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Guess how the business world would be, h...

Guess how the business world would be, had there been no advertisements.​

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The two friends , Soniya and Raman started a business by the name of Soniya Fancy Dress Shoppy . Both of them invested equal capital in the business . At the start of the business , Soniya had placed one condition before Raman that if unfortunately they suffered a heavy loss in their business , she would not be able to give anything except the capital invested in the business . Raman had accepted this condition on the terms and condition that Soniya would not enjoy the right to participate in the management of the firm . Their business was gradually growing well and they were fully satisfied with their business . (a) To what form of business organisation is concerned the above para ? (b) Identify and explain the type of the form of organisation identified in (a) .

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