BUSINESS AND BUSINESS ENVIRONMENT.

BUSINESS AND BUSINESS
ENVIRONMENT

Introduction
A group of people who have come together
for a specific purpose forms an
organization.
It is a formal structure which highlights the
role and responsibilities of the individual
working in it.
Finance, marketing, human resource and
operations are four major business
activities in the organization.

P1: TYPES OF
ORGANIZATION
Sole traders: there is no separation
between the business and the owner.
The decision is made by a single person
liability is not limited
All the records have to be maintained and
the sole trader has to file the tax papers.