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Organizations are formed by group of persons having common destiny. Destiny means objectives that organization focus to achieve. objectives might be oriented with profit,non-profit and others but achieving it for the welbeing of stakeholders is undoubtedly the basic purpose of a business organization.
Wiki User
∙ 12y ago
Wiki User
∙ 9y agoThe purpose of any type of organization is to provide a structure. This structure allows information to be easily recalled and used, progress to be monitored, and outcomes to be achieved.
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What is the purpose of a business trust?
A business trust is a commercial business organization run by a trustee or group of trustees. Their main purpose is for the trust to manage or administer the business for the benefit of non trustees or beneficiaries who hold an equal interest in that business.
What are some of the basic principles of business economics?
The term business economics is used in different ways. Sometimes it is used synonymously with industrial economics/industrial organization, managerial economics, and economics for business.
What is the basic purpose of insurance?
What is the basic purpose of insurance
What are the basic resources of business?
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What is the purpose of sales organization?
The purpose of a sales organization includes being responsible for selling services and goods to customers or consumers. They generate revenue for the organization.
The basic financial statements of business organization?
I love you!
Why do organizations establish goals?
Without established goals what would be the purpose of a organization or business your goals define the ultimate reason for a business or organization
What are the three basic function in business organization?
product service knowledge
Identifying the needs of a business will address is a good example of the blank of the organization?
wouldnt it be the purpose of the business?
What is the difference between a business and organization?
The purpose. With a business, the purpose is clear: make money. How? That's up to the owners. An organization can be for just about any purpose. It could be a charity which, in some ways, is the opposite of a business because it is about giving things away without concern for getting paid for it.
Features of business organization?
Business organization includes managers, assistants, and plenty of staff to run the basic operation of a business effectively. Good accounting as well as quality control will be important as well.
What is the purpose of the Business Continuity Institute?
The purpose of the Business Continuity Institute is to be the top membership organization for the leaders of business. Members of the BCI community may access the members only site.
What is the important role of business letter in an organization?
Communication (conveying information or a making request) is the purpose of a business letter; communication internally (organization staff) and externally (customers, business contacts, public).
What is the purpose of a business trust?
A business trust is a commercial business organization run by a trustee or group of trustees. Their main purpose is for the trust to manage or administer the business for the benefit of non trustees or beneficiaries who hold an equal interest in that business.
What purpose does organization chart serve?
to show the lines of responsiblity & authority within a business.
Advantages of business administration course?
Taking a business administration course will help you understand the purpose of your organization. Business administration courses aren't just for business students.
What is the definition of a corporate sector organization?
The corporate sector organization is a place where the people have to meet the corporate delegates for their business purpose.
