applied econ use tools and tecniques.pptx

THIS PROVIDES THE TYPES OF ORGANIZATION AND THEIR CHARACTERISTICS

1. PRINCIPLES,TOOLS AND TECHNIQUES A BUSINESS IS JUST A SMALL PORTION OF AN INDUSTRY. IT IS AN UNDERTAKING BY A PERSON OR A GROUP OF PERSONS WHO ARE PARTNERS OR OF STOCKHOLDERS who own a juridical entity known as a corporation.

2. TYPE OF Business organization Sole proprietorship This generally the simplest way to set up a business

3. partnership A partnership is an agreement in which two or more persons combine their resources in a business with a view to making profit. Two types of partnership The general partnership The limited partnership

4. corporation A corporation is a legal entity that is separate from its owner, the shareHolders .

5. cooperative A cooperative is an entity organized by people with similar needs to provide themselves with goods or services or to jointly use available resources to improve income.