BUSINESS ORGANIZATION

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BUSINESS ORGANIZATION by Mind Map: BUSINESS ORGANIZATION

1. COOPERATIVE

1.1. PRINCIPLES

1.1.1. OPEN AND VOLUNTARY MEMBERSHIP

1.1.2. DEMOCRATIC CONTROL

1.1.3. LIMITED INTEREST ON CAPITAL

1.1.4. DIVISION OF NET SURPLUS

1.1.5. COOPERATIVE EDUCATION

1.1.6. COOPERATION WITH OTHER COOPERATIVES

1.2. OBJECTIVES

1.2.1. TO ENCOURAGE THRIFT AND SAVINGS

1.2.2. TO GENERATE FUNDS AND EXTEND CREDIT

1.2.3. TO ENCOURAGE AMONG MEMBERS SYSTEMATIC PRODUCTION AND MARKETING

1.2.4. TO PROVIDE GOODS AND SERVICES AND OTHER REQUIREMENTS TO MEMBERS

1.3. TYPES

1.3.1. CREDIT

1.3.2. CONSUMERS

1.3.3. PRODUCERS

1.3.4. MARKETING

1.3.5. SERVICE

1.3.6. MULTIPURPOSE

2. IMPORTANCE

2.1. PRODUCTS GROWTH

2.2. EFFICIENT USE OF RESOURCES

2.3. TECHNOLOGICAL IMPROVEMENTS

2.4. CREATIVE THINKING

2.5. USE OF SKILLED SALESMAN

2.6. QUICK DECISIONS

2.7. RECOGNITION OF THE PROBLE,

2.8. FIXING OF RESPONSIBILITY

2.9. FEED BACK

2.10. MINIMUM COST

3. CHARACTERISTICS OF AN IDEAL FORM OF BUSINESS ORGANIZATION

3.1. EASE OF FORMATION

3.2. ADEQUACY OF CAPITAL

3.3. LIMIT OF LIABILITY

3.4. DIRECT RELATIONSHIP BETWEEN OWNERSHIP

3.5. CONTINUITY AND STABILITY

3.6. FLEXIBILITY OF OPERATIONS

4. BUSINESS CYCLE

4.1. #1 EXPANSION

4.2. #2 PEAK

4.3. #3 RECESSION

4.4. #4 DEPRESSION

4.5. #5 TROUGH

4.6. #6 RECOVERY

5. 3 BASIC FORMS

5.1. SOLE PROPRIETORSHIP

5.1.1. ADVANTAGES

5.1.1.1. EASY TO FORM AND WIND UP

5.1.1.2. QUICK DECISION AND PROMPT ACTION

5.1.1.3. DIRECT MOTIVATION

5.1.1.4. FLEXIBILITY IN OPERATIONS

5.1.1.5. MAINTENANCE OF BUSINESS SECRETS

5.1.1.6. PERSONAL TOUCH

5.1.2. DISADVANTAGES

5.1.2.1. LIMITED RESOURCES

5.1.2.2. LACK OF CONTINUITY

5.1.2.3. UNLIMITED LIABILITY

5.1.2.4. LIMITED MANAGERIAL EXPERTISE

5.2. PARTNERSHIP

5.2.1. ADVANTAGES

5.2.1.1. EASY TO FORM

5.2.1.2. AVAILABILITY OF LARGER RESOURCES

5.2.1.3. BETTER DECISION

5.2.1.4. FLEXIBILITY

5.2.1.5. SHARING OF RISKS

5.2.1.6. `KEEN INTEREST

5.2.1.7. BENEFITS OF SPECIALIZATION

5.2.1.8. PROTECTION OF INTEREST

5.2.1.9. SECRECY

5.2.2. DISADVANTAGES

5.2.2.1. UNLIMITED LIABILITY

5.2.2.2. INSTABILITY

5.2.2.3. LIMITED CAPITAL

5.2.2.4. NON-TRANSFERABILITY OF SHARE

5.2.2.5. POSSIBILITY OF CONFLICTS

5.2.2.6. TENDENCY TO PLAY SAFE

5.3. CORPORATION

5.3.1. ADVANTAGES

5.3.1.1. LIMITED LIABILITY FOR THE OWNER

5.3.1.2. EASE ON THE CELL AND TRANSFER

5.3.1.3. CONTINUITY

5.3.1.4. EASE IN RAINING MONEY

5.3.2. DISADVANTAGES

5.3.2.1. COMPLEXITY IN ORGANIZATION AND REGULATION

5.3.2.2. DOUBLE TAXATION

5.3.2.3. LIMITED LIABILITY MAY WEAKEN CREDIT CAPACITY

5.3.2.4. CENTRALIZED MANAGEMENT

6. TYPES OF BUSINESS OPERATIONS

6.1. SERVICE

6.2. MERCHANDISING

6.3. MANUFACTURING