Business Organizations and Business Laws
Upon completion of this chapter, you should be able to:
- Explain the different forms of organizations.
- Analyse the various factors that determine the choice of the form of buisness.
- Discuss the business laws that are prevalent in India.
A business enterprise can be owned and organized in various forms. Every entrepreneur has to decide on the form of business organization. Business organization refers to all necessary arrangements required to conduct a business. Each form has its own advantages and disadvantages. The choice of the form of business is governed by several interrelated and independent factors such as the nature of the business, scale of operations, ...