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Revision Notes For Class 11 Business Studies Chapter 2 Forms Of Business Organisation

Forms Of Business Organisation is one of the significant chapters to be learnt by the students. In this chapter, students can learn – what is sole proprietorship, its features, merits and demerits, Meaning of Joint Hindu Family Business, its characteristics, advantages and disadvantages, Partnership – its characteristic features, merits and limitations, Types of partners and partnership. Most important aspect to be concentrated in this chapter is what is Partnership Deed? Registration of a partnership firm, Joint stock company, types of companies, forms of business organisations.

Students can refer to :

Frequently asked Questions on CBSE Class 11 Business Studies Notes Chapter 2: Forms of Business Organisation

What is ‘Business organisation’?

Business Organisation is an entity that is formed for the purpose of carrying on the commercial enterprise of selling and buying.

What is a ‘Joint stock company’?

A joint-stock company is a business owned by its investors, with each investor owning a share based on the amount of stock purchased.

What are the types of ‘Partnership’?

Types of Partnership – 5 Types: General Partnership, Limited Partnership, Limited Liability Partnership, Partnership at Will and Particular Partnership

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