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The merits of Government companies are:

1. A Government Company can be formed very easily, as no special Act of parliament is needed for its formation.

2. Unlike the officers who manage a departmental undertaking, the directors of a Government company are free to take decisions. Therefore, they can take quick decisions and prompt action according to the circumstances 

3. In a Government company, there is room for joint ownership by the government and the members of the public.

The demerits of Government companies are:

1. The directors of a Government company are merely paid officials. They do not get any share in the profits of the company. Therefore, they may not take active interest in the management of the company. 

2. The directors of a Government company are appointed by the Government. So, they spend more time in pleasing the ministers, top Government officials and political leaders than in managing the business of the company. 

3. In practice, the directors of a government company are not answerable for their action either to the parliament or to the general public. Therefore, they may be tempted to do certain things which may go against public interest.

The main differences between a departmental undertaking and a public corporation are:

1. As a departmental undertaking does not have a separate legal entity, it cannot be used. On the other hand, statutory corporation has a separate legal entity, it can be sued. 

2. The funds of a departmental undertaking consist of budgetary allocation made by the Government. But the funds of a statutory corporation consist of share capital wholly contributed by the government and funds borrowed by the corporation from the government or from the public. 

3. A departmental undertaking is subject to more government control and regulation than a statutory corporation. 

4. A departmental undertaking does not enjoy flexibility of operations, whereas a statutory corporation has considerable flexibility of operations. 

5. A departmental undertaking cannot borrow funds from the public. But a statutory corporation can borrow funds from the public.

6. A departmental oranisation is an old type of state enterprise, whereas a statutory corporation is a modern type of state enterprise. 

7. A departmental organization is not created by any act, whereas a statutory corporation is created by a special act of the parliament. 

8. A departmental undertaking is established by a ministry. But a public corporation is established by the parliament or legislature. 

9. A departmental undertaking does not have a separate legal entity. On the other hand, a statutory corporation has a separate legal entity. 

10. A departmental undertaking is subject to more government control and regulation than statutory corporations.

The main differences between departmental organisations, public corporations and Government companies are as follows:

1. Departmental organisations are the oldest form of state enterprises, whereas public corporations and Government companies are the modem forms of state enterprises. 

2. A departmental organization is not governed under any act. A public corporation governed under a special act. A Government company is governed under the Companies Act. 

3. A departmental organization does not have a separate legal entity. A public corporation has a separate legal entity.

4. A departmental organization cannot borrow funds from the public. On the other hand, a public corporation and a Government company can borrow funds from the public. 

5. A departmental organization is established by ministry. A public corporation established by ministry. A Government company is established by the Government or by the government and private investors. 

6. A departmental organisation is liable to more political interference than a public corporation and a government company. 

7. A departmental organisation is subject to more Government control in respect of accounting, audit, etc. than a public corporation and a government company. 

8. A departmental organisation does not enjoy flexibility of operations. A public corporation has considerable flexibility. A government company has enough flexibility. 

9. Departmental organisations and public corporations have more public accountability than the Government companies. 

10. Departmental organisations are not run on commercial principles. Public corporations are run more with service motive than with profit motive. Government Companies is run purely on commercial principles.

The main differences between a departmental undertaking and a Government company are:

1. A departmental undertaking does not enjoy autonomy, whereas a Government company has some autonomy. 

2. A departmental organisation is liable to political interference, whereas a government company is comparatively free for political interference. 

3. A departmental organisation does not enjoy flexibility. But a Government company has enough flexibility. 

4. A departmental undertaking has more public accountability than a government company.

5. A departmental undertaking is not run on commercial principles, whereas a Government company is run purely on commercial principles. 

6. A departmental undertaking is an old form of state enterprise, whereas a Government company is a modern form of state enterprise. 

7. A departmental undertaking is not brought into existence under any act, whereas a Government company is brought into existence under the companies Act. 

8. A departmental undertaking does not provide for mixed ownership, whereas a Government company provides for mixed ownership. 

9. A departmental undertaking does not have separate legal entity. But a Government company has separate legal entity.

Global business generally refers to international trade. A company which is doing business all over the world, that business are called global enterprises. Earlier also there was the exchange of goods over great distances. Such trade, of course, was not by definition global but had the same characteristics. 

1. Huge capital resources: These enterprises have huge financial resources.  They have the ability to raise funds from different sources. Funds are raised by the issue of issuing equity shares, debentures, etc to the public. The investors of the host countries are always willing to invest in them because of their high credibility in the market.

2. Foreign collaboration: With companies of the host countries, these enterprises enter into agreements. These agreements are made in respect of the sale of technology, production of goods, patents, resources, etc.

3. Expansion of market territory: They expand their market territory when the network of operations of these enterprises extends beyond their existing physical boundaries. They occupy dominant positions in various markets by operating through their branches, subsidiaries in host countries.

4. Centralised control: Despite the fact the branches of these branches of these enterprises are spread over in many countries, they are managed and controlled by their Head Office (HO) in their home country only. All these branches have to work within the broad policy framework of their parent company.