0 votes
998 views
in Business Studies Form 2 by
State four advantages of partnerships over sole proprietorship.

1 Answer

0 votes
by
  1. A partnership may be able to raise more capital than a sole proprietorship.
  2. Sharing of ideas between partners produces better results as opposed to sole proprietorship where there is only one person to make all the decisions.
  3. In partnership losses are shared among partners when they occur while a sole proprietor breaks all losses alone.
  4. There is sharing of work among the partners make use of each others expertise as opposed to a sole proprietor who performs all the duties alone.
  5. In partnerships there is combining of talents, from the different partners as opposed to sole proprietorship.
Welcome to EasyElimu Questions and Answers, where you can ask questions and receive answers from other members of the community.

6.4k questions

9.6k answers

6 comments

590 users

...