Forms of Business Organisation
In the NCERT Business Studies textbook for Class 11, Chapter 2 Forms of Business Organisation, you compare sole proprietorship, partnership, Hindu undivided family business, cooperative societies and companies. The chapter explains the features, merits and limitations of each form, including liability, continuity, control and capital requirements. You study how to choose a suitable form based on cost, risk, managerial needs and scale, and why factors such as ease of formation and legal formalities matter for small and large enterprises.
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