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Question 1. Asked on :23 August 2020:12:40:52 PM

 what are the possess of business organization?

-Added by Jyoti Srivastva Business Study » Forms Of Business Organizations


Jyoti Srivastva
Every business organization possess the following characteristics :

(i) Distinct ownership: Business firm can be owned by an indivied or group of individuals jointly . 

(ii) Separate Status and Management: Every firm is a separate and an independent identity and no one can be accounted for any other's functioning.

(iii) Continutity in operations: Operations of every firm are carried on a continuous basis.

(iv) Lawful business: Business firms must carry on lawful business activities.

(v) Dealing in goods and services: Every firm is engaged either in production or distribution of goods and serices.

(vi) Rick involvement: Business involves rick and uncertainty due to uncertain future decisions.

-Answered by Jyoti Srivastva On 23 August 2020:12:43:35 PM(20226Average Rating Based on rating)


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