than by going it alone.
Posted on 16 Jul 2024, this text provides information on Business Studies related to Secondary School in Business Studies. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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