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  • Sole Trading

    Загружено:

    venkynaidu
    25 просмотров15 страниц
    This document defines and describes the key features of a sole trading concern, which is a type of business owned and run by a single individual. It notes that sole traders have easy formation, self-management and control, unlimited liability, and do not have legal status or stability. Advantages include flexibility and business secrecy, while disadvantages are unlimited liability, lack of legal status, and limited management skills. Successful sole traders increase sales through good customer relations and responding to consumer demand.

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    sole trade

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    This document defines and describes the key features of a sole trading concern, which is a type of business owned and run by a single individual. It notes that sole traders have easy formation, self-management and control, unlimited liability, and do not have legal status or stability. Advantages include flexibility and business secrecy, while disadvantages are unlimited liability, lack of legal status, and limited management skills. Successful sole traders increase sales through good customer relations and responding to consumer demand.

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    © All Rights Reserved
    Скачайте в формате PPT, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    25 просмотров15 страниц

    Sole Trading

    Загружено:

    venkynaidu
    This document defines and describes the key features of a sole trading concern, which is a type of business owned and run by a single individual. It notes that sole traders have easy formation, self-management and control, unlimited liability, and do not have legal status or stability. Advantages include flexibility and business secrecy, while disadvantages are unlimited liability, lack of legal status, and limited management skills. Successful sole traders increase sales through good customer relations and responding to consumer demand.

    Авторское право:

    © All Rights Reserved
    Скачайте в формате PPT, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 15

    THE SOLE TRADING

    CONCERN

    DEFINITION

    It is a type
    ofbusiness
    entitywhich is
    owned and run by
    one individual and
    where there is no
    legal distinction
    between the owner
    and the business.

    FEATURES OF SOLE
    OWNERSHIP
    EASY FORMATION
    SELF MANAGEMENT & CONTROL
    SELF CAPITAL
    UNLIMITED LIABILITY
    NO SHARING OF PROFITS & LOSSES
    NO LEGAL STATUS
    NO STABILITY
    NO GOVERNMENT RULES &REGULATIONS

    EASY FORMATION & SELF


    ADMINISTRATION

    ITS FORMATION IS QUITE EASY


    IT INVOLVES COMPLETE MANAGEMENT
    AND CONTROL BY THE SOLE TRADER

    SELF CAPITAL AND UNLIMITED


    LIABILITY

    THE SOLE TRADER


    INVESTS THE ENTIRE
    CAPITAL ON ITS OWN

    HE HAS UNLIMITED
    BORROWING
    CAPACITY FROM
    BANKS AND
    FINANCIAL
    INSTITUTIONS

    NO LEGAL STATUS & NO


    SHARING OF PROFITS AND
    LOSSES
    THE SOLE TRADING
    CONCERN DOES NOT
    HAVE ANY
    INDEPENDENT LEGAL
    STATUS

    HE OWNS ALL THE


    PROFITS OF THE
    BUSINESS AS WELL AS
    BEARS ALL LOSSES

    NO STABILITY & NO
    GOVERNMENT RULES

    THE STABILITY OF THE


    FIRM DEPENDS ON THE
    LIFE OF THE SOLE TRADER

    NO STATUARY RULES ARE


    APPLIED IN THE
    FORMATION OF SOLE
    TRADING CONCERN BUT IT
    HAS TO OBSERVE CERTAIN
    LICENSE RULES

    THE ADVANTAGES AND


    DIS-ADVANTAGES

    MERITS &DE-MERITS

    EASE IN FORMATION
    FLEXIBILITY IN
    OPERATIONS
    BUSINESS SECRECY
    BETTER CUSTOMER
    RELATIONS

    NO LEGAL STATUS
    NO STABILITY
    UNLIMITED LIABILITY
    LIMITED
    MANEGERIAL SKILLS

    THE SOLE TRADER IS WITH HIS IDEAS TRIES


    TO INCREASE SALE AND PROFITS & TRIES TO
    BOOST UP THE MARKET STRUCTURE

    SOLE TRADER BUSINESS

    THE SOLE TRADING


    BUSINESS WORKS
    ON CONSUMERS
    DEMAND FOR GOODS

    BETTER CUSTOMER
    RELATION ALSO
    INCREASES HIS
    SALES

    DHIRUBHAI AMBANI
    THE SUCESSFUL SOLE TRADER
    STATED THE
    WORDS:
    IDEAS ARE NO
    ONES MONOPOLY

    DHIRUBHAI AMBANI

    A MAN WITH THE UNCOMMON CAPACITY OF


    SEEING BEYOND THE FUTURE

    MR. HIMANSHU
    RAJGURU

    THE UPCOMING
    SOLE
    ENTERPRENEUR

    THANK YOU

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