Question

Sole Proprietorship business is suitable for _________.

• A. Artistic work
• B. Personalized services
• C. Perishable goods that are sold in local markets
• D. All of the above

Answer 1

The correct option is D All of the above

In sole proprietorship type of business a single individual takes all the initiatives and runs the business. 'Sole' means singe and 'proprietorship' means ownership. The business organization in which the single owner owns, manages and controls all the activities of the business is known as sole proprietorship form of business organization. Sole Proprietorship business is suitable for:

a) Artistic work

b) Personalized services

c) Perishable goods that are sold in local markets.