Company form of organizations has developed before industrial revolution.

This statement is False

i. The Industrial Revolution was a transformation of human life circumstances that occurred in the late eighteenth and early nineteenth centuries in Britain, the United States, and Western Europe due to large measures to advances in the technologies of industry.

ii. This brought about rapid changes in the field of production, marketing, demand, selling strategies, etc.

iii. It leads to the requirement of huge capital investments which was not possible for sole trader and partnership firm.

iv. Thus Joint Stock Companies came into existence. Therefore, we can say that company form of organization has developed after the industrial revolution.