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organisations - Coggle Diagram
organisations
for profit organisations
non-incorporated
sole proprietors
advantages
low cost, 100% access to profits,limited need for formal documentation
disadvantages
unlimited liability, poor economies of scale
partnerships
advantages
- greater capital , 100% access to profits, losses shared among partners
disadvantages
decisions by consultation, limited independence
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non-profit organisations
charities
profit = surplus, loss = deficits
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Stakeholders
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unions, employees, customers, media, suppliers, communities, shareholders, governments
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