The following points are taken into consideration while selecting a form of business organisation: 1. Easy in Formation 2. Easy in Raising Finance 3. Extent of Liability 4. Flexibility of Operation 5. Stability and Continuity 6. Secrecy 7. Government Regulations 8. Tax Liability 9. Decision-Making Opportunities. Factor # 1. Easy in Formation: The primary consideration […]
Factors to Consider Before Selecting a Form of Business Organisation
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Top 2 Types of Business Organisation
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Following are the main types of business organisations: A. Private Sector B. Public Sector (State Ownership and Control) C. Joint Sector. A. Private Sector Organisations: 1. Private Companies (Individual Ownership): As the name suggests, such type of business is owned by one man. The businessman invests capital, employs labour and machines. This is the oldest […]
Importance of Management for every Business Organisation
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Importance of management for every business organization are: 1. Management helps in Achieving Group Goals 2. Management Increases Efficiency 3. Management Creates a Dynamic Organisation 4. Management helps in Achieving Personal Objectives 5. Management helps in the Development of the Society. (more…)