2. I- Firm Definition :-
• Any Business Organization.
• A Business Partnership.
(Oxford Dic. Of Business and Management)
3. I- Firm Definition :-
• An organization, possibly as small as a single
person or as large as many thousands, that
produces a good and/or provides a service that
it sells to the public, the government, or other
firms, using the proceeds to cover its costs. Also
a business, a company, or an enterprise.
• There is no available business structure called
firm
(Business Dic. )
http://www.businessdictionary.com
4. II- Company
1) Definition :-
• A Corporate enterprise that has a legal identity separate
from that of its members. It operates as one single unit
in the success of which all the members participate.
(Oxford Dic. Of Business and Management)
• A contract under which two or more persons commit
themselves to participate in a profit-making project by
offering a share of money or work to share profit or loss
arising from the project.
(The text is in Article 505 of the Civil Code)
5. Separate Legal Entity
Limited Liability ( either by share or guarantee)
Perpetual Succession
Artificial person
Common seal
Transferability of shares
Separate Property
Capacity to sue
Termination of existence
Separate management
II- Company
2) Features of a company :-
6. • Classification on the basis of Incorporation
- Statutory companies
- Registered companies
• Classification on the basis of Liability
- Limited company (Limited by share or by guarantee)
- Unlimited company
• Classification on the basis of Ownership
- Government company
- Foreign company
• Classification on the basis of Number of members
- Private company
- Public company
• Classification on the basis of Control
- Holding company
- Subsidiary company
II- Company
3) Types :-
7. II- Company
3) Types :-
The Graph From
Automation e-Newsletter
Report 2012
System Integration/Consultant = 27.5%
Other = 14.1%
Non-Manufacturing (Utilities) = 2 %
Manufacturing End User = 18.6 %
Equipment / Machine Manufacture = 8.6 %
Educational / University = 3.4 %
Automation Product Supplier / Manufacture = 21.6 %
Distributor / Reseller = 4.2 %
e-newsletters are distributed to 18,000 - 19,000 subscribers, depending on subscriber list preferences.
8. III- Organization
1) Definition :-
• A social unit of people that is structured and managed to meet
a need or to pursue collective goals. All organizations have a
management structure that determines relationships between
the different activities and the members, and subdivides and
assigns roles, responsibilities, and authority to carry out
different tasks. Organizations are open systems--they affect
and are affected by their environment.
(Business Dic. )
http://www.businessdictionary.com
9. III- Organization
2) Types :-
Organization Types
Government
National
International
Non-Government
National
International
17. V- Corporation
1) Definition :-
• All corporations are companies, but not all companies are
corporations.
• Corporations are different from other types of company in
that they exist separately from their legal owners. That means
that liability is separate as well. With corporations, liability is
limited to the holding of shares. In fact, shareholding is a
major difference between corporations and other types of
companies. With corporations, the shareholders each own a
small piece of the larger corporate structure.
(Business Dic. )
http://www.businessdictionary.com
