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Examples of this type of organisation is freelance Internet web page designer, mobile hairdresser, a gardener, a small retailer, electrician or a plumber
Advantages of this type of organisation, is that it is easy to set up and little capital is needed. The owner is the actual ?boss', makes all the decisions and gets to keep the profits. They get more of a personal relationship with their customers and a greater job satisfaction.
Disadvantages of this type of organisation, is that it has unlimited liability and the owner could lose their home and other personal possessions. Their prices may not be competitive such as corner shops as they cannot buy in as much bulk as bigger stores like Sainsbury's causing them to charge more for their products...
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