Final answer:
Company characteristics refer to the unique qualities and features that define a particular company, including organizational structure, legal entity, profit motive, goal-orientation, ownership, and functional departments.
Step-by-step explanation:
Company characteristics refer to the unique qualities and features that define a particular company. Some common characteristics of companies include:
- Organizational structure: Companies have a defined hierarchy and division of labor, which helps in efficient functioning and decision-making.
- Legal entity: Companies are separate legal entities that can enter into contracts, own assets, and be held liable for their actions.
- Profit motive: Most companies aim to generate profits for their owners or shareholders.
- Goal-oriented: Companies establish specific goals and objectives to guide their operations and measure their success.
- Ownership: Companies may be privately owned by individuals or publicly owned with shares traded on stock exchanges.
- Functional departments: Companies have different departments such as finance, marketing, operations, and human resources that perform specific functions.
These are just a few examples of company characteristics. Companies can vary widely in their size, structure, industry, and culture, which can further influence their unique characteristics.