buisness organization
Answers
Answer:
A business organization is an entity aimed at carrying on commercial enterprise by providing goods or services, to meet needs of the customers.
Explanation:
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Answer:
The term business organization describes how businesses are structured and how their structure helps them meet their goals. In general, businesses are designed to focus on either generating profit or improving society. When a business focuses on generating profits, it is known as a for-profit organization. When an organization focuses on improving the social good through the arts, education, health care, or some other area, it is known as a nonprofit (or not-for-profit) organization and is not typically referred to as a business.
There are different categories of business organizations that relate to how the business is established, owned, and operated
The basic categories of business organization are sole proprietorship, partnership, and corporation. Each type of business organization has benefits as well as disadvantages. For example, a sole proprietor of a small business is able to operate independently of much of the government regulation that affects larger businesses, but he or she is liable (responsible) for all financial risks of the business. Therefore, the owner of a small grocery store is able to keep all the profits for herself, but she is also liable for all of her business debts, even if she must repay a debt with her personal finances.
No matter how a business is organized, it takes on certain risks as it operates. One way to minimize risk is for a business to use its assets and investments wisely, whether these are equipment, knowledge, property, or relationships. The more efficiently a business uses its assets, the greater the chance that it will make a monetary profit.
The term business organization describes how businesses are structured and how their structure helps them meet their goals. In general, businesses are designed to focus on either generating profit or improving society. When a business focuses on generating profits, it is known as a for-profit organization. When an organization focuses on improving the social good through the arts, education, health care, or some other area, it is known as a nonprofit (or not-for-profit) organization and is not typically referred to as a business.
There are different categories of business organizations that relate to how the business is established, owned, and operated
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The basic categories of business organization are sole proprietorship, partnership, and corporation. Each type of business organization has benefits as well as disadvantages. For example, a sole proprietor of a small business is able to operate independently of much of the government regulation that affects larger businesses, but he or she is liable (responsible) for all financial risks of the business. Therefore, the owner of a small grocery store is able to keep all the profits for herself, but she is also liable for all of her business debts, even if she must repay a debt with her personal finances.
No matter how a business is organized, it takes on certain risks as it operates. One way to minimize risk is for a business to use its assets and investments wisely, whether these are equipment, knowledge, property, or relationships. The more efficiently a business uses its assets, the greater the chance that it will make a monetary profit.
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Business organization affects how a business is treated under the law
State and federal governments provide incentives and rules for every type of business organization. Profitability in industry helps a country’s economy grow, so governments generally support corporations by passing laws that protect investors from liability for the debt