Radhika Priya Dasi opened a boutique along with four workers . No problem of any type was faced in opening the boutique . At her boutique special dresses made for marriages and parties are sold . Despite there being a lot of competition in the market , the boutique was earning a good profit . Since all the profit went into her pocket , Radhika Priya Dasi was increased from 4 to 6 by her . All of them were happy since the business was running successfully . Unfortunately , one day the boutique caught fire due to a short circuit . Consequently , Radhika Priya Dasi had to suffer a heavy loss . The circumstances deteriorated so much that she had to dispose off her personal properties to repay the boutique's debts.
In order to revive the boutique, she approached a bank which did not extend a long-term loan to her .
(a) Identify the form of business organisation discussed in the above para .
(b) Explain any three merits of the form of business organisation identified in (a) by quoting the lines from the above para .
(c) Also explain any two limitations of the form of business organisation identified in (a) by quoting the lines from the above para .