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Q: What are examples of responsible purchase use and disposal of property by an individual and by business?
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There are several examples of how individuals and businesses specialize. For instance, some small business focus only on individual consumers rather than large corporations.


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The individual proprietorship or sore proprietorship is the oldest form of business organization. It is as old as the civilization itself. Historically, it appears that business started first with this form of organization. It is the simplest and natural type of organization.Sole proprietorship is also called individual proprietorship, or one man business. Sole proprietorship is a form of business organization in which an individual introduces his own capita), uses his own skill and intelligence in the management of its affairs, assumes all the risks of business and is solely responsible for the results of its operations. He, thus, owns all and risks all. The business is exclusively in the hands of an individual. Most of the bakery, hardware stores, service stations, barbers shop, doctor's clinic, service stations, beauty parlours, etc. are examples of sole proprietorship.


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