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Type of company

Posted by Niladri Kumar 6 years, 4 months ago

CBSE > Class 11 > Business Studies

1 answers

Gaurav Seth 6 years, 4 months ago

Meaning
A business enterprise is an institutional arrangement to form any business activity.

Classification
On the basis of ownership business enterprises can broadly be classified into the following categories:

In case of CORPORATE FORM of private enterprises the identity of the enterprise is separate from that of the owner and in case of NON CORPORATE FORM, the identity of the enterprise is not different from that of its owners.

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