Question

write the importance
merits of businiess orgainzation
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Answer 1

Answer:

Answer:To produce the goods and services, the business organization must coordinate and control all these factors of production. Production of goods and services is one of the important function of business which is concerned with inputs like men, machine etc. Manufacturing concerns are involved in the production of goods.

Answer:To produce the goods and services, the business organization must coordinate and control all these factors of production. Production of goods and services is one of the important function of business which is concerned with inputs like men, machine etc. Manufacturing concerns are involved in the production of goods.

Answer 2

●The advantages are: the owner keeps all the profits and makes all the decisions.

● personal liability and no possibility for business continuity.

● A partnership is a business owned by two or more people.

● The advantages are: shared costs, knowledge and expenses.

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