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Mrs. Rita has her own beauty parlour at the Cross Street road. Which form of business organisation is most suitable for her?
  • a)
    Partnership
  • b)
    Sole Proprietorship
  • c)
    Joint Stock Company
  • d)
    Cooperative Society
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Mrs. Rita has her own beauty parlour at the Cross Street road. Which f...
Sole proprietorship is the best option for her, as it requires personal touch for the business to grow. 
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Most Upvoted Answer
Mrs. Rita has her own beauty parlour at the Cross Street road. Which f...
Correct answer is Option 'b'. As Ritu has her own BEAUTY parlour so she should choose or continue with sole proprietorship only as this business can help her achieve lot of success. As the sole owner she can take decisions very quickly. The profit or loss depends on her own hardwork.Therefore , sole proprietorship is the best form of business organisation if she wants full control over her decisions.
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Mrs. Rita has her own beauty parlour at the Cross Street road. Which form of business organisation is most suitable for her?a)Partnershipb)Sole Proprietorshipc)Joint Stock Companyd)Cooperative SocietyCorrect answer is option 'B'. Can you explain this answer?
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