What is the disadvantage of a sole proprietorship?

Limited resources

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Solution

The correct option is A
Limited resources

A sole proprietorship has limited resources, where his/her personal earnings and borrowings from others are used. Banks and other financial institutions may hesitate to extend a hand to a sole proprietor.

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Similar questions

Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organisation. Why ?

Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organisation. Explain.

"Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organisation? Explain

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