Introduction to Business

Regional balance: The government is responsible for developing all regions and states in a balanced way and removing regional disparties. Development of backward regions so…

Benefits of Joint Venture Business can achieve unexpected gains through joint ventures with a partner. Joint ventures can prove to be extremely beneficial for both…

Business organizations as you have studied earlier can be of various types private or government owned or global enterprises. Now, any business organization if it…

A statutory corporation is an autonomous corporate body created by a Special Act of Parliament or state legislature with defined functions, powers, duties, immunities, etc.…

Government companies have certain characteristics which makes them distinct from other forms of organizations. These are discussed as follows: (i) It is an organization created…

Sole proprietorship refers to a form of organization where business is owned, managed and controlled by a single individual who bears all the risks and…

A cooperative society is a voluntary association of persons who get together to protect their economic interests. The major advantages of a cooperative society are…

Statutory corporations are public enterprises brought into existence by a Special Act of the Parliament. The Act defines its powers and functions, rules and regulations…

The following are some of the privileges of a private limited company as against a public limited company: A private company can be formed by…

A public company means a company which is not a private company. A public company is a company that has issued securities through an initial public…