Informal and Formal groups

By |2022-09-15T12:37:27+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

An informal group of friends. Image credit huffingtonpost.com

ZIMSEC O Level Business Studies Notes: Informal and Formal groups

  • Businesses are formal groups which are created to perform an economic activity and achieve set objectives which may include profit, growth, provision of essential services etc.
  • Informal groups can emerge within these […]