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8
Economics
12th Grade
11/18/2008
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Term

Sole Proprietorship: Definition

 

 Definition
Term

owned/controlled by one person

 

 Definition
Term

Sole proprietorship:Characteristics

 

 Definition
Term

Most Common

Highest Risk of Failure

 

 Definition
Term

Sole Proprietorship:Advantages

 

 Definition
Term

*Requires small amounts of capital

*quick decision making and total control

*easy, few legal considerations

*receive all profits

*very satisfactory in businesses success 

 Definition
Term
Sole Proprietorship:Disdvantages
 Definition
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