Question

Business organisation is a part of _________.

Answer 1

A business organization is an entity aimed at carrying on the commercial enterprise by providing goods or services, to meet the needs of the customers.

The different forms of business organizations are Sole Proprietorship, General Partnership, Limited Partnership, Corporation, "S" Corporation, and Limited Liability Company.

So customers are more important than any stockholders, the workers, or the management. Without customers, there is no business. So the main purpose of the business organization is to serve and satisfy its customers. The organization's vision statement provides the future state of the organization to strive to reach.