Business

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The organization which particularly handles the entire market sector with all kinds of expected profit and loss. Profitable businesses should have the aim to maximize their sales and to ensure their income to exceed from the expenditure which results in profit, gain or surplus.

The ideal business needs to have efficient and effective operations team which called management. Management plays leading role in building the organization from grass root level to their expected
targets, different branches of management such as Financial Management, Marketing Management, and Human Resource management handle their concern department.

There are different forms of business ownership exists which vary by jurisdiction.

Partnership: 

The partnership owned by two or more people in some partnership each partner has unlimited liability for the debts.

Corporation:

Owners of the corporation have limited liability to the debts. A corporation can be either government owned or private owned.

Cooperative:

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Cooperative is slightly different from the corporation as it has members not the shareholders.

Sometimes only owners may manage their businesses themselves or their employee managers to do so for them in order to cut their expense and invest the money in the marketing sector. Business process management (BPM) is a management approach focusing on providing complete support to the organizations and need of maximum clients which results in the progress of the business process.