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Business Studies

Promotion of a Company

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Question

Write a word or a term or a phrase which can substitute the following statement.
The person who initiates scheme of formation of company.

A

Investor

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B

Promoter

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C

Shareholder

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D

Proprietor

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Solution

The correct option is A Promoter
A promoter is a person who does the preliminary work incidental to the formation of a company, including its promotion, incorporation, and flotation, and solicits people to invest money in the company, usually when it is being formed.

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