Tag: organization
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Change in structure of Business organization
Effect of changes in structure of business organizations When public corporations are sold to the private sector it is called privatisation Effects of privatization: – Business efficiency (low cost, high quality)What determines the demand for factors of production
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What is limited company?
Limited company A business owned and managed by a group of people Directors make the decisions Profit is shared among the shareholders If businesses lose money the shareholders don’t have to sell their personal assets to repay creditors