What is FORMS OF BUSINESS ORGANISATION ?

What is business?

Business is defined as all forms of activities that people engage in to satisfy their needs of people and sometimes also make profit.

Business organisation is a commercial or industrial enterprise and the people who constitute the business.

Types of business organisation

DEPARTMENTS IN AN ORGANISATION

Personnel department

This department is also refers to as human resources or human capital department. It is responsible for staff related matters. It is headed by a personnel manager or human resource manager or human capital

Functions/responsibilities

Promotion of staff welfare
Promotion and discipline of staff
Recruitment and training of staff
Ensuring discipline in an organisation