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Give one word/phrase/term. Organisations which are owned by individual or group of individuals. - Organisation of Commerce and Management

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Question

Give one word/phrase/term.

Organisations which are owned by individual or group of individuals.

One Word/Term Answer
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Solution

Private sector Organisations

Explanation:

Private sector organisations are those that are owned, managed, and controlled by an individual or a group of individuals. They operate with the main objective of earning profit and are not owned by the government.

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Chapter 5: Forms of Business Organisation - II - EXERCISE [Page 113]

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Balbharati Organisation of Commerce and Management (OCM) [English] Standard 11 Maharashtra State Board
Chapter 5 Forms of Business Organisation - II
EXERCISE | Q 1. C) 1) | Page 113

RELATED QUESTIONS

Match the pairs.

Group ‘A’ Group ‘B’
A) BHEL 1) Special Legislature
B) Statutory Corporation 2) 49% paid-up capital by govt.
C) Departmental Organisation 3) Service Motive
D) Private Sector 4) Railway
E) Public Sector 5) Profit Motive
    6) 51% paid-up capital by govt.

Give one word/phrase/term.
The sector which aims at providing reliable services to customers.


Give one word/phrase/term.
Organisations which are owned, financed, managed and controlled by government or combination of government.


State True or False.

Private sector Organisations are owned by individuals or groups of individuals.


State True or False.

Public sector Organisations are owned by government.


State True or False.

The private sector aims at providing reliable services to customers.


State True or False.

The public sector was undertaken as a part of industrial policy, 1956.


Find the odd word out.


Answer in one sentence.

What is Private Sector?


Correct the underlined word and rewrite the following sentence.

Private sector aims at providing essential services to customers.


Explain the following term/concept.

Private Sector Organisation.


Match the pairs.

Group ‘A’ Group ‘B’
A) BHEL 1) Special Legislature
B) Statutory Corporation 2) 49% paid up capital by govt.
C) Departmental Organisation 3) Service Motive
D) Private Sector 4) Railway
E) Public Sector 5) Profit Motive
    6) 51% paid up capital by govt.

Match the pairs.

Group ‘A’ Group ‘B’
A) BHEL 1) Special Legislature
B)  Statutory Corporation 2) 49% paid up capital by govt
C) Departmental Organisation 3) Service Motive
D) Private Sector 4) Railway
E) Public Sector 5) Profit Motive
    6) 51% paid up capital by govt

Match the pairs:

Group ‘A’ Group ‘B’
A) BHEL 1) Special Legislature
B) Statutory Corporation 2) 49% paid up capital by government
C) Departmental Organisation 3) Service Motive
D) Private Sector 4) Railway
E) Public Sector 5) Profit Motive
  6) 51% paid up capital by government

Which of the following statements is true for the private sector?


During which historical stage did the formalised growth of public sector enterprises occur in India?


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