Business Studies

Businesses providing direct services like tailors, restaurants and professional services like doctors, lawyers are generally organized as _____________.


ANSWER

Proprietary concern


SOLUTION
These business are usually run at a smaller scale and hence are organised as proprietary business firms.
Trust can be called as a form of business wherein a trustee (an individual or a company) runs business for the benefit of the beneficiaries.
The cooperative society is a voluntary association of persons, who join together with the motive of welfare of the members. 
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