COMMERCE & MANAGEMENT

1.  Dr LAL WILSON,
 HEAD- RESEARCH,
 Department of commerce,
 N.M.C.COLLEGE,
 Kanyakumari District.

3.  A SIMPLE FORM OF BUSINESS
 MEANING- A PERSON WHO OWNS AND
OPERATES A BUSINESS ALONE.
 DERIVED – FROM TWO WORDS
 “SOLE” means “one” or “only”
 “proprietor” means “ owner”

4.  SINGLE OWNERSHIP
 OLD &SIMPLE
 OWN CAPITAL
 EASY TO FORM
 UNLIMITED LIABILITY
 SECRECY MAINTAINED
 PROFIT MONOPOLY
 AREA OF OPERATION LIMITED
 SOLE CONTROL

5.  Easy to form Easy to raise finance
 Flexibility Easy to maintain secrecy
 Quick Decision Enjoy Freedom
 Direct motivation Easy to control
 Low cost Enjoy all benefits
 Socially desirable Social benifits

6.  One Man Show One Man Bears All Risk
 Limited Resources Limited Managerial Skill
 Unlimited Liability Uncertainity of duration
 Lack of growth Lack of continuity

12.  7 Partnership must be a legal business.
 8 A Partner can act as a principal and an
agent.( Dual role)
 9 Every partner has unlimited liability.
 10 A Partnership is created upon mutual trust
and confidence.

27.  Dr LAL WILSON
 drpvlal@gmail.com
 9097 443322