Professional Documents
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Introduction To Business
Introduction To Business
Page No-412
1. 2. 3. 4. 5. 6.
Formation Ownership Capital Purpose Legal entity Distribution of profit 7. Limited liability
8. Autonomy 9. Administration and management 10. Risk taking 11. Size 12. Accountability 13. Bureaucratic management 14. Winding up
Page No-413
1. To do public welfare 2. To control monopoly market 3. To develop monetary and banking systems 4. To control export-import business 5. To help in national economic development 6. To create employment opportunity
7. To help rapid industrialization 8. To control essential and life saving goods 9. To maintain price stability of products 10. To increase capital 11. To establish heavy and basic industries 12. To establish risky business
Page No-415
1. Inefficiency of management 2. Delay in making decision 3. Lack of flexibility 4. Limited fields of operation 5. Nepotism
6. Strict government control 7. Political intervention 8. Increases wastage and expense 9. Create tax burden on people 10. Problem in keeping secrecy
1. Abolition of monopoly 2. Operating public welfare 3. Balanced distribution of wealth 4. Maintaining price stability 5. Operating defense industry
6. Balanced industrialization 7. Establishing basic and heavy industries 8. Proper utilization of natural resources 9. Operating secret industry 10. Research and development
1. Establishing heavy and basic industries 2. Establishing public welfare industries 3. Establishing defense industry 4. Industry for confidential work
5. Establishing essential drug industry 6. Control of harmful products 7. Natural resources based industries 8. Currency control and banking systems
A. B. C. D.
Government Departmental Organization Statutory Corporation Government Joint Stock Company Government Board Managed Organization
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