BUSINESS ORGANISATIONS
Hey Everyone, Happy New Week. Happy FRIDAY to you all. Hope
this weekend brings you happiness and joy beyond your expectation. Let's get
started!!!!
Business
Organisation can be defined as an enterprise set up by an individual/group
of individuals, government or its agencies for the main purpose of making
profit and providing goods and services for the satisfaction of human wants. All
firms irrespective of their size is there to provide goods & services to
the customers.
TYPES OF BUSINESS
ORGANISATIONS:
1. PRIVATE ENTERPRISES
are the enterprises owned and managed by private individuals. This type of
business organisation is usually classified as a private sector enterprises and
examples are- Sole Proprietorship, Partnership, Private & Public Limited
Liability Company and Co-operative Societies. Their Major Aim is to Maximise
Profits.
CHARACTERISITICS OF PRIVATE
ENTERPRISES:
# Private Individuals provide the capital- Private Individuals
that owned the enterprises are the people
