OMTEX CLASSES: Sole Trading Concern is convenient and suitable when the market of goods is local.

Sole Trading Concern is convenient and suitable when the market of goods is local.

 This statement is true.

i. A sole trader operates in a local market. He deals in goods which are local in nature.

ii. Therefore, he finds it easier to manage with limited capital and ability.


iii. Thus, a sole Trading Concern is convenient and suitable when the market of goods is local.