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Explain the forms of business enterprises …

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Explain the forms of business enterprises under private sector

Posted by Shivi Sisodia 4 years, 4 months ago

CBSE > Class 11 > Business Studies

1 answers

Gaurav Seth 4 years, 4 months ago

Sole Proprietorship: Sole proprietorship refers to a form of business organization which is owned, managed and controlled by an individual who is the recipient of all profits and bearer of all risks.
Hindu Undivided Family Business: It refers to a form of organization wherein the business is owned and carried by the members of the Hindu Undivided Family (HUF).
Partnership: Partnership is the relation between persons who have agreed to share the profit of the business carried on by all or any one of them acting for all.
Cooperative Society: Cooperative society is a voluntary association of persons, who join together with the motive of welfare of the members.
Joint Stock Company: A company is an association of persons formed for carrying out business activities and has a legal status independent of its members.
Multinational Corporations: An MNC is a company whose business operations extend beyond the country in which it has been incorporated.

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