Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
18Activity
0 of .
Results for:
No results containing your search query
P. 1
Objectives of Firms

Objectives of Firms

Ratings: (0)|Views: 1,301|Likes:
Published by yadavakshat

More info:

Categories:Types, School Work
Published by: yadavakshat on Mar 22, 2010
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PPTX, PDF, TXT or read online from Scribd
See more
See less

01/02/2013

pdf

text

original

 
Firms : Concept & Objectives
By:Akshat.D.Yadav
 
W
hat is a firm?
A Firm is an entity & an Input-Output System.
Firms use different types of factors of production & a technical process to convertthose inputs into the useful products.
T
here are following factors which are used by firms during the process grouped asInputs.
Land
Labor
Capital
enterprise &
Organization
T
he process of identifying the factors of production, identifying & selecting anappropriate technology and process & converting these inputs into a desirableoutput is done by the enterprise on behalf of firm.
T
he person who takes risk & start the business for the entity Firm is calledentrepreneur.
 
Forms of Ownership of Firm
Business Firms can be categorized as follows:
P
rivate Sector:-(wholly owned by individuals or by group of individuals)
P
ublic Sector :-(Owned, managed & controlled by Government)
Joint Sector :-(Owned and managed jointly by individual & Government)
P
rivate Sector can be of following types:
P
rivate sectorIndividualCollective /group
P
artnershipCompanyCooperative
P
roprietorship

Activity (18)

You've already reviewed this. Edit your review.
1 hundred reads
1 thousand reads
Milan Shah liked this
Milan Shah liked this
Mehwish Khan liked this
Manu K M liked this
shaza443 liked this
Ankita Gandhi liked this
Archana Raj liked this
kapilkrishna0016 liked this

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->