business organization, an entity

formed for the purpose of

carrying on commercial
enterprise. Such an organization is
predicated on systems of law
governing contract and exchange,
property rights, and incorporation.
The purpose of a business organization is
to carry on a business. A business
organisation exists when two or more
people act together to carry on a
business.
In the world are the Amazon and
Apple Inc. They are one of the
biggest and successful business
organizations that surpasses high
market values.
In our locality, which is the Philippines, we also have our
own popular business organizations such as Jollibee
which it is a very popular fast food restaurant in the
Philippines and it also has spread its branch to other
countries. SM Investment is also a popular business
organization in the Philippines. It has many branches all
around the Philippines and is one of the most popular
super malls here.
In terms of business organization, their
role is to provide or distribute services
and goods to the consumers to be
able to satisfy their needs and wants.
1. SOLE PROPRIETORSHIP

A business that is
owned by only one
individual.
 • Most • Must
• The business register to
common and
owner is DTI
simplest form
called a sole (Department
of business
proprietor. of Trade and
organization. Industry).
 2. PARTNERSHIP

Business owned by
two or more persons
called partners.
 • Bind by
contract to • Must
carry on the • The business register to
business and owners are SEC
divide among called (Securities
themselves partners. and Exchange
the earnings Commission).
therefrom.
Fred and Melissa decide to open a baking
store. The store is named F&M Bakery. By
opening a store together, Fred and Melissa
are both general partners in the business,
F&M Bakery.
 3. CORPORATION
A business organized
as a separate legal
entity from the
owners.
 • Ownership in • Must
• Created by the register to
operation of corporation is SEC
law rather represented (Securities
than contract. by shares of and Exchange
stocks. Commission).
 4. COOPERATIVE

A business that is
owned by more than
one individual.
 • Founding • From the root
members shall word cooperate, a • Must
not be less than cooperative is an
register to
association of
15 individuals. CDA
individuals who
However, it can
joined together to (Cooperative
have as many contribute capital Development
members as its and cooperate in
by-laws permit..
Authority).
order to achieve
certain goals.
 means the consideration whether
in money or otherwise to be paid
or provided to the provider for any
supply or use of any goods,
services or other things under this
contract.
- Your business has to provide a product or
service, and for the business to be
successful, there has to be a demand for the
product or service.
- If you go too high, you can lose
potential customers, but going too low
can also cause problems by making
people think your product is cheap or low
quality.
-Your business will have competition.
You need to understand your
competition, including their strengths
and weaknesses.
- You need to get word out about your
business, and marketing and advertising can
help you to do that. These days, you have a
lot of options: social media and content
marketing, billboards, online ads, television
commercials, radio commercials, flyers, and
more.
- The ideal location will depend on what type
of business you're running.

- Businesses can be created using different

structures, including sole proprietorship,
corporations, and limited liability companies.
- Small business owners take on a lot of work
themselves, but sometimes they need help.

- As the business owner, you should have a great

deal of confidence in your business, An unbiased
assessment can help you form a realistic view of
your business and what it will take to succeed.
- Good disaster planning can help you beat
the odds. You should have emergency and
business continuity plans for a wide range of
possible events, including cyber attacks,
technological failures, fires, storms, illness, and
burst pipes.
- Every business needs insurance,
common policy types include commercial
property, auto liability, cyber liability,
errors and omissions, disability, and
worker's compensation insurance.
 • https://www.britannica.com/topic/business-organization
• https://stesglobal.com/wp-content/uploads/2020/07/ACCA-
BT-Chapter-1-Study-Guide.pdf
• https://online.tamucc.edu/degrees/business/mba/general/what-
is-the-role-of-business-in-society/
• https://www.makati.gov.ph/cms/business/top-100-
corporations/2261
• https://www.heffins.com/news-events/blog/10-key-
considerations-when-starting-new-business
• CRUZ, JOHN PATRICK JAUDINES
• CRUZ, RUSSEL KENT SANTOS
• DE JESUS, LANCE MUTUC
• DEL ROSARIO, ELOISA DELOS SANTOS
• DEL ROSARIO, KARLA MARTIN