Asked/Added Questions From NCERT:

Question 1. Asked on :05 October 2020:06:50:34 PM

Write the Characteristics of Ideal Business Organisation?

-Added by Rohit Rajput Business Study » Business Environment


Rohit Rajput
Before selecting any form of business organisation, one must consider the following factors:

(i) Easy Formation: Its formation must not invole much logal formalities. It must consume less time.

(ii) liability of Owner: It can be limited or unlimited, Limited liability is more preffered from risk view point.

(iii) Continuity and Stability: This is essential as its enables the businessman to make long terms plans for his business.

(iv) Capital Adequancy: Business form must ensure raising of adequate amount of capitals at most reasonable cost.

(v) Flexbility of operations: Business mustbe flexible enough to adjust it self to changes taking place in its environment.

(vi)Relationship between ownership control and management : For eficient management, the controll and managementof firm must be the hands of the owners.

(vii) Lawful Business: Every business enterprise must undertake such business.

-Answered by Rohit Rajput On 05 October 2020:06:52:48 PM(20840Average Rating Based on rating)


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