Forms of Commercial Organization - 12473 Words

DIFFERENT FORMS OF ORGANISATION SOLE TRADING CONCERN ââ€" ª Meaning ââ€" ª Features ââ€" ª Advantages ââ€" ª Disadvantages ââ€" ª Suitability PARTNERSHIP FIRM ââ€" ª Meaning ââ€" ª Features ââ€" ª Merits ââ€" ª Demerits ââ€" ª Kind of partnership firm ââ€" ª Types of partners ââ€" ª Partnership Deed JOINT HINDU FAMILY BUSINESS ââ€" ª Meaning ââ€" ª Features ââ€" ª Advantages ââ€" ª Disadvantages JOINT STOCK COMPANY ââ€" ª Meaning ââ€" ª Features ââ€" ª Advantages ââ€" ª Disadvantages ââ€" ª Management ââ€" ª Forms of companies ââ€" ª Features, Merits and Demerits of types of companies ââ€" ª Kinds of companies CO-OPERATIVE SOCIETY ââ€" ª Meaning ââ€" ª Features ââ€" ª Merits ââ€" ª Demerits ââ€" ª Rights ââ€" ª Duties ââ€" ª Powers functions ââ€" ª Suitability†¦show more content†¦4.Quick Decision The sole proprietor is his own boss and need not consult others while making any decision. He exercises exclusive control over the affairs of the business. Therefore, he can take quick decision and implement them without any delay. 5.Effective Control In this form of organisation, the business can be controlled effectively because business activities are planned and executed by a single man. Since all the decisions relating to purchase and sale are taken by the soletrader, he can effectively control the business if there is any deviation from the original plan. 6.Increase in Sales A sole trader has direct relationship with the customers. Direct contact with the customers will enable the proprietor to know the nature of their tastes, likes and dislikes. It enables him to make necessary changes in the quality and design of his products. It will boost his sales besides enhancing the reputation of the firm. 7.Inexpensive management The sole trader is the owner, manager and controller of the business. He does not appoint specialists for various functions. He personally supervises various activities and can avoid wastage in the business. In this way managerial expenses are reduced to a large extent. 8.Development of Personality Sole proprietorship facilitates the development of personal qualities like self-reliance,Show MoreRelatedThe Nature and Forms of Commercial Organization2883 Words   |  12 PagesCHAPTER 5 The Nature and forms of Commercial Organizations Commercial organizations may be classified into three (3) general classifications: 1. Private individual ownership 2. Public or government ownership 3. Mixed or both government and private ownership 1. Private Individuals Ownership Any form of business ownership may be organized and would have certain advantages and disadvantages which the business organizer must have to evaluate. According to Martinez, Abasolo, and CarlosRead MoreNon-Profit Organizations Essay923 Words   |  4 PagesIn today’s world there are hundreds of thousands of non-profit organizations (NPOs) established at the local, regional, national and international level, and their influence is increasing. Non-profit organizations even considered the third sector of the economy (the first two is the public and private, or commercial). It is believed that they have a special role in development of civil society. In those countries, which have largely shaped the system of legislative regulation of the sector (USA,Read MoreAnimal Cruelty : The American Society For The Prevention Of Cruelty1627 Words   |  7 PagesASPCA commercial. This song is known for being associated with sad and heartbreaking events, and paring it with animal cruelty wo uld release a surge of emotions in the audience, which is exactly what the creators of the ASPCA commercials were targeting. ASPCA (The American Society for the Prevention of Cruelty to Animals) is a non-profit organization created to receive monthly donations in order to save the lives of innocent animals being abused and neglected (ASPCA, 2014). The commercial is tryingRead MoreBusiness Environment Essay1380 Words   |  6 PagesIndividual Assignment Company Name: UK Commercial Property Trust Limited’s Date: 18/12/2012 Word Count: 1379 Outline The establishment of UK Commercial Property Trust happened in 2006 at St. Peter Port, in the Channel Islands (UK). Ignis Investment Services Limited runs and manages the company. The company invests in a portfolio of diversified, commercial properties in the United Kingdom through its subsidiaries. Its portfolio of commercial properties comprise of office, retail, andRead MoreGermany Is One Of The Most Advanced Economies In The World.1427 Words   |  6 Pagesan ambitious entrepreneur to establish their businesses. Below, we are going to delve into the processes of establishing various forms of companies in Germany, together with the costs that go along with them. The costs of opening a company in Germany consist of obligatory and consultancy costs. Obligatory costs include: †¢ Notary services. †¢ Registration in the commercial register. †¢ Registration in the chamber of commerce. †¢ Registration in the department on affairs of business. Read MoreProstitution : A Feminist Perspective1655 Words   |  7 PagesIntroduction Prostitution entails the practice of exchanging sex for financial gains or favors in the organization or the society. Many women are engaged in different forms of prostitution so as to earn money, or get favors such as promotions at the workplace. Financial prostitution is a controversial topic that is legal in countries such as the Netherlands, and illegal in countries like the United States (Robert, 2014). Radical feminism strongly opposes prostitution because it dehumanizes or degradesRead MoreA Business Building Essay1582 Words   |  7 PagesRegistration of a company in Germany is a simple process, although before opening a business in Germany, you must consider the following: Whether to start a new company or buy an existing company. Which form of property will be suited for the new company? How to make authorized capital. The number of the founders and the distribution of shares among them. Check the company name in the register of business. VerificationRead MoreCreativity Makes Advertising Effective Essay1631 Words   |  7 Pagescreativity in advertising. What is creativity in advertising and how does it impact the corporation and how it impacts a consumer. The second part of the essay deals with the investment strategies that different corporations employ in making a creative commercial. the different approaches and marketing strategies employed with the funds available . We also try and understand if it is justified if the clients need to invest their resources and faith in the creation of a â€Å"Big Idea‘ . Does a creative ad guaranteeRead MorePerformance Management Plan Essay1285 Words   |  6 Pagesalignment of the performance management framework. Performance Management Plan Performance management cannot work without follow thru from all levels of an organization from the top, down to and especially the individual employee. It is based on the idea that if an employee is motivated and satisfied than an organization can effectively perform. Performance management works by measuring, evaluating, training and mentoring individual employees, teams, and even departments in order to getRead MoreThe Environmental Effect Of Operational Planning And Execution1232 Words   |  5 PagesOrganizations face many pressures in their attempt to navigate daily operations, while conducting business in such a way that their stakeholders are satisfied. This organization must meet stakeholder satisfaction with regard to profit margins, stock prices, and personal and organizational beliefs. The belief structure of the organization, as a whole, as well as concerned individuals holds special emphasis, as it directs how operations influence the organization’s image. As the global conscience