The government has a major role to play in the formation of the public sector. However, the government acts through its people. These public enterprises are owned by the public and are accountable to the public through the Parliament. Departmental undertaking is the oldest and traditional form of organising public sector enterprises. A departmental undertaking is organised, financed and controlled [...]
Franchising is a continuing relationship in which a franchisor provides a licensed privilege to the franchisee to do business and offers assistance in organizing, training, merchandising, marketing, and managing in return for a monetary consideration. Franchising is a form of marketing and distribution in which the franchisor grants to an individual or company (the franchisee) the right to run a [...]
A sole proprietor business is established, owned, financed and controlled by a single person who is known as sole trader or sole proprietor. Such a business run by sole trader or sole proprietor is known as sole trade or sole proprietorship. Some of the advantages of sole proprietorship are:- 1. Easy to Form 2. Effort-Reward Relationship 3. Full Control 4. [...]