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
Purpose of Business Organizations • People need to work together to accomplish goals • Goals/Objectives are too large, too complex, too expensive to be achieved without co-operation. • By working together, people can produce more & better goods and services.