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Need for a Business Organization

Basically an organization is required for effectively carrying out any transaction in an organized way to achieve the sole purpose of execution of the transaction goal. Apart from deciding the nature and scale of operations, the process details etc., the owner(s) has to select the form of organization which will meet primarily the following goals:

a)      for initiating the business operations

b)      achieving business objectives

c)      for meeting the needs of growth and expansion.