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Classification of Company
The classification of companies mind map is a comprehensive visual representation of the different types and categories of companies that exist in the business world. This mind map aims to provide an overview of the various classifications based on different criteria.
Edited at 2023-08-09 16:11:42- Classification of Company
The classification of companies mind map is a comprehensive visual representation of the different types and categories of companies that exist in the business world. This mind map aims to provide an overview of the various classifications based on different criteria.
- Mode of Registration
The mode of registration of a company refers to the process and method by which a company is officially recognized and established as a legal entity. It involves fulfilling certain legal requirements and submitting the necessary documents to the appropriate government authority or regulatory body. The mode of registration varies depending on the type of company and the jurisdiction in which it operates.
- Study Methods
To ensure effective learning, a combination of study methods is essential. Re-reading your notes is a fundamental technique, as it reinforces key information. However, passive reading can be enhanced through highlighting important points, which aids recall. Mindmaps are a visual tool that organizes ideas and concepts, aiding comprehension. Blurting - sharing information with others - encourages active learning and can lead to deeper understanding. Finally, flashcards are a versatile tool for memorization, especially when paired with quizzing software. By integrating these methods, you can build a robust knowledge base. This is a mind map about Study Methods. The map contains 6 main branches, namely: Re reading your notes, Highlighting, Mindmaps, Blurting and Flashcard. Suitable for people interested in studying learning methods.
Classification of Company
- Classification of Company
The classification of companies mind map is a comprehensive visual representation of the different types and categories of companies that exist in the business world. This mind map aims to provide an overview of the various classifications based on different criteria.
- Mode of Registration
The mode of registration of a company refers to the process and method by which a company is officially recognized and established as a legal entity. It involves fulfilling certain legal requirements and submitting the necessary documents to the appropriate government authority or regulatory body. The mode of registration varies depending on the type of company and the jurisdiction in which it operates.
- Study Methods
To ensure effective learning, a combination of study methods is essential. Re-reading your notes is a fundamental technique, as it reinforces key information. However, passive reading can be enhanced through highlighting important points, which aids recall. Mindmaps are a visual tool that organizes ideas and concepts, aiding comprehension. Blurting - sharing information with others - encourages active learning and can lead to deeper understanding. Finally, flashcards are a versatile tool for memorization, especially when paired with quizzing software. By integrating these methods, you can build a robust knowledge base. This is a mind map about Study Methods. The map contains 6 main branches, namely: Re reading your notes, Highlighting, Mindmaps, Blurting and Flashcard. Suitable for people interested in studying learning methods.
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- Outline
Classification of Company
Types of companies
Private companies
Sole proprietorship
Owned and managed by one person
Unlimited liability
Partnership
Owned and managed by two or more people
Shared liability
General partnership
Limited partnership
Limited liability company (LLC)
Combines elements of a partnership and corporation
Limited liability for owners
Public companies
Listed company
Traded on stock exchanges
Shareholders have ownership rights
Unlisted company
Not traded on stock exchanges
Ownership shares not available to the public
Governmentowned companies
Owned and operated by government entities
Can be fully or partially owned by the government
Provide public services
Investmentbased classification
Primary sector companies
Engaged in extracting and producing raw materials
Agriculture, mining, fishing, forestry, etc.
Secondary sector companies
Involved in manufacturing and construction
Automobiles, machinery, textiles, etc.
Tertiary sector companies
Provide services to customers
Retail, hospitality, finance, education, etc.
Sizebased classification
Small and mediumsized enterprises (SMEs)
Employ a limited number of employees
Generate moderate annual revenue
Large corporations
Employ a large number of employees
Generate substantial annual revenue
Multinational corporations (MNCs)
Operate in multiple countries
International operations and subsidiaries
Ownershipbased classification
Familyowned businesses
Owned and operated by members of a family
Succession often plays a significant role
Stateowned enterprises (SOEs)
Owned and controlled by the government
Operate in various sectors
Cooperative businesses
Owned and managed by the members who use its services
Cooperative principles and democratic decisionmaking
Industrybased classification
Manufacturing companies
Produce goods from raw materials
Various sectors such as electronics, food, chemicals, etc.
Service companies
Offer intangible products or assistance to customers
Sectors like healthcare, transportation, consulting, etc.
Financial companies
Engage in financial services and activities
Banks, insurance companies, investment firms, etc.
Technology companies
Focus on technological advancements and innovation
Software development, hardware manufacturing, etc.
Geographicbased classification
Domestic companies
Operate within one country
Cater to local markets and regulations
International companies
Conduct business activities across multiple countries
Expansion through exports, subsidiaries, or joint ventures
Global companies
Have a significant presence in numerous countries
Operate globally with a centralized management approach
Specializationbased classification
Conglomerates
Companies with diverse business interests
Operate multiple unrelated business divisions
Niche companies
Specialize in a specific product or service
Target a specific market segment with unique offerings
Startups
Newly established companies with innovative ideas
Focus on growth and scaling their business
These are just a few examples of the classification of companies, showcasing the various factors used to categorize them.