Skip to main content

Business Environment and Law- Forms of Organization-Introduction, Characteristics, and Forms of Business Organization

Business Environment and Law- Forms of Organization-Introduction, Characteristics, and Forms of Business Organization

Introduction (Forms of Organization): To understand forms of the organization first we have to understand business activities. Business activities basically consist of industrial and commercial activities. Industrial activities mean manufacturing of various products and commercial activities means trading of goods or providing services. Different types of business organizations undertake these activities. They can also be called Business Undertakings, enterprises, concern or firms.
Characteristics analysis can give us a better understanding of a business organization:
  1. Distinct Ownership: Ownership refers to the right on an individual or group of individual to acquire legal assets or properties for the purpose of running a business. A business firm may be owned by an individual as well as group of individuals jointly.
  2. Lawful Business: Every Business enterprises must undertake which is lawful that is business must not involve illegal activities.


Demos for CS Foundation subjects :
Takshila Learning offers online CS Foundation classes. We are a pioneer in CS online coaching classes. we have exceptional features of classes that distinguish us from other websites. We have the best of everything assembled together to deliver best results.

For a Free Demo call @ +91-88009-99280

Comments

Post a Comment

Thank you we will contact ASAP.

Popular posts from this blog

Why is Hindi Day celebrated on 14 September?

Why is Hindi Day celebrated on 14 September? After independence, the Government of India set a goal to give an ideal form to the mother tongue of the country and set a target for grammar and orthography using the Devanagari script to bring standardization in writing. Subsequently, on September 14, 1949, the Constituent Assembly decided by a vote that Hindi would be the official language of India. To propagate the importance of this decision and to spread Hindi in every region, India is celebrating Hindi Day every year from 1953 to 14 September, at the request of Rashtrabhasha Prachar Samiti, Wardha. Apart from this, 14 September is also the birthday of Rajendra Singh, who worked tirelessly to make Hindi the official language of India. Hindi Day is observed every year on 14 September to mark the importance of the Hindi language in the country. The Hindi language is one of the oldest languages, which derives most of its academic vocabulary from the Sanskrit language written in the Deva
Post a Comment
Read more

Magnetic and non-magnetic material Class 6 Science

Magnetic and non-magnetic material  Class 6 Science A magnet is a substance that is drawn to certain magnetic materials like iron, cobalt, and nickel. Magnets have the ability to draw iron to them. Natural magnets are rocks that naturally draw iron. Non-magnetic materials include things like wood, rubber, coins, feathers, leather, etc. that are not drawn to iron. Magnet characteristics It pulls magnetic materials, such as iron. The magnet's two ends are referred to as its poles. The magnet's diametrically opposed poles are drawn together. Heating, hammering, or dropping causes it to lose its characteristics. On the basis of properties types of Magnets Temporary magnets are those magnets that are magnetic for only a little duration. Typically, iron, cobalt, or nickel are used to make them. When they are close to the powerful magnet, they act like a magnet. When they are yanked away from the powerful magnet, they stop being magnetic. Permanent magnets are magnets that have magne
Post a Comment
Read more