CBSE Class 11-commerce Answered
What is a private sector enterprise? Explain its main features.
Asked by Topperlearning User | 27 Jun, 2016, 02:47: PM
Expert Answer
Private sector enterprises are owned and managed by individuals or group of individuals. Examples: Reliance Capital and TATA AIG Life Insurance. The various types of organisations are sole proprietorship, partnership, joint Hindu family, company and multinational corporations.
Features:
- Earn more income and maximise profits.
- Government or political interference is not necessary.
- Complete ownership of the enterprise by private individuals.
- Success of the enterprises can be measured through the degree of profit.
Answered by | 27 Jun, 2016, 04:47: PM
CBSE 11-commerce - Business Studies
Asked by Topperlearning User | 22 Jun, 2016, 10:34: AM
ANSWERED BY EXPERTCBSE 11-commerce - Business Studies
Asked by Topperlearning User | 27 Jun, 2016, 02:47: PM
ANSWERED BY EXPERTCBSE 11-commerce - Business Studies
Asked by Topperlearning User | 27 Jun, 2016, 02:47: PM
ANSWERED BY EXPERT
