Distuinguish between organization, firm, and, company
Subject Commerce
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Answer:
Given that,
Consider,
can be rewritten as
Alternative Method : 02
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can be rewritten as
Now, Consider
Hence,
Alternative Method :- 03
Given that,
can be rewritten as
Now, Consider
Hence,
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- A company is called a firm when it is a partnership of two or more persons.
- An organization is an organized group of people with a particular purpose, such as a business or government department.
- A corporation is a large company or group of companies authorized to act as a single entity and recognized as such in law.
- An organization can be a part of a corporation.
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