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Question:

What is a Sole Proprietorship? Explain its significance in small-scale businesses.

Answer:

A sole proprietorship is the simplest and most common form of business organization, where one individual owns, controls, and is responsible for the business's operations and liabilities. It is significant for small-scale businesses as it requires minimal formalities, offers direct decision-making, and allows the owner to retain all profits.


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  • 4 months ago

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  • Answered by Ekta Mehta
  • 4 months ago

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  • Answered by Ekta Mehta
  • 4 months ago

Taking Screenshots on your Samsung Galaxy M31s is very easy and quick.

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