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Which form of business is suitable for following types of business and why?
1. Beauty parlour
2. Small retail outlet
3. Hotels
4. Shopping malls
5. Medium size trading concern.

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1. Sole proprietorship as it requires personal touch.
2. Sole proprietorship as less capital is involved.
3. Private company as it requires more capital and managerial skill.
4. Public company as huge capital outlay is needed.
5. Partnership as it requires involvement of more persons.

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