The optimum size of a Business Unit is a size where production is maximum at minimum cost. Meaning of the Optimum Size The Optimum Size of a business unit refers to such a unit that has all the factors of production in an ideal proportion such that, the factors of production are united in such …
Type of Company We can classify the company on several bases but the following are the main types of companies Limited Liability Companies Unlimited Liability Companies Private Companies Public Companies Incorporated Companies Unincorporated Companies
Joint Stock company A Joint Stock company is formed to gain profits by a group of people under the act in which capital is not transferable and the shareholders carry limited liabilities. Any individual can file a case against a company and vice-versa. A company carries an under which it runs; its business and its …
A Joint Stock Company is said to be an Artificial Person create by law, having a separate entity with a perpetual succession and a Common Seat. Brief History It is assumed that the company came into existence in the 12th century in Italy and in the 16th century in England. In India first of all …
