CUET Preparation Today
| Sole proprietorship form of a business is an ideal choice for starting a new venture, if: Identify the odd one out. |
Goods are of artistic nature or demands customized approach Market is local Quick decision - making is necessary Capital and managerial requirements are higher |
| Capital and managerial requirements are higher |
| Before opting for sole proprietorship, an entrepreneur should carefully compare and evaluate pros and cons of this form. Basically, this type of form is suitable when: 1. Capital requirement is limited 2. Confidentiality / secrecy is important 3. Market is local 4. Goods are of artistic nature or demands customized approach 5. Quick decision–making is necessary 6. Size of the venture is small. |
