If the objective for the business organization is self help as well as mutual help. It is _____________ type of organisation.

Partnership

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Sole proprietorship

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Co-operative society

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Company

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Solution

The correct option is C Co-operative society
The basic principle of cooperation is inherent in the statement 'Each for all and all for each'. Members of co- operative help each other and voluntary join together with the motive of welfare of the members.

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For which of the following types of business, do you think a sole proprietorship form of organisation would be more suitable?

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