Title 1.5 Business Organisation, Types.pdf ✅

Business Organizations • A business is an enterprise which distributes or provides services where other members of the community need and are able and willing to pay for it • to carry out any business and achieve its objective of earning profit it is required to bring together all the resources and put them into action in a systematic way, and coordinate and control these activities properly. This arrangement is known as business organisation

Types of Business Organizations • Sole Proprietorships(S.P) • Partnership (PF) • Joint Hindu Family • Co-operative Society • Joint Stock Company • Public sector Untertakings