List the merits of sole proprietorship.

1.	List the merits of sole proprietorship.
Answer» The merits of sole proprietorship are: 1. As the sole proprietor can get all the profits of the business, he is encouraged to work had for the efficient running of the business. 2. The sole proprietor is the master of his business. He need not consult and other persons, while taking decisions relating to business matters.

Answer»

The merits of sole proprietorship are:

1. As the sole proprietor can get all the profits of the business, he is encouraged to work had for the efficient running of the business.

2. The sole proprietor is the master of his business. He need not consult and other persons, while taking decisions relating to business matters.

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