What are the classifications of business?
Sole/ Single Proprietorship- form of organization wherein there is only in a business. - oldest form of business organization.
a business owned and operated by 2 or more persons who bind themselves
to contribute money, property or industry to a common fund with the
intention of dividing the profits among themselves.
Corporation-the most common form of business organization, and one which is chartered by a state and given many legal rights as an entity separate from its owners. This form of business is characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern.
is a business organization owned and operated by a group of individuals
for their mutual benefit. Cooperatives are defined by the
International Co-operative Alliance's Statement on the Co-operative
Identity as autonomous associations of persons united voluntarily to
meet their common economic, social, and cultural needs and aspirations
through jointly-owned and democratically-controlled enterprises.
i hope this answer hits the mark.
Nov 10, 2010 |
Computers & Internet