Describe the various types of business organisation.
Answers
Merchandising Business. ...
Manufacturing Business. ...
Hybrid Business. ...
Sole Proprietorship. ...
Partnership. ...
Corporation. ...
Limited Liability Company.
Answer:
Forms of business organization
Under private sector
proprietorship business
A business owned managed and controlled by a single individual is known as sole proprietorship.
2.partnership business
It is an association of two or more number of persons who agree to jointly pursue business activities.
3. Joint Hindu family business
A business which is owned by the members of a joint Hindu family is called Joint Hindu family business.Also known as Hindu undivided family business.
4. cooperatives
Voluntary association of persons who join together with the motive of welfare of the members are known as cooperative societies.
5. Joint stock companies
It is an incorporated association of persons having separate legal existence, perpetual succession having common seal as official signature.
under public sector
1. Departmental undertakings
it is a form of public sector organization established as departments of ministry.
2. public/statutory corporation
It is a form of public sector organization established by a special Act of Parliament and state legislature.
3. Government company
It is a form of public sector organization registered and governed by the provisions of Indian companies Act 2013.
other forms of business organization
1.Joint ventures
Organizations formed by agreements between two or more business to join together for a common purpose and mutual benefit is Known as joint ventures
2.Multi National companies(MNC)/ global enterprises
Organizations which have their headquarters in one country and business operations in other countries are known as MNCs.
Explanation:
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