PrepareBusiness Organisations · 1 min read
Business Organisations/Enterprises
Business Organisations
A business organisation is a setup where people or the government come together to produce things we need or do work for us so they can make a profit or help the society.
Business organisations are enterprises established by individuals, group of individuals or a government for the purpose of providing goods and services to satisfy human wants.
This means that whether it is a small shop owned by one person or a big company owned by the government, it is created to give people what they want to buy.
Key points
- •Business organisations are enterprises.
- •They can be established by individuals, groups, or governments.
- •Their primary purpose is to provide goods and services.
- •The ultimate goal is to satisfy human wants.