Chapter4. Business Based on Ownership
Chapter4. Business Based on Ownership. We had already learned in the profitability of the product and service of various kinds of production, distribution, and support of the sum of the legitimate economic activities. Differing needs of consumers, proprietary trader’s own attitudes and the size and characteristics of the different types of business creation. In this chapter, we have different types of ownership in the organization and they will be able to learn more about different aspects.
Chapter4. Business Based on Ownership
Generally owned by a person established, operated and controlled businesses that ekamalikana business. The single-owned land was first started in the business. For this, it is called sabeecaye oldest business organization. In the present context, the duty of a person with the aim of achieving profitability of capital Construct and operate a business, and the rustle of the acquired business or loss of profits suffered by If it carries itself, he says ekamalikana business.
Ownership is the state, act, or right of owning something, i.e., possessing something. The term may also refer to an organization or group of owners. It is the exclusive and ultimate legal right to a lawful claim or title. If you have ownership, you can possess, enjoy, sell, give away, bequeath, destroy, or sell an item of property.
If you have ownership of something it means that you are the owner; it belongs to you. The term does not only refer to people, but also to other entities.
For example, the government is the owner of a state company. Also, a holding company owns its subsidiary businesses.
Ownership – many forms
There are many forms of ownership. For example, there may be private or collective owners of the property. There are also common owners of the property. The property somebody owns may be an object, building, or land.
In fact, there are even owners of intellectual property. Intellectual property refers to patents, trademarks, slogans, i.e., things our minds create.
People and other entities can gain ownership of property in the following ways:
By buying the property with money.
If somebody gives you something as a gift, you become its new owner.
You can be the owner of something if you won it in a bet.
When somebody bequeaths something to you, i.e., leaves something for you in their will, you assume ownership of it.
You can become the new owner of something if you receive it as damages.
If I make something and keep it, it is my possession.
In a barter system, one person trades something for something else. If I trade my goat for a ton of chopped wood, I lose possession of the animal and gain possession of the wood.
We can also become owners of something if we worked for it. For example, if somebody offers me some chickens for painting their house, I become the new owner of the chickens.
Cooperatives are organizations that are owned and controlled by an association of members. This form of ownership allows for a more democratic approach to control where each share is worth the same amount of votes, similar to a corporation with common stock. It also offers limited liability to its owners and equal profit distribution based on ownership percentage. Disappointingly, the democratic approach to decision making results in a longer decision making the process as participation from all association members is required.
Conflicts between members can also arise that can have a big impact on the efficiency of the business. Co-operatives are often used when individuals or businesses decide to pool resources to achieve a common goal or satisfy a common need, such as employment needs or delivery service.
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