Mr. Varun wanted to start a bakery shop with limited money. What kind of business organization you would suggest him?

Sole proprietorship

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Partnership

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Corporation

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Solution

The correct option is C Sole proprietorship
A sole proprietorship is a business which is owned and managed by a single person. It consists of limited capital as there is only one person. Hence, it is a sole proprietorship form of business organization.

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Mr. Varun wanted to start a bakery shop with limited money. What kind of business organization you would suggest him?

The correct option is C Sole proprietorshipA sole proprietorship is a business which is owned and managed by a single person. It consists of limited capital as there is only one person. Hence, it is a sole proprietorship form of business organization.

The correct option is C Sole proprietorship
A sole proprietorship is a business which is owned and managed by a single person. It consists of limited capital as there is only one person. Hence, it is a sole proprietorship form of business organization.