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Features of a Government Company. - Organisation of Commerce and Management

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Question

Features of a Government company.

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Solution

The following are the features of a government company:
(a) A government company enjoys the maximum autonomy in all its managerial actions and decision-making processes.
(b) It faces no undue interference by the department concerned in its operations.
(c) It has its own, separate entity−that is, a government company is different from the government.
(d) It provides goods and services at reasonable rates and at the same time also ensures safe marketing activities.

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2012-2013 (March)

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