meaning of business organization. All business organisations, be it small or large, irrespective of the ownership ownership structure has same features
DEFINITION OF BUSINESS ORGANIZATION
Business organisation can be defined enterprise set up by an individual or group of individuals, government or its agencies for the main purpose of making profit and providing goods and services for the satisfaction of human wants.
All business organisation, be it small or large, irrespective of the ownership ownership structure, have one thing in common provision of goods and services to me numerous needs of the people.7.4
TYPES OF BUSINESS ORGANIZATION
here are two major types or group business organizations. These are private enterprises and public enterprises.(a) Private enterprises: