Question

Which methods of Organisation of business existence in our country?

Answer 1

Explanation:

There are three main types of business organizations: sole proprietorship, partnership and corporation. A sole proprietorship is a business owned by one person. The advantages are: the owner keeps all the profits and makes all the decisions.

Answer 2

Answer:

There are three methods of Organisation of business existence in our country which are Individual Entrepreneur, partnership, Public Enterprise, Co-Operative Organisation and Joint-Stock Company.

Explanation:

• The individual entrepreneur business is run by a single person. In the partnership form of organisation there are two or more persons combine together to do business.
• In cooperative organisation the business is owned by the workers and they are all the owners of the business. The business is of two kinds Producers’ co-operation and the consumer's cooperation. In Public enterprise the Government, or a local body like a municipality or a Zila parishad, runs a business
• The Joint stock company is formed as a limited company with at least seven people involved for forming a joint stock company.

To know more about Individual entrepreneur

What motivates individuals to become entrepreneurs?

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