Manager Finance Question:
Explain advantages of proprietary firms?
Answer:
Advantages of proprietary firms:
★ Easy Formation
★ Better Control
★ Quick Decision Making
★ Flexibility in Operations
★ Personal attention to customer needs
★ Creation of Employment
★ Equal Distribution of Wealth
★ No Legal Formalities required
★ Easy Formation
★ Better Control
★ Quick Decision Making
★ Flexibility in Operations
★ Personal attention to customer needs
★ Creation of Employment
★ Equal Distribution of Wealth
★ No Legal Formalities required
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