Question

 

 Discuss the forms of business organisation.

16 Nov 2025
Answer :
Word Count : 494
Business organisation refers to the way in which a business is structured and managed to carry out its activities effectively. The choice of business organisation depends on factors such as the nature of the business, capital requirements, liability, control, and the number of owners. There are several forms of business organisation, each with its own advantages and limitations. One of the simplest and most common forms is the sole proprietorship. In this type, a single individual owns, manages, and controls the business. The proprietor bears all profits and losses and enjoys full decision-making authority. This form is easy _____ _________ ______ _______ ______ _________ _________ ______.
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