BUSINESS ORGANIZATION ---> is an individual or group of people that join forces or team up together to achieve certain commercial goals. Some business organizations are formed to earn income for owners.
Other business organizations (which are called NONPROFIT) ---> are formed for public purposes. These businesses often raise money and utilize other resources to provide or support public programs.
Business organization, an entity formed for the purpose of carrying on commercial enterprise. Such an organization is predicated on systems of law governing contract and exchange, property rights, and incorporation.
examples
The major types of business organization are as follows: Sole proprietorship. Partnership.
Answers & Comments
Answer:
BUSINESS ORGANIZATION ---> is an individual or group of people that join forces or team up together to achieve certain commercial goals. Some business organizations are formed to earn income for owners.
Other business organizations (which are called NONPROFIT) ---> are formed for public purposes. These businesses often raise money and utilize other resources to provide or support public programs.
Explanation:
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Answer:
Business organization, an entity formed for the purpose of carrying on commercial enterprise. Such an organization is predicated on systems of law governing contract and exchange, property rights, and incorporation.
examples
The major types of business organization are as follows: Sole proprietorship. Partnership.
...
Sole proprietorship. ...
Partnership. ...
Corporation. ...
Limited liability company. ...
Cooperative.
Explanation:
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