You belong to a middle class family, in order to increase your earning you want to start a provision store. As per your judgement which form of organisation is better for you and and what values will it serve?
Setting up of a provision store requires less capital and limited talent. Thus, sole proprietorship is suited most.
It also offers certain advantages which are as follows
(i) It is most easy to start and dissolve the business.
(ii) It ensures highest managerial motivation by enjoying the profit solely.
(iii) It is least regulated by law and the government.
(iv) Such form of organisation helps in establishing a personal contact with customers.
This will help in gaining monetary benefits, status in society and many more.