To combine is simply to become one of the parts of a whole, and combination is merely a union of
persons, to make a whole or group for the prosecution of some common purpose. Who said this?
Haney
Banerjee (c) Fayol
Mayo
(a)
(b)
Answers
Answer:
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L.H. Haney defines a combination - " To combine is simply the parts of whole , and combination is merely a union of person , to make a whole or group for the prosecution of some common purpose."
Explanation:
Concept of business combination-
Business combinations are combinations shaped by two or more trade units , with a see to accomplishing certain common objectives ( uncommonly disposal of competition ) ; such combinations extending from looses combination through affiliations to speediest combinations through total unions.
Causes of business combination -
1.Wastefull combination - Combination , which is said to be the ' salt of trade' , by going as well distant gets to be really effective instrument for the beginning and development of commerce combinations.
2.Economies of Large-Scale Organization- Economies of large scale operations, thus became , a powerful force causing increased race for combinations.
3.Business cycles- Trade cycles , the interchange periods of boom and sadness , lead to trade combinations.