BUSINESS ORGANIZATION

Business Organization

Business Organization

Introduction

The business organization can be defined as a structure following its own logic to reach a definite goal. This is known as a society as a whole or the organization of part of the workforce of the company to solve a problem or accomplish a task (Matthew, 2005).

Sole proprietorship

Sole proprietorship is a company owned by one owner, who personally manages, receives all profits and is personally responsible for its obligations.

Advantages

The advantages include ease of sole ownership of their institutions and eliminate the possibility of independent conduct of business and management of the profits, which is concentrated ...