Serena's company (corporation) decided to reduce the number of levels within the job structure and as a result, she has 20 more people who report to her. Her company implemented delayering.
A company often known as co., is a legal entity that stands in for a group of people with a particular goal who are either natural, legal, or a combination of the two. Members of the company work together for a shared cause to accomplish clearly stated objectives. Companies can take many different forms, including:voluntary associations with a focus on making money, such as nonprofits and corporate entities, Financial institutions, banks, and/or educational institutions
A company can be established as a legal entity with limited liability as long as its members uphold the terms of the publicly proclaimed incorporation or published policy. It could be necessary to liquidate a firm after it closed in order to discharge any outstanding debts.
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