Outline the various forms of Business organizations.

4 years ago
Principle of Management

Ownership of business is represented by the right of an individual or a group of individuals to acquire legal title to assets for the purpose of controlling them and to enjoy gains or profits from such possession and use.

Definition of Business organization

A Business organization comes into existence when there are a number of persons in communication and relationship to each other and are willing to contribute towards a common objective. The classifications of Business Organizations are:

  • Sole proprietorship concern
  • Partnership concern
  • Joint Stock Companies
    • Private Limited Company
    • Public Limited Company
  • Co-operative societies
  • Non- Profit Organizations.
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Susmita Sah
Susmita Sah
Jan 13, 2022
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