Objectives:
1.
To
understand the meaning and characteristics of partnership firm.
2.
To
understand types of partnership and types of partners
3.
To
understand the merits and limitations of partnership organisation.
The sole partnership has inherent strengths
and weaknesses. It has’ serious limitations such as lack of adequate finance,
and managerial capability, particularly when the business expands. The
expansion of business thus, requires more capital and requires more managerial
ability....
SOLE PROPRIETORSHIP
What is Sole Proprietorship? Its meaning and definition..
Meaning of Sole Proprietorship
The sole
proprietorship is a form of business organisation that is owned and
controlled by a single individual. He may manage the business by himself or may
get the assistance of others such as a consultant, manager, other employees
etc. The crux of his form of organisation is that there is a complete fusion of
ownership and management in the hands of...
TYPES OF BUSINESS ORGANIZATION
To understand the meaning and types of business organizations
Here we understand the factors to be considered in selecting a suitable form of
business organization
The activities of production and distribution of goods
and services are carried out by various organizations in the country. These
organizations may be owned either by a single person or a group of persons. The
owner enjoys the right of possessing business...
