Important India

Discover India with Important India

  • Home
  • About
  • History
  • Important India
  • Categories
  • TOU
  • Contact Us

Merits and Demerits of Company Form of Business

On June 29, 2017 By Lighthouse Category: Business

A company is a group of people working together for a particular aim. Usually, a company is a business entity, however the word company can be used to describe other groups of people - for instance, a theatre company. In this article we will discuss about the merits and demerits of company form of business.

Merits of company form of business

1. Diversity: when many people are working together, they bring diverse ideas and opinions to the table.

2. Unity: being part of a company gets people united.

3. Business opportunities: pooling finances and resources makes a company often better placed than a single individual to make good business decisions.

4. Mutual support: members of a company can all support each other in their goals.

5. Recognition: being part of a designated company gives you the recognition associated with the company’s brand image.

Demerits of Company form of business

1. Restrictions on autonomy: you need to follow the company’s rules.

2. Clashes with personal beliefs: being part of a company may involve signing up to support a company’s business ideals and these may clash with your own.

3. Inequality: some companies are divided into hierarchies, with CEOs having much more power and money than the workers ‘beneath’ them.

4. Extra costs: companies can be taxed at a higher rate than private individuals.

Conclusion

Companies can find creative, far reaching ways to meet their business goals. But, ordinary workers in those companies may find their position to be disadvantageous at times.

Related posts:

  1. Partnership Business: Merits and Demerits of Partnership Business
  2. Short Paragraph on Outsourcing
  3. Advantages and Disadvantages of Companies (or Corporations)
  4. Forms, Merits and Demerits of Democracy
  5. Short Paragraph on Merits and Demerits of Traveling
  6. Socialism: Featues, Merits and Demerits of Socialism
  7. Technology: Meaning, Merits and Demerits of Technology
  8. Business Ethics: 25 Reasons Why Ethics are Important in Business
  9. Brief Note on Sole Proprietorship Business

Category: Business

Related Posts

  1. Partnership Business: Merits and Demerits of Partnership Business
  2. Short Paragraph on Outsourcing
  3. Advantages and Disadvantages of Companies (or Corporations)
  4. Forms, Merits and Demerits of Democracy
  5. Short Paragraph on Merits and Demerits of Traveling
  6. Socialism: Featues, Merits and Demerits of Socialism
  7. Technology: Meaning, Merits and Demerits of Technology
  8. Business Ethics: 25 Reasons Why Ethics are Important in Business
  9. Brief Note on Sole Proprietorship Business

Search ImportantIndia.com

Tag Cloud

Women In India Water Tribal People of India Tradition Tourism Short Moral Stories for Children Science and Technology Rivers in India Pollution Minerals in India Maratha Empire Mahatma Gandhi Indian Festivals Indian Constitution History of Akbar Freedom Fighters of India Family System Education Ecosystem Communication Climate of India Buddhism Battles and Wars in India Art and Architecture Agriculture in India

Categories

Archives

  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • Categories
  • History of India
    • History of Ancient India
    • History of Medieval India
    • History of Mughal Empire
    • Modern History of India
  • Important India
    • Administration in India
    • Indian Constitution
    • Parliament of India
  • Indian Geography
  • Indian Government
  • Indian Literature
  • Blog
  • About Us
  • Report an Article
  • Sitemap
  • Contact Us
  • Terms of Use, Privacy Policy, Cookie Policy, and Copyrights.

Copyright 2013 -2017 · Discover the Importance of India ·