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Muskan Goyal 6 years, 6 months ago

Features 1.No separate legal entity 2.unlimited liability 3. Lack of continuity4. Independency decision 5.managed individual 6.risk bearing 7.No share profit and loss

Muskan Goyal 6 years, 6 months ago

Merits 1.maintaining secerts 2. Independency decision 3.done by single person 4.management individual

Muskan Goyal 6 years, 6 months ago

Sole properitorship- it is owned and managed by single individual and the no share profit and loss
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Yogita Ingle 6 years, 6 months ago

Common seal : The company being an artificial person acts through its Board of Directors. The Board of Directors enters into an agreement with others by indicating the company’s approval through a common seal.

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Arpita Bajpai 6 years, 6 months ago

It is act as sign when the company is act as a person itself.so for agreeing in any project or transaction ,company as an artificial person give permission by his seal "mohar".
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Sia ? 6 years, 6 months ago

Seismic risk

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Uzma Perwaiz 6 years, 7 months ago

Business is an economic activity carried on by a few or more individuals to produce, buy or sell goods and services that satisfy human needs and help in earning income. An idea for a business that includes basic information such as the service or product, the target demographic, and a unique selling proposition that gives a company an advantage over competitors. A business concept may involve a new product or simply a novel approach to marketing or delivering an existing product. Once a concept is developed, it is incorporated into a business plan. Business characteristics are:-- 1. Business is an economic activity 2. objective of earning money 3. production or procurement of goods and services 4. Sale or exchange of goods and services for the satisfaction of human needs 5. Dealing in goods and services on a regular basis 6. Earn profits 7. Uncertainty of return 8. Element of risk.
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Sanskar Tiwari 6 years, 6 months ago

Risk in business are : 1. Risk arrises due to uncertainity or uncertain events. 2. Risk is an essential element of every business. 3. The degree of risks depends upon nature and size of every business. 4. Profits is the reward of every business. 5. The degree of risk varies with time.

Jinderpal Verma 6 years, 7 months ago

Risks in business are as follows.. 1.fall in price. 2.reduction of the demands. 3.risks are also by natural calamities etc. 4.there is more rish in new business
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Sanskar Tiwari 6 years, 6 months ago

Risk is not an inheritent part of business but risk bearing is an essential and acquired part of any business.
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Sanskar Tiwari 6 years, 6 months ago

Those activities which provide an opportunity to work and earn living

Aditi Vyas 6 years, 7 months ago

Economic activities are those activities in which the motive is to earn money or profit.
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Sharmi Mandal 6 years, 7 months ago

Partnership is a kind of agreement between two or more people and later share profit & loss. But company is an association which registers with a group to spend money in a stock together and later share profit and loss. I hope it will help u!
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Chirag Saini 6 years, 7 months ago

Because there is less of legal formalities and no need of registeration
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Ishita Dhir 6 years, 7 months ago

Yes an activity can be economic activity in one situation and non economic in other situation. For eg doctor treating patients in hospital is an economic activity but at the same time the doctor treating his son is a non economic activity...

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