Understanding Business Organizations and Their Functions

Understanding Business
Organizations

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY ..................................................................................................................................1
CONCLUSION ...............................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
Business organizations means those aspects which is used in order to perform activities
that is based over buying and selling of goods or services. These organizations tends to serve its
customers with motive to earn profit and generate revenue through their products. Business
organizations are formed with the help of certain elements like business environment, nature,
strategies, management and leadership. These leads upon development of various types of
business organization according to their ownership. Business organization has different
departments that work together for making growth and success of business possible. These
functions are related to business organizations. Further, to understand business organization and
its working patterns organizations culture is developed that makes business organization achieve
ethical balance with positive environment. In the essay first paragraph discuss about various
types of business organizations and second paragraph explains about business functions. Third
paragraph tells about organizational culture.
MAIN BODY
Types of business organization with its advantages and disadvantages:There are several
forms of corporation corporations this is been used for performing corporation sports activities
which has been mentioned. Sole proprietorship: These are considered as those corporation
corporations which are most commonly dependent or used which will set up corporation
corporations(Lapiedra, 2021). In this single owner exists which handles all detail related over
corporation. The approach of registration best requires INHRC range this is to be generated and
phone of such corporations is not continually compulsion best required for starting corporation.
Managements of these corporations is been handled with the resource of the usage of with the
resource of the usage of the owner best in this earnings and loss is been included. Funding of
these corporation is been executed via personal family members, buddies and relatives.
Advantages: income earned with the resource of the usage of the ones corporation has been
stored in resource of the usage of owner himself that make earnings earned extra strong.
Disadvantage: Biggest drawback is that there may be hassle in arranging finances which makes
corporation conflict over its existence. Partnership company: In an partnership company there
are humans that comes together with reason to earn and generate income. These corporations
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