However, a business organization consists of a group of people
working
Specifically for commercial gains.
• While establishing a business organization, the first step is
to determine
The type of organization that suits the business needs. The next
step is To establish the organizational structure and roles that best
meet the Needs of the business organization.
• Organizations are set up along the following lines.
• Line of business – Based on nature of work.
• Commercial aspects – Based on profit.
• Operational system - Based on type of system.
•
Composition of ownership - Based on ownership.
