A Joint Stock Company is a superior form of business organization.

Monjur Alahi

Justify the following statement :

A Joint Stock Company is a superior form of business organization.


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Salim Ahmed Kawsar

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  • Commercial organizations like Sole Trading Concern, Partnership firms, Joint Hindu Family are not able to meet all the challenges and various increasing needs of the market. 
  • The Joint Stock company, therefore, acquires a higher position, as it can fulfill the challenges and increasing needs of the markets.
  • The Joint Stock company operates not only at the national level but also at the international level. 
  • It is managed by specialized or professional persons which bring higher returns to the company. 
  • This leads to the growth and long existence of the company. 
  • As the Joint Stock company conducts its activities on a large scale, it provides employment to a large number of members. 
  • Due to all the above reasons, Joint Stock Company is superior to other forms of business organization.

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