DEFINITION:
A company is an economic and social structure which brings together human, material, immaterial ( services) and financial [?] which are organized [?] [?] or services to [?] in a competitive ( the market) or non-competitive ( a monopoly) market. A company is a [?] entity, which [?] the legal system of the country it [?].

HOW IS A COMPANY ORGANIZED?

When a company is [?], there is usually one unit ( a factory for a production company). This is where the [?] is based. The company can then expand [?] [?], [?] in the same country [?] abroad( often in low-cost countries like China to reduce production costs). The company can also [?] another firm, or [?] with another [?]. Certain parts of the production can also be [?] ( or subcontracted) to other companies.
Companies are divided into Business Units, and then again into [?].

TYPES OF COMPANIES
-Small and medium sized companies ( SMCs)
-Single/sole proprietorship: one [?], unlimited [?].
-[?]: 2-20 owners, unlimited liability.
-Private Limited Company(Ltd): [?], not [?] on the [?], limited liability.
-Public Limited Company (Plc): shareholders, quoted on the Stock Exchange, limited liability.