Економија - 21692

БЛАГОЈЕ ПАУНОВИЋ • МИЛУТИН ДОБРИЛОВИЋ

ЕКОНОМИЈА

за први разред средњих стручних школа ОБРАЗОВНИ ПРОФИЛ ПОСЛОВНИ АДМИНИСТРАТОР

Садржај

Садржај ҨӛӐӏӍәӌәӛ...................................................................................................................................... 7 * ҨҩҞҝҬҠҞӃҞ ҨәӜӖәӌӘӊ ӐӕәӘәӗӓӲӊ ӕӊә ӜӓӜӝӐӗ ӐӕәӘәӗӜӕӓӠ ӘӊӞӕӊ 8 ҧӏӘәӜ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ӓ ӐӕәӘәӗӓӕӐ ӚӛӐӏӞӒӐӵӊ 10 ҨәӲӊӗ ӘӊӜӝӊӘӊӕ ӓ әӜӘәӌӘӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӚӛӐӏӞӒӐӵӊ 11 ҨӛӐӏӞӒӐӵӐ ӕӊә ӜӊӗәӜӝӊӖӊӘ ӐӕәӘәӗӜӕӓ ӜӞӋӲӐӕӊӝ ҨӛӐӏӞӒӐӵӐ ӕӊә әӛӍӊӘӓӒәӌӊӘӊ ӐӕәӘәӗӜӕӊ ӡӐӖӓӘӊ 12 ҫӛӊӘӜӟәӛӗӊӡӓӲӊ ӞӖӊӍӊӴӊ Ӟ ӛӐӒӞӖӝӊӝӐ Ӟ ӚӛәӡӐӜӞ ӜӝӌӊӛӊӴӊ ӌӛӐӏӘәӜӝӓ 12 ҩӊӒӖәӒӓ ӚәӜӝәӲӊӴӊ ӚӛӐӏӞӒӐӵӊ 15 ҨәӏӐӖӊ ӚӛӐӏӞӒӐӵӊ 18 ҨәӏӐӖӊ ӚӛӐӏӞӒӐӵӊ ӚӛӐӗӊ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊӗӊ ӝӛӊӘӜӟәӛӗӊӡӓәӘәӍ ӚӛәӡӐӜӊ 18 ҨәӏӐӖӊ ӚӛӐӏӞӒӐӵӊ ӚӛӐӗӊӌӐӖӓӢӓӘӓ 21 ҨӛӓӌӛӐӏӘӊ ӏӛӞӣӝӌӊ 29 ҨәӲӊӗ ӓ ӌӛӜӝӐ ӲӊӌӘӓӠ ӚӛӐӏӞӒӐӵӊ 36 ҠӘӊӢӊӲ ӡӓӳӐӌӊ Ӓӊ ӐӟӓӕӊӜӘәӜӝ ӓ ӐӟӐӕӝӓӌӘәӜӝ ӚӛӐӏӞӒӐӵӊ 38 ҨәӲӊӗ ӓ ӌӛӜӝӐ әӕӛӞӑӐӴӊ ӚӛӐӏӞӒӐӵӊ 40 ҨәӲӊӗ ӓ ӜӝӛӞӕӝӞӛӊ ӟӞӘӕӡӓӲӊ ӚӛӐӏӞӒӐӵӊ 43 ҬӚӛӊӌӳӊӴӐ 43 ҩӞӕәӌәӬӐӴӐ 44 ҡӒӌӛӣӐӴӐ 44 ** ҪҩҞҝҪҫҚҘ ҨҩҞҝҬҠҞӃҘ ҨәӲӊӗ ӜӛӐӏӜӝӊӌӊ ӚӛӐӏӞӒӐӵӊ 48 ҚӛӜӝӐ ӜӛӐӏӜӝӊӌӊ ӚӛӐӏӞӒӐӵӊ 49 ҪӛӐӏӜӝӌӊ Әӊ ӕӛӞӑӘәӗ ӚӞӝӞ ӡӓӕӖӞӜӊ ӛӐӚӛәӏӞӕӡӓӲӐ....................................................... 52 ҘӘӍӊӑәӌӊӴӐ ӜӛӐӏӜӝӊӌӊ 52 үӓӕӖӞӜ ӛӐӚӛәӏӞӕӡӓӲӐ 54 ҨәӕӊӒӊӝӐӳӓ ӐӟӓӕӊӜӘәӜӝӓ ӛӐӚӛәӏӞӕәӌӊӴӊ ӜӛӐӏӜӝӊӌӊ 57 ҧӜӘәӌӘӊ ӜӛӐӏӜӝӌӊ 59 ҨәӲӊӗ ӓ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ әӜӘәӌӘӓӠ ӜӛӐӏӜӝӊӌӊ 59 ҚӛӜӝӐ әӜӘәӌӘӓӠ ӜӛӐӏӜӝӊӌӊ 60 ҧӋӛӝӘӊ ӜӛӐӏӜӝӌӊ 63 ҨәӲӊӗ ӓ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ әӋӛӝӘӓӠ ӜӛӐӏӜӝӊӌӊ 63 ҚӛӜӝӐ әӋӛӝӘӓӠ ӜӛӐӏӜӝӊӌӊ.............................................................................................. 64 ҡӒӌәӛӓ ӜӛӐӏӜӝӊӌӊ ӚӛӐӏӞӒӐӵӊ 66

4 *** ҫҩҧұңҧҚҡ ҫӛӊӘӜӟәӛӗӊӡӓӲӊ ӞӖәӑӐӘӓӠ ӛӐӜӞӛӜӊ Ӟ ӛӐӒӞӖӝӊӝӐ 72 ҫӛәӣӐӴӐ ӟӊӕӝәӛӊ ӚӛәӓӒӌәӏӴӐ 73 ҫӛәӣӕәӌӓ ӓ Ӟӝӛәӣӡӓ 75 Ҭӝӛәӣӡӓ ӗӊӝӐӛӓӲӊӖӊ 76 Ҭӝӛәӣӡӓ ӜӛӐӏӜӝӊӌӊ Ӓӊ ӛӊӏ 78 Ҭӝӛәӣӡӓ ӛӊӏӘӐ ӜӘӊӍӐ 80 ҚӛӜӝӐ ӝӛәӣӕәӌӊ 82 ҨәӏӐӖӊ ӝӛәӣӕәӌӊ ӚӛӐӗӊ ӟӊӕӝәӛӓӗӊ ӚӛәӓӒӌәӏӴӐ 82 ҨәӏӐӖӊ ӝӛәӣӕәӌӊ ӚӛӐӗӊ ӗӐӜӝӓӗӊ ӘӊӜӝӊӘӕӊ 82 ҨәӏӐӖӊ ӝӛәӣӕәӌӊ ӚӛӐӗӊ ӌӐӒӊӘәӜӝӓ Ӓӊ ӘәӜӓәӡӐ 83 ҨәӏӐӖӊ ӝӛәӣӕәӌӊ ӚӛӐӗӊ ӘӊӢӓӘӞ ӚӛӐӘәӣӐӴӊ Әӊ ӘәӜӓәӡӐ 83 ҨәӏӐӖӊ ӝӛәӣӕәӌӊ Ӟ ӒӊӌӓӜӘәӜӝӓ әӏ ӏӓӘӊӗӓӕӐ әӋӓӗӊ ӚӛәӓӒӌәӏӴӐ 83 ҫӛәӣӕәӌӓ Ӟ ӕӛӊӝӕәӗ ӛәӕӞ 85 ҭӓӕӜӘӓ ӝӛәӣӕәӌӓ 85 ҚӊӛӓӲӊӋӓӖӘӓ ӝӛәӣӕәӌӓ 87 қӛӊӘӓӢӘӓ ӝӛәӣӕәӌӓ 89 ҝӓӘӊӗӓӕӊ ӞӕӞӚӘӓӠ ӝӛәӣӕәӌӊ 90 ҫӛәӣӕәӌӓ Ӟ ӏӞӍәӗ ӛәӕӞ........................................................................................................ 92 ҨәӲӊӗ ӓ ӌӛӜӝӐ ӕӊӖӕӞӖӊӡӓӲӊ ӝӛәӣӕәӌӊ 96 *7 ҩҞҠҬҤҫҘҫҡ ҨҧҪҤҧҚҘӂҘ ҨҩҞҝҬҠҞӃҘ ҨӛӓӠәӏ ӚӛӐӏӞӒӐӵӊ 103 ҨәӲӊӗ ӓ ӌӛӜӝӐ ӚӛӓӠәӏӊ ӚӛӐӏӞӒӐӵӊ 103 ҭӊӕӝәӛӓ ӕәӲӓ ӞӝӓӢӞ Әӊ ӚӛӓӠәӏ ӚӛӐӏӞӒӐӵӊ 109 Ҩӛәӟӓӝ ӚӛӐӏӞӒӐӵӊ............................................................................................................... 112 ҨәӲӊӗ ӓ ӓӒӌәӛӓ Ӛӛәӟӓӝӊ ӚӛӐӏӞӒӐӵӊ 112 ҚӛӜӝӐ Ӛӛәӟӓӝӊ ӚӛӐӏӞӒӐӵӊ 116 7 ҞңҧҦҧҥҪңҡ ҨҩҡҦүҡҨҡ ҨҧҪҤҧҚҘӂҘ ҨҩҞҝҬҠҞӃҘ ҧӜӘәӌӘӓ ӐӕәӘәӗӜӕӓ ӚӛӓӘӡӓӚӓ ӚәӜӖәӌӊӴӊ ӚӛӐӏӞӒӐӵӊ 122 ҨӛәӏӞӕӝӓӌӘәӜӝ 125 ҨәӲӊӗ ӚӛәӏӞӕӝӓӌӘәӜӝӓ 125 ҥӐӛӐӴӐ ӚӛәӏӞӕӝӓӌӘәӜӝӓ 126 ҬӘӊӚӛӐӬӐӴӐ ӚӛәӏӞӕӝӓӌӘәӜӝӓ 130 ҞӕәӘәӗӓӢӘәӜӝ 134 ҨәӲӊӗ ӐӕәӘәӗӓӢӘәӜӝӓ 134 ҘӘӊӖӓӒӊ ӐӕәӘәӗӓӢӘәӜӝӓ 135 ҡӒӌәӛӓ ӐӕәӘәӗӓӢӘәӜӝӓ 136 ҩӐӘӝӊӋӓӖӘәӜӝ 139 ҠӘӊӢӐӴӐ ӓ ӒӘӊӢӊӲ ӛӐӘӝӊӋӓӖӘәӜӝӓ ӚӛӐӏӞӒӐӵӊ.......................................................... 139 ҘӘӊӖӓӒӊ ӛӐӘӝӊӋӓӖӘәӜӝӓ ӚӛӐӏӞӒӐӵӊ 140 ҥӐӛӐӴӐ ӛӐӘӝӊӋӓӖӘәӜӝӓ ӚӛӐӏӞӒӐӵӊ 142 ҬӘӊӚӛӐӬӐӴӐ ӛӐӘӝӊӋӓӖӘәӜӝӓ ӚӛӐӏӞӒӐӵӊ 144

ҩӐӢӘӓӕ ӚәӲӗәӌӊ ӓ ӓӒӛӊӒӊ 147 ҤӓӝӐӛӊӝӞӛӊ 151

5

ПРЕДГОВОР ҨӛӐӏӗӐӝ ҞӕәӘәӗӓӲӊ ӓӒӞӢӊӌӊ ӜӐ Ӟ Ӝӌӊ ӢӐӝӓӛӓ ӛӊӒӛӐӏӊ ӜӛӐӏӴӐ ӐӕәӘәӗӜӕӐ ӣӕәӖӐ әӋӛӊӒәӌӘәӍ ӚӛәӟӓӖӊ ՖՕ՘ՒՕՈՔՏ ՆՋՓՏՔՏ՘ՙ՗ՆՙՕ՗ ҧӌә ӲӐ Ӛӛӌӓ ӞӸӋӐӘӓӕ ӕәӲӓ ӵӐ ӞӢӐӘӓӡӓ ӕәӛӓӜӝӓӝӓ ӓӒ әӌӐ әӋӖӊӜӝӓ Ӟ ӝәӕӞ ӜӛӐӏӴә ӣӕәӖӜӕәӍ әӋӛӊӒәӌӊӴӊ ҧӝӞӏӊ ӓ ӜӚӐӡӓӟӓӢӊӘ ӚӛӓӜӝӞӚ Ӟ ӊӘӊӖӓӒӓ ӓ әӋӛӊӏӓ ӝӐӗӊӝӜӕӓӠ әӋӖӊӜӝӓ Ҩәӣӝә ӜӐ әӌӊӲ ӚӛӐӏӗӐӝ ӓӒ Ӟ Ӣӊ ӌӊ Ӟ Ӛӛӌәӗ ӛӊӒӛӐӏӞ ӜӛӐӏӴӐ ӣӕәӖӐ ӓ ӚӛӐӏӜӝӊӌӳӊ ӲӐӏӘӞ әӏ Ӛӛ ӌӓӠ ӐӕәӘәӗӜӕӓӠ ӏӓ Ӝӡӓ ӚӖӓ Әӊ ӕә ӲӞ ӞӢӐӘӓӡӓ ӓӒ Ӟ Ӣӊ ӌӊ ӲӞ ӒӊӠ ӝӐ ӌӊ ӜӐ ӚәӜӝӞӚӘәӜӝ Ӟ ӓӒ Ӗӊ Ӎӊ ӴӞ ӗӊӝӐӛӓӲӐ ӓӒ Ӌәӛ ӘӊӲ ӛӐ ӖӐ ӌ ӊӘӝ Әӓ ӲӓӠ Ӛӓ ӝӊ Ӵӊ ӕәӘ ӡӐ Ӛӊ ӝӊ ӓ ӝӐ ә ӛӓ Ӳӊ ӕӊә ӓ ӋӛәӲ Әӓ Ӛӛӓ ӗӐ ӛӓ ӓ ӓӖӞ Ӝ ӝӛӊ ӡӓ ӲӐ ҦӊӜӝәӲӊӖӓ Ӝӗә ӏӊ ӓӒӖӊӍӊӴӐ ӚӛӓӖӊӍәӏӓӗә ӞӒӛӊӜӝӞ ӞӢӐӘӓӕӊ ӞӒ ӏәӜӖӐӏӘә ӞӌӊӑӊӌӊӴӐ ӕӛӓӝӐӛӓӲӞӗӊ ӐӕәӘәӗ ӜӕӐ ӘӊӞӕӐ ӓ ӜӝӛӞӕӐ Ҩӛӓӝәӗ ӌәӏӓӖӓ Ӝӗә ӛӊӢӞӘӊ ӓ ә ӜӊӏӛӑӊӲӞ ӜӛәӏӘӓӠ ӘӊӜӝӊӌӘӓӠ ӏӓ ӜӡӓӚӖӓӘӊ ӕәӲӐ ӜӐ ӓӒӞӢӊӌӊӲӞ Ӟ әӌӓӗ ӣӕәӖӊӗӊ Ҭ әӌәӗ ӞӸӋӐӘӓӕӞ ӞӢӐӘӓӡӓ ӵӐ ӞӚәӒӘӊӝӓ ӒӘӊӢӐӴӐ ӓ ӒӘӊӢӊӲ ӚӛӐӏӞӒӐӵӊ ӕӊә әӜӘәӌӘәӍ ӚӛӓӌӛӐӏӘәӍ ӜӞӋӲӐӕӝӊ ӝӛӑӓӣӘӐ ӚӛӓӌӛӐӏӐ ӊӘӊӖӓӒӓӛӊӲӞӵӓ ӛӊӒӘәӌӛӜӘәӜӝ ӚәӜӖәӌӘӓӠ ӚӛәӋӖӐӗӊ ӓ ӕәӗӚӖӐӕӜӘәӜӝ ӚәӜӖәӌӊӴӊ ӜӊӌӛӐӗӐӘәӍ ӚӛӐӏӞӒӐӵӊ ҨәӜӐӋӘӊ ӚӊӑӴӊ ӚәӜӌӐӵӐӘӊ ӲӐ ӋӓӝӘӓӗ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊӗӊ ӚӛӐӏӞӒӐӵӊ ӜӚӐӡӓӟӓӢӘәӜӝӓӗӊ әӜӘәӌӘӓӠ ӌӛӜӝӊ ӚӛӐӏӞӒӐӵӊ ӜӛӐӏӜӝӌӓӗӊ ӝӛәӣӕәӌӓӗӊ ӓ ӛӐӒӞӖӝӊӝӓӗӊ ӚәӜӖәӌӊӴӊ ӚӛӐӏӞӒӐӵӊ ӕӊә ӓ әӜӘәӌӘӓӗ

ӚӛӓӘӡӓӚӓӗӊ ӚәӜӖәӌӊӴӊ ӚӛӐӏӞӒӐӵӊ әӏӘәӜӘә ӚӛәӏӞӕӝӓӌӘәӜӝӓ ӐӕәӘәӗӓӢӘәӜӝӓ ӓ ӛӐӘӝӊӋӓӖӘәӜӝӓ ҨәӖӊӒӐӵӓ әӏ ӝәӍӊ ӞӸӋӐӘӓӕ ӜӐ ӜӊӜӝәӲӓ әӏ ӚӐӝ ӏӐӖәӌӊ r ҨӛӐӏӞӒӐӵӐ r ҪӛӐӏӜӝӌӊ ӚӛӐӏӞӒӐӵӊ r ҫӛәӣӕәӌӓ r ҩӐӒӞӖӝӊӝӓ ӚәӜӖәӌӊӴӊ ӚӛӐӏӞӒӐӵӊ ӓ r ҞӕәӘәӗӜӕӓ ӚӛӓӘӡӓӚӓ ӚәӜӖәӌӊӴӊ ӚӛӐӏӞӒӐӵӊ ҨӓӜӊӴӐ ӝӐӕӜӝӊ ӗӐӬӞӜәӋӘә Ӝӗә ӚәӏӐӖӓӖӓ ӚӛӐӗӊ ӖӓӢӘӓӗ ӜӕӖәӘәӜӝӓӗӊ ӓ ӓӘӝӐӛӐӜәӌӊӴӓӗӊ ҫӊӕә ӲӐ * *** ӓ IV ӚәӍӖӊӌӳӐ әӋӛӊӏӓә ҙӖӊӍәӲӐ ҨӊӞӘәӌӓӵ ӊ II ӓ 7 ӚәӍӖӊӌӳӐ әӋӛӊӏӓә ӲӐ ҥӓӖӞӝӓӘ ҝәӋӛӓӖәӌӓӵ Ҧӊ Ӝӝә Ӳӊ ӴӐ ӏӊ ӜӐ ӓӜ ӚӞ ӘӐ Ӝӌӓ Әӊ ӌӐ ӏӐ Әӓ ӒӊӠ ӝӐ ӌӓ ӓ ӛӐ ӊ Ӗӓ ӒӞ ӲӞ Ӛә Ӝӝӊ ӌӳӐ Әӓ ӡӓ ӳӐ ӌӓ ӚӛӐӏ Ӝӝӊ ӌӳӊ Ӗә ӲӐ ӌӐ Ӗӓ ӕӓ ӓӒӊ Ӓәӌ ӊӖӓ ӓ Ӛә ӜӐӋ Әә Ӓӊ ӏә ӌәӳ Ӝӝӌә Ҭ әӋӖӓӕәӌӊӴӞ ӕәӘӊӢӘәӍ ӝӐӕӜӝӊ ӒӘӊӝӘә ӜӞ ӚәӗәӍӖӓ ӛӐӡӐӘӒӐӘӝӓ ӕәӲӓ ӜӞ ӜӌәӲӓӗ ӕәӛӓӜӘӓӗ ӕәӗӐӘӝӊӛӓӗӊ ӓ ӜӞӍӐӜӝӓӲӊӗӊ ӏәӚӛӓӘӐӖӓ ӚәӋәӳӣӊӴӞ ӝӐӕӜӝӊ Әӊ ӢӐӗӞ ӓӗ ӜӐ ӓ әӌәӗ ӚӛӓӖӓӕәӗ ӜӛӏӊӢӘә ӒӊӠӌӊӳӞӲӐӗә ҝӊ Ӗӓ Ӝӗә ӓ Ӟ ӕә ӲәӲ ӗӐ ӛӓ ӞӜ ӚӐӖӓ ӏӊ ӏәӜӝӓӍӘӐӗә әӏӍәӌӊӛӊӲӞӵӓ ӕӌӊӖӓӝӐӝ ӞӸӋӐӘӓӕӊ Ӝӊ ӒӘӊ ӵӗә ӝӐӕ ӕӊ ӏӊ Ӝӊ ӍӖӐ ӏӊӗә ӗӓӣ ӳӐ Ӵӊ Ӝӌә ӲӓӠ Ӣӓ ӝӊ Ӗӊ ӡӊ m ӞӢӐӘӓӕӊ ӚӛәӟӐӜәӛӊ ӓ ӜӝӛӞӢ ӘӐ Ӳӊӌ Әә Ӝӝӓ

Ҭ ҙӐәӍӛӊӏӞ ӊӚӛӓӖB ӍәӏӓӘӐ Ԕ՚ՙՕ՗Տ

Предговор

7

I. ҨҩҞҝҬҠҞӃҞ САДРЖАЈ

ҨәӜӖәӌӘӊ ӐӕәӘәӗӓӲӊ ӕӊә ӜӓӜӝӐӗ ӐӕәӘәӗӜӕӓӠ ӘӊӞӕӊ ҧӏӘәӜ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ӓ ӐӕәӘәӗӓӕӐ ӚӛӐӏӞӒӐӵӊ ҨәӲӊӗ ӘӊӜӝӊӘӊӕ ӓ әӜӘәӌӘӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӚӛӐӏӞӒӐӵӊ ҩӊӒӖәӒӓ ӚәӜӝәӲӊӴӊ ӚӛӐӏӞӒӐӵӊ ҨәӏӐӖӊ ӚӛӐӏӞӒӐӵӊ ҨәӲӊӗ ӓ ӌӛӜӝӐ ӲӊӌӘӓӠ ӚӛӐӏӞӒӐӵӊ ҠӘӊӢӊӲ ӡӓӳӐӌӊ Ӓӊ ӐӟӓӕӊӜӘәӜӝ ӓ ӐӟӐӕӝӓӌӘәӜӝ ӚӛӐӏӞӒӐӵӊ ҨәӲӊӗ ӓ ӌӛӜӝӐ әӕӛӞӑӐӴӊ ӚӛӐӏӞӒӐӵӊ ҨәӲӊӗ ӓ ӜӝӛӞӕӝӞӛӊ ӟӞӘӕӡӓӲӊ ӚӛӐӏӞӒӐӵӊ

КАДА САВЛАДАТЕ ГРАДИВО ОВОГ ПОГЛАВЉА МОЋИ ЋЕТЕ ДА : r ӏӐӟӓӘӓӣӐӝӐ ӚәӲӊӗ ӚәӜӖәӌӘӊ ӐӕәӘәӗӓӲӊ ӓ ӋәӳӐ ӛӊӒӞӗӐӝӐ ӚӛӐӏӗӐӝ ӓ ӡӓӳ ӓӒӞӢӊӌӊӴӊ ӛӊӒӖӓӢӓӝӓӠ ӏӓӜӡӓӚӖӓӘӊ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ r ӛӊӒӞӗӐӝӐ ӗӐӜӝә ӐӕәӘәӗӓӕӐ ӚӛӐӏӞӒӐӵӊ Ӟ ӜӓӜӝӐӗӞ ӏӓӜӡӓӚӖӓӘӊ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ r ӏӐӟӓӘӓӣӐӝӐ ӣӝӊ ӲӐ ӚӛӐӏӞӒӐӵӐ әӋӲӊӜӘӓӝӐ ӴӐӍәӌӐ әӚӣӝӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӓ ӛӊӒӖәӍӐ ӚәӜӝәӲӊӴӊ r ӛӊӒӞӗӐӝӐ ӜӚӐӡӓӟӓӢӘӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӛӊӒӖӓӢӓӝӓӠ ӌӛӜӝӊ ӚӛӐӏӞӒӐӵӊ r ӏӐӟӓӘӓӣӐӝӐ ӣӝӊ ӜӞ ӐӟӐӕӝӓӌӘәӜӝ ӓ ӐӟӓӕӊӜӘәӜӝ ӓ ӛӊӒӞӗӐӝӐ ӛӊӒӖӓӢӓӝӐ ӚӛӓӜӝӞӚӐ ӓӒӛӊӑӊӌӊӴӞ ӞӜӚӐӣӘәӜӝӓ ӚӛӐӏӞӒӐӵӊ r ӛӊӒӞӗӐӝӐ ӚәӲӊӗ ӌӛӜӝӐ ӓ ӒӘӊӢӊӲ әӕӛӞӑӐӴӊ Ӓӊ ӚәӜӖәӌӊӴӐ ӚӛӐӏӞӒӐӵӊ r ӏӐӟӓӘӓӣӐӝӐ ӟӞӘӕӡӓӲӐ ӚӛӐӏӞӒӐӵӊ

ҦӊӲӌӐӵӓ ӏӐә ӌӛӐӏӘәӜӝӓ Ӟ ӝӛӑӓӣӘӓӗ ӚӛӓӌӛӐӏӊӗӊ әӜӝӌӊӛӞӲӐ ӜӐ ӊӕӝӓӌӘәӣӵӞ ӌӐӖӓӕәӍ ӋӛәӲӊ ӚӛӐӏӞӒӐӵӊ ҨӛӐӏӞӒӐӵӐ ӲӐ әӜӘәӌӘӓ ӓ ӘӊӲӐӟӓӕӊӜӘӓӲӓ ӜӞӋӲӐӕӝ ӝӛӑӓӣӘӐ ӚӛӓӌӛӐӏӐ Ҭ ӜӊӌӛӐӗӐӘәӲ ӚӛӓӌӛӐӏӓ ӚәӜӝәӲӓ ӌӐӖӓӕӓ ӋӛәӲ ӛӊӒӖӓӢӓӝӓӠ ӌӛӜӝӊ ӚӛӐӏӞӒӐӵӊ ӕәӲӊ ӜӐ

ӗӐӬӞӜәӋӘә ӛӊӒӖӓӕӞӲӞ Ӛә ӋӛәӲӘӓӗ әӋӐӖӐӑӲӓӗӊ ҥӐӬӞӝӓӗ ӓ ӚәӛӐӏ ӝӓӠ ӛӊӒӖӓӕӊ Ӝӌӊ ӚӛӐӏӞӒӐӵӊ ӓӗӊӲӞ ӘӐӕӐ ӒӊӲӐӏӘӓӢӕӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ҨӛәӞӢӊӌӊӴӐ ӝӓӠ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊ ӚӛӐӏӜӝӊӌӳӊ ӜӊӏӛӑӓӘӞ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ӓ ӐӕәӘәӗӓӕӐ ӚӛӐӏӞӒӐӵӊ

8

ПОСЛОВНА ЕКОНОМИЈА КАО СИСТЕМ ЕКОНОМСКИХ НАУКА Ҧӊ ӚӓӝӊӴӐ ԭՙՆ ծՌ ՖՕ՘ՒՕՈՔՆ ՌՑՕՔՕՓՏծՆ? ӗәӍӞ ӜӐ ӏәӋӓӝӓ ӛӊӒӖӓӢӓӝӓ әӏӍәӌәӛӓ Ҡӊ ӲӐӏӘӐ ӚәӜӖәӌӘӊ ӐӕәӘәӗӓӲӊ ӲӐ ӚӛӓӗӐӴӐӘӊ ӗӓӕӛәӐӕәӘәӗӓӲӊ ӏӛӞӍӓ ӚәӜӖәӌӘӞ ӐӕәӘәӗӓӲӞ ӚәӓӜӝәӌӐӵӞӲӞ Ӝӊ ӘӊӞӕәӗ ә ӞӚӛӊӌӳӊӴӞ ӏәӕ Ӓӊ ӝӛӐӵӐ ӚәӜӖәӌӘӊ ӐӕәӘәӗӓӲӊ ӚӛӐӏӜӝӊӌӳӊ әӚӣӝӓ әӕӌӓӛ Ӓӊ ӊӘӊӖӓӒӞ ӚӛәӋӖӐӗӊ ӚәӜӖәӌӘәӍ әӏӖӞӢӓӌӊӴӊ Ҫӌӊӕә әӏ әӌӓӠ ӜӠӌӊӝӊӴӊ Ӟ әӜӘәӌӓ ӲӐ ӝӊӢӘә ӊӖӓ ӘӐӚәӝӚӞӘә әӏӛӊӑӊӌӊ ӜӞӣӝӓӘӞ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ԤՕ՘ՒՕՈՔՆ ՌՑՕՔՕՓՏծՆ Ֆ՗ՌՋ՘ՙՆՈկՆ ՘Ց՚Ֆ ՋՏ՘՝ՏՖՒՏՔՆ ՌՑՕՔՕՓ՘ՑՌ ՔՆ՚ՑՌ ՑՕծՌ ՏՎ՚՞ՆՈՆծ՚ ՖՕ՘ՒՕՈՆհՌ Ֆ՗ՌՋ՚ՎՌձՆ ՚ ՝Տկ՚ ՋՌ՛ՏՔՏ՘ՆհՆ ՚Ֆ՗ՆՈկՆ՞ՑՏ՜ Ֆ՗ՆՈՏՒՆ Ֆ՗ՏՔ՝ՏՖՆ Տ ՙՌ՜ՔՏՑՆ ՞ՏծՆ Ֆ՗ՏՓՌՔՆ ՚ Ֆ՗ՏՈ՗ՌՋՔՕծ Ֆ՗ՆՑ՘Տ ՕՓՕՉ՚ձՆՈՆ Ռ՛ՏՑՆ՘ՔՏծՌ Օ՘ՙՈՆ՗ՏՈՆհՌ ՝ՏկՌՈՆ Ֆ՗ՌՋ՚ՎՌձՆ ҨӛӐӗӊ ӝәӗӐ ӚәӜӖәӌӘӊ ӐӕәӘәӗӓӲӊ ӘӓӲӐ ӲӐӏӘӊ ӘӊӞӢӘӊ ӏӓӜӡӓӚӖӓӘӊ ӌӐӵ ՘Տ՘ՙՌՓ ՋՏ՘՝ՏՖՒՏՔՆ ՌՑՕՔՕՓ՘ՑՌ ՔՆ՚ՑՌ әӏӘәӜӘә ՕՇՒՆ՘ՙ ՌՑՕՔՕՓ՘ՑՌ ՔՆ՚ՑՌ Ҫӌӊӕӊ ӏӓӜӡӓӚӖӓӘӊ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ӓӒӞӢӊӌӊ ӚәӜӖәӌӊӴӐ ӚӛӐӏӞӒӐӵӊ Ӝ әӏӛӐӬӐӘәӍ ӜӝӊӘәӌӓӣӝӊ m ӚӛәӡӐӜӊ ӚӛӓӌӛӐӬӓӌӊӴӊ Ӟ әӏӛӐӬӐӘәӲ ӚӛӓӌӛӐӏӘәӲ әӋӖӊӜӝӓ ӓӖӓ ӍӛӊӘӓ ӕӊә ӣӝә ӜӞ ӓӘӏӞӜӝӛӓӲӊ ӝӛӍәӌӓӘӊ ӝӞӛӓӒӊӗ ӓ ӜӖӓӢӘә ӓӖӓ ӚәӲӐӏӓӘӓӠ ӗӊӘӓӟӐӜӝӊӡӓӲӊ ӓӖӓ ӊӜӚӐӕӊӝӊ ӚәӜӖәӌӊӴӊ ӚӛӐӏӞӒӐӵӊ ӕӊә ӣӝә ӜӞ әӛӍӊӘӓӒӊӡӓӲӊ ӚӛәӓӒӌәӏӴӊ ӝӛӑӓӣӘә ӚәӜӖәӌӊӴӐ ӟӓӘӊӘӜӓӲӜӕә ӚәӜӖәӌӊӴӐ ӓ ӜӖӓӢӘә ҨӛӐӏӞӒӐӵӐ ӕӊә әӜӘәӌӘӓ ӚӛӓӌӛӐӏӘӓ ӜӞӋӲӐӕӝ ӚӛӐӏӗӐӝ ӲӐ ӚӛәӞӢӊӌӊӴӊ ӋӛәӲӘӓӠ ӐӕәӘәӗӜӕӓӠ ӊӖӓ ӓ ӘӐӐӕәӘәӗӜӕӓӠ ӘӊӞӢӘӓӠ ӏӓ ӜӡӓӚӖӓӘӊ ҡӒӗӐӬӞ әӌӓӠ ӏӓӜӡӓӚӖӓӘӊ ӚәӜӝәӲӐ ӌӐӵӐ ӓӖӓ ӗӊӴӐ ӛӊӒӖӓӕӐ Ӟ ӚәӍӖӐӏӞ ӡӓӳӊ ӓ ӗӐӝәӏӊ ӚӛәӞӢӊӌӊӴӊ ӚӛӐӏӞӒӐӵӊ ӜӠӌӊӝӊӴӞ ӚӛӐӏӞӒӐӵӊ ӓ ӴӐӍәӌӓӠ ӋӓӝӘӓӠ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊ ӕӊә ӓ Ӟ ӒӘӊӢӊӲӞ ӕәӲӓ ӚӛӓӏӊӲӞ ӚәӲӐӏӓӘӓӗ

ӊӜӚӐӕӝӓӗӊ ӟӞӘӕӡӓәӘӓӜӊӴӊ ӚӛӐӏӞӒӐӵӊ Ҩӛӓӝәӗ ӘӊӲӗӊӴӐ ӛӊӒӖӓӕӐ ӚәӜӝәӲӐ ӓӒӗӐӬӞ ӏӓ ӜӡӓӚӖӓӘӊ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ҝӐӝӊӳӘӓӲӓ Ӟӌӓӏ Ӟ ӚӛӐӏӗӐӝ ӓӒӞӢӊӌӊӴӊ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ӗәӑӐ ӜӐ ӜӝӐӵӓ Әӊ әӜӘәӌӞ ӚӛӐӍӖӐӏӊ ӘӊӜӝӊӌӘә ӘӊӞӢӘӓӠ ӏӓӜӡӓӚӖӓӘӊ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ӕәӲӐ ӜӐ әӋӓӢӘә ӓӒӞӢӊӌӊӲӞ Әӊ ӌӓӜәӕӓӗ ӚәӜӖәӌӘӓӗ ӣӕәӖӊӗӊ ӓӖӓ ӟӊӕӞӖӝӐӝӓӗӊ ӝӊӋӐӖӊ

Ҭ ӝӊӋӐӖӓ ӘӊӌӐӏӐӘӐ ӜӞ ӜӝӊӘӏӊӛӏӘӐ ӏӓ ӜӡӓӚӖӓӘӐ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ӊ ӕӖӊӜӓӟӓӕӊӡӓӲӊ ӏӓӜӡӓӚӖӓӘӊ Ӟ ӢӐӝӓӛӓ ӍӛӞӚӐ ӞӛӊӬӐӘӊ

ҫӊӋӐӖӊ Ԥ՗ՌՉՒՌՋ ՋՏ՘՝ՏՖՒՏՔՆ ՖՕ՘ՒՕՈՔՌ ՌՑՕՔՕՓՏծՌ ҞӕәӘәӗӓӕӊ ӚӛӐӏӞӒӐӵӊ ҨәӜӖәӌӘә ӞӚӛӊӌӳӊӴӐ ҥӐӘӊӸӗӐӘӝ

ҧӛӍӊӘӓӒӊӡӓӲӊ ҬӚӛӊӌӳӊӴӐ ӚӛәӓӒӌәӏӴәӗ ҥӊӛӕӐӝӓӘӍ ҭӞӘӕӡӓәӘӊӖӘӊ ҬӚӛӊӌӳӊӴӐ ӟӓӘӊӘӜӓӲӊӗӊ ӚәӏӛӞӢӲӊ ҬӚӛӊӌӳӊӴӐ ӳӞӏӜӕӓӗ ӛӐӜӞӛӜӓӗӊ ҩӊӢӞӘәӌәӏӜӝӌә ҦӊӞӕӊ ә ӚәӘӊӣӊӴӞ ҨәӗәӵӘӊ ӚәӏӛӞӢӲӊ ҡӘӟәӛӗӊӝӓӕӊ ңӌӊӘӝӓӝӊӝӓӌӘӊ ӊӘӊӖӓӒӊ ҙӊӘӕӊӛӜӝӌә ҧӜӓӍӞӛӊӴӐ ҥӐӬӞӘӊӛәӏӘә ӚәӜӖәӌӊӴӐ ҨәӜӐӋӘӊ ӚәӏӛӞӢӲӊ ҫӛӍәӌӓӘӊ ҪӊәӋӛӊӵӊӲ ҫӞӛӓӒӊӗ ҧӚӣӝӐ ӏӓӜӡӓӚӖӓӘӐ

Пословна економија као систем економских наука

ӲӐ ӚӛӐӗӊ ӴӓӠәӌӓӗ ӚӛӐәӌӖӊӬӞӲӞӵӓӗ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊӗӊ ҪӝәӍӊ ӏӊӝӞ ӕӖӊӜӓӟӓӕӊӡӓӲӞ ӝӛӐӋӊ ӜӠӌӊӝӓӝӓ ӞӜӖәӌӘә Ӛәӣӝә Ӌӓ ӘӐӕӐ ӏӓӜӡӓӚӖӓӘӐ Ӛә ӜӌәӲӓӗ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊӗӊ ӗәӍӖӐ ӚӛӓӚӊӏӊӝӓ ӛӊӒӖӓӢӓӝӓӗ ӍӛӞӚӊӗӊ ҫӊӕә Ӌӓ ӜӐ ӛӊӢӞӘәӌәӏӜӝӌә ӕәӲӐ ӚӛӐӏӜӝӊӌӳӊ ӘӐ Ӝӊӗә ӒӘӊӢӊӲӘӞ ӚәӗәӵӘӞ ӗӐӝәӏәӖәӣӕӞ ӏӓӜӡӓӚӖӓӘӞ ӌӐӵ ӓ ӚәӜӖәӌӘӞ ӟӞӘӕӡӓӲӞ ӗәӍӖә ӞӌӛӜӝӓӝӓ Ӟ ӟӞӘӕӡӓәӘӊӖӘӊ ӚәӏӛӞӢӲӊ ҪӖӓӢӘә ӌӊӑӓ Ӓӊ ӚәӜӖәӌӘә ӞӚӛӊӌӳӊӴӐ ӗӐӘӊӸӗӐӘӝ ӕәӲӐ ӜӐ ӕӊә ӏӓӜӡӓӚӖӓӘӊ ӕәӲӊ ӲӐ ӛӊӒӌӓӖӊ ӋӛәӲӘӐ ӞӚӛӊӌӳӊӢӕӐ ӚӛӓӘӡӓӚӐ ӓ ӝӐӠӘӓӕӐ ӗәӑӐ ӞӌӛӜӝӓӝӓ ӓ Ӟ ӚәӗәӵӘӊ ӚәӏӛӞӢӲӊ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ Ҭ ӝӊӋӐӖӓ ӜӞ ӘӊӌӐӏӐӘӓ ӞәӋӓӢӊӲӐӘӓ ӘӊӒӓӌӓ ӚәӲӐӏӓӘӓӠ ӏӓӜӡӓӚӖӓӘӊ ӗӊӏӊ ӜӐ ӜӖӓӢӘӓ ӘӊӜӝӊӌӘӓ ӚӛәӍӛӊӗӓ Әӊ ӛӊӒӖӓӢӓӝӓӗ ӌӓӜәӕӓӗ ӚәӜӖәӌӘӓӗ ӣӕәӖӊӗӊ ӓ ӟӊӕӞӖӝӐӝӓӗӊ ӗәӍӞ ӓӒӞӢӊӌӊӝӓ Ӛәӏ ӛӊӒӖӓӢӓӝӓӗ ӘӊӒӓӌӓӗӊ ҫӊ ӕә ӜӐ ӚӛәӋӖӐӗӊӝӓӕӊ ӚәӜӖәӌӘӓӠ ӟӓӘӊӘӜӓӲӊ әӋӓӢӘә ӓӒӞӢӊӌӊ Ӟ әӕӌӓӛӞ ӘӊӜӝӊӌӘӐ ӏӓӜӡӓӚӖӓӘӐ Ӛәӏ ӘӊӒӓӌәӗ ӚәӜӖәӌӘӐ ӟӓӘӊӘӜӓӲӐ ӞӚӛӊӌӳӊӴӐ ӟӓӘӊӘӜӓӲӊӗӊ ӟӓӘӊӘӜӓӲӜӕӓ ӗӐӘӊӸӗӐӘӝ ӕәӛӚәӛӊӝӓӌӘӐ ӟӓӘӊӘӜӓӲӐ ӓ ӜӖӓӢӘә ҪӖӓӢӘә ӝәӗӐ ӚӛәӋӖӐӗӊӝӓӕӊ ӚәӜӖәӌӊӴӊ ӝӞӛӓӜӝӓӢӕӓӠ ӚӛӐӏӞӒӐӵӊ ӓӒӞӢӊӌӊ ӜӐ Ӟ әӕӌӓӛӞ ӘӊӜӝӊӌӘӓӠ ӏӓӜӡӓӚӖӓӘӊ ӕәӲӐ ӗәӍӞ ӓӗӊӝӓ ӘӊӒӓӌ әӛӍӊӘӓӒӊӡӓӲӊ ӓ ӚәӜӖәӌӊӴӐ ӝӞӛӓӜӝӓӢӕӓӠ ӚӛӐӏӞӒӐӵӊ ӗӐӘӊӸӗӐӘӝ ӚӛӐӏӞӒӐӵӊ Ӟ ӝӞ-

9

ӛӓӒӗӞ ӓ ӠәӝӐӖӓӲӐӛӜӝӌӞ ӓ ӜӖӓӢӘә ӓӖӓ Ӟ әӕӌӓӛӞ ӞӑӓӠ ӏӓӜӡӓӚӖӓӘӊ ӕӊә ӣӝә ӜӞ ӚәӜӖәӌӊӴӐ ӝӞӛӓӜӝӓӢӕӓӠ ӊӍӐӘӡӓӲӊ ӓӖӓ ӠәӝӐӖӜӕә ӚәӜӖәӌӊӴӐ ӓӝӏ Ҫӊ ӓӒӞӒӐӝӕәӗ әӚӣӝӓӠ ӏӓӜӡӓӚӖӓӘӊ әӜӝӊӖӐ ӏӓӜӡӓӚӖӓӘӐ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ӚӛәӞӢӊӌӊӲӞ ӚәӜӖәӌӊӴӐ ӡӐӖӓӘӐ ӓӖӓ ӟӞӘӕӡӓәӘӓӜӊӴӐ ӚәӲӐӏӓӘӓӠ ӚәӜӖәӌӘӓӠ ӟӞӘӕӡӓӲӊ ӚӛӐӏӞӒӐӵӊ ӛӊӏӓ ӏӐӟӓӘӓӜӊӴӊ әӏӛӐӬӐӘӓӠ ӞӚӛӊӌӳӊӢӕӓӠ ӚӛӊӌӓӖӊ ӚӛӓӘӡӓӚӊ ӓ ӝӐӠӘӓӕӊ ӢӓӲӊ ӚӛӓӗӐӘӊ Ӟ ӚӛӓӌӛӐӏӘәӲ ӚӛӊӕӜӓ әӗәӍӞӵӊӌӊ ӐӟӓӕӊӜӘә әӜӝӌӊӛӓӌӊӴӐ ӡӓӳӐӌӊ ӚӛӐӏӞӒӐӵӊ ӕәӲӐ ӚәӜӖӞӲӐ Ӟ әӏӛӐӬӐӘәӲ әӋӖӊӜӝӓ ӓӖӓ ӍӛӊӘӓ әӏӘәӜӘә Ӟ әӏӛӐӬӐӘӓӗ ӚәӏӛӞӢӲӓӗӊ ӚәӜӖәӌӊӴӊ ӚӛӐӏӞӒӐӵӊ ҫӊӕә ҫӛӍәӌӓӘӜӕӓ ӗӐӘӊӸӗӐӘӝ ӚӛәӞӢӊӌӊ ӜӚӐӡӓӟӓӢӘӐ ӊӜӚӐӕӝӐ ӚәӜӖәӌӊӴӊ ӝӛӍәӌӓӘӜӕӓӠ ӚӛӐӏӞӒӐӵӊ ӏӊ Ӌӓ ӜӐ ӐӟӓӕӊӜӘӓӲӐ әӜӝӌӊӛӓӖӓ ӡӓӳӐӌӓ әӌӐ ӌӛӜӝӐ ӚӛӐӏӞӒӐӵӊ ӊ Әӊ ӚӛӓӗӐӛ ҥӊӛӕӐӝӓӘӍ ӚӛәӞӢӊӌӊ ӝӛӑӓӣӘӐ ӊӕӝӓӌӘәӜӝӓ ӚӛӐӏӞӒӐӵӊ ӒӘӊӢӊӲӘӐ Ӓӊ ӛӐӊӖӓӒӊӡӓӲӞ ӝӛӑӓӣӘӓӠ ӡӓӳӐӌӊ ӚӛӐӏӞӒӐӵӊ

ҨҡҫҘӂҘ ҡ ҠҘҝҘүҡ ұӝӊ ӲӐ ӚәӜӖәӌӘӊ ӐӕәӘәӗӓӲӊ ҦӊӋӛәӲӝӐ әӚӣӝӐ ӏӓӜӡӓӚӖӓӘӐ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ңәӲәӲ ӍӛӞӚӓ ӏӓӜӡӓӚӖӓӘӊ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ӚӛӓӚӊӏӊ ӛӊӢӞӘәӌәӏӜӝӌә

10

ОДНОС ПОСЛОВНЕ ЕКОНОМИЈЕ И ЕКОНОМИКЕ ПРЕДУЗЕЋА ҨӛӐӗӊ ӚӛӐӏӗӐӝӞ ӓӒӞӢӊӌӊӴӊ ӓ ӗӐӝәӏәӖәӣӕәӗ ӚӛӓӜӝӞӚӞ ՌՑՕՔՕՓՏՑՆ Ֆ՗ՌՋ՚ՎՌձՆ ӲӐ ӲӐӏӘӊ әӏ ӘӊӲәӚӣӝӓӲӓӠ ӏӓӜӡӓӚӖӓӘӊ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ҞӕәӘәӗӓӕӊ ӚӛӐӏӞӒӐӵӊ ӚӛӐӏӜӝӊӌӳӊ ӝӐәӛӓӲӜӕә ӗӐӝәӏәӖәӣӕӓ әӕӌӓӛ ӏӛӞӍӓӠ ӜӚӐӡӓӲӊӖӓӒәӌӊӘӓӠ ӏӓӜӡӓӚӖӓӘӊ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ӝӊӕә ӏӊ ӜӐ ӴӐӘ ӡӓӳ ӘӐ ӛӊӒӖӓӕӞӲӐ әӏ ӡӓӳӊ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ӊ ӚӛӐӗӐӝ ӓӒӞӢӊӌӊӴӊ ӲӐ ӡӐӖӓӘӊ ӚӛәӡӐӜӊ ӚәӜӖәӌӊӴӊ ӚӛӐӏӞӒӐӵӊ ҨәӖӊӒӐӵӓ әӏ ӝәӍӊ ӐӕәӘәӗӓӕӊ ӚӛӐӏӞӒӐӵӊ ӜӐ ӗәӑӐ ӏӐӟӓӘӓӜӊӝӓ ӕӊә ӏӓӜӡӓӚӖӓӘӊ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ӕәӲӊ ӓӒӞӢӊӌӊ ՝ՌՒՏՔ՚ ӚәӜӖәӌӊӴӊ ӚӛӐӏӞӒӐӵӊ ӛӊӏӓ ӓӒӘӊӖӊӑӐӴӊ ӒӊӕәӘӓӝәӜӝӓ ӕәӲӐ ӏӐӖӞӲӞ Ӟ ӴӐӍәӌәӲ ӐӕәӘәӗӓӲӓ Ӟ ӡӓӳӞ ӏӐӟӓӘӓӜӊӴӊ ӞӚӛӊӌӳӊӢӕӓӠ ӚӛӊӌӓӖӊ ӚӛӓӘӡӓӚӊ ӓ ӝӐӠӘӓӕӊ ӢӓӲӊ ӚӛӓӗӐӘӊ Ӟ ӚӛӓӌӛӐӏӘәӲ ӚӛӊӕӜӓ әӗәӍӞӵӊӌӊ ӐӟӓӕӊӜӘӓӲӐ әӜӝӌӊӛӓӌӊӴӐ ӡӓӳӐӌӊ ӚӛӐӏӞӒӐӵӊ ҨӛӓӗӐӴӞӲӞӵӓ ӛӐӒӞӖӝӊӝӐ ӜәӚӜӝӌӐӘӓӠ ӝӐәӛӓӲӜӕӓӠ ӞәӚӣӝӊӌӊӴӊ ӛӐӒӞӖӝӊӝӐ ӓӜӝӛӊӑӓӌӊӴӊ ӏӛӞӍӓӠ ӐӕәӘәӗӜӕӓӠ ӏӓӜӡӓӚӖӓӘӊ ӕӊә ӓ ӗӐӝәӏәӖәӍӓӲӞ ӐӕәӘәӗӜӕӐ ӘӊӞӕӐ Әӊ ӚәӜӖәӌӘӐ ӚӛәӋӖӐӗӐ ӚӛӐӏӞӒӐӵӊ ӐӕәӘәӗӓӕӊ ӚӛӐӏӞӒӐӵӊ әӗәӍӞӵӊӌӊ ӚӛӓӋӖӓӑӊӌӊӴӐ әӜӝӌӊӛӐӘӓӠ ӛӐӒӞӖӝӊӝӊ ӚәӜӖәӌӊӴӊ ӚӛӐӏӞӒӐӵӊ әӋӲӐӕӝӓӌӘә ӗәӍӞӵӓӗ Ҡӊ ӛӊӒӖӓӕӞ әӏ ӜӚӐӡӓӲӊӖӓӒәӌӊӘӓӠ ӏӓӜӡӓӚӖӓӘӊ ӐӕәӘәӗӓӕӊ ӚӛӐӏӞӒӐӵӊ ӚӛәӞӢӊӌӊ

әӚӣӝӐ ӚӛәӋӖӐӗӐ ӚәӜӖәӌӊӴӊ ӜӌӓӠ ӚӛӐӏӞӒӐӵӊ ӕӊӕә Ӌӓ ӏӐӟӓӘӓӜӊӖӊ ӚӛӓӘӡӓӚӐ ӞӚӛӊӌӳӊӢӕӊ ӚӛӊӌӓӖӊ ӝӐӠӘӓӕӐ ӓ ӗӐӛӐ ӒӘӊӢӊӲӘӐ Ӓӊ Ӑӟӓӕӊ ӜӘә әӜӝӌӊӛӓӌӊӴӐ ӡӓӳӐӌӊ ӜӌӓӠ ӚӛӐӏӞӒӐӵӊ Ҭ ӝәӗ ӜӗӓӜӖӞ ӕӊә ӓ әӜӝӊӖӐ әӚӣӝӐ ӏӓӜӡӓӚӖӓӘӐ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ӐӕәӘәӗӓӕӊ ӚӛӐӏӞӒӐӵӊ ӲӐ ӕәӗӚӖӐӗӐӘӝӊӛӘӊ ӜӚӐӡӓӲӊӖӓӒәӌӊӘӓӗ ӏӓ ӜӡӓӚӖӓӘӊӗӊ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ңӊә әӚӣӝӊ ӏӓӜӡӓӚӖӓӘӊ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ӐӕәӘәӗӓӕӊ ӚӛӐӏӞӒӐӵӊ ӚӛӐӏӜӝӊӌӳӊ ӝӐәӛӓӲӜӕә ӗӐӝәӏәӖәӣӕӞ әӜӘәӌӞ ӏӛӞӍӓӠ ӜӚӐӡӓӲӊӖӓӒәӌӊӘӓӠ ӏӓӜӡӓӚӖӓӘӊ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ҡӗӊӲӞӵӓ Ӟ ӌӓӏӞ әӌӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӐӕәӘәӗӓӕӐ ӚӛӐӏӞӒӐӵӊ ӘӐ ӓӒӘӐӘӊӬӞӲӐ Ӛәӏӊӝӊӕ ӏӊ ӲӐ ӐӕәӘәӗӓӕӊ ӚӛӐӏӞӒӐӵӊ ӲӐӏӘӊ әӏ ӘӊӲӜӝӊӛӓӲӓӠ ӏӓӜӡӓӚӖӓӘӊ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ

ҨҡҫҘӂҘ ҡ ҠҘҝҘүҡ ұӝӊ ӲӐ ӚӛӐӏӗӐӝ ӓӒӞӢӊӌӊӴӊ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ӊ ӣӝӊ ӐӕәӘәӗӓӕӐ ӚӛӐӏӞӒӐӵӊ Ҧӊ ӕәӲӓ ӘӊӢӓӘ ӐӕәӘәӗӓӕӊ ӚӛӐӏӞӒӐӵӊ ӏәӚӛӓӘәӜӓ әӜӝӌӊӛӓӌӊӴӞ ӛӐӒӞӖӝӊӝӊ ӚәӜӖәӌӊӴӊ ӚӛӐӏӞӒӐӵӊ ңӊӕӊӌ ӲӐ әӏӘәӜ ӐӕәӘәӗӓӕӐ ӚӛӐӏӞӒӐӵӊ ӓ ӏӛӞӍӓӠ ӏӓӜӡӓӚӖӓӘӊ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ

11

ПОЈАМ, НАСТАНАК И ОСНОВНЕ КАРАКТЕРИСТИКЕ ПРЕДУЗЕЋА ҨӛӓӌӛӐӏӘӊ ӊӕӝӓӌӘәӜӝ әӋӊӌӳӊ ӜӐ ӏӐӖӊӝӘәӣӵӞ ӋӛәӲӘӓӠ ӚӛӓӌӛӐӏӘӓӠ ӜӞӋӲӐӕӊӝӊ Ԥ՗ՏՈ՗ՌՋՔՏ ՘՚ՇծՌՑՙՏ ӜӞ ӚәӲӐӏӓӘӡӓ ӓӖӓ ӏӛӞӣӝӌӐӘӐ ӍӛӞӚӐ ӕәӲӐ ӜӊӗәӜӝӊӖӘә ӏәӘәӜӐ ӚӛӓӌӛӐӏӘӐ әӏӖӞӕӐ ӓ Ӟ ӜӕӖӊӏӞ Ӝӊ Ӵӓӗӊ әӛӍӊӘӓӒӞӲӞ ӜӌәӲӞ ӚӛӓӌӛӐӏӘӞ ӏӐӖӊӝӘәӜӝ ҨӛӐӏӞӒӐӵӐ ӲӐ әӜӘәӌӘӓ ӜӞӋӲӐӕӝ ӝӛӑӓӣӘӐ ӚӛӓӌӛӐӏӐ ҦӊӜӝӊӘӕәӗ ӓ ӛӊӒӌәӲӐӗ ӛәӋӘӐ ӚӛӓӌӛӐӏӐ ӘӊӜӝӊӲӞ Ֆ՗ՌՋ՚ՎՌձՆ ҨӛӐ ӚәӲӊӌӐ ӚӛӐӏӞӒӐӵӊ әӏӘәӜӘә Ӟ ՔՆՙ՚՗ՆՒՔՕծ Ֆ՗ՏՈ՗ՌՋՏ әӜӘәӌӘӓ ӘәӜӓәӡӓ ӚӛӓӌӛӐӬӓӌӊӴӊ ӋӓӖӊ ӜӞ ӏәӗӊӵӓӘӜӝӌӊ ҧӘӊ ӜӞ ӋӓӖӊ ӜӊӗәӏәӌәӳӘӐ ӚӛәӓӒӌәӬӊӢӕә ӚәӝӛәӣӊӢӕӐ ӚӛӓӌӛӐӏӘӐ ӲӐӏӓӘӓӡӐ ӕәӲӐ ӜӞ ӚӛәӓӒӌәӏӓӖӐ Ӓӊ ӜәӚӜӝӌӐӘӐ ӚәӝӛӐӋӐ ҠӋәӍ ӘӐӛӊӒӌӓӲӐӘӓӠ ӚӛәӓӒӌәӏӘӓӠ ӜӘӊӍӊ ӓ ӘӐӚәӜӝәӲӊӴӊ ӜӚӐӡӓӲӊӖӓӒӊӡӓӲӐ ӏәӗӊӵӓӘӜӝӌӊ ӜӞ ӋӓӖӊ ӘӐӐӟӓӕӊӜӘӓ ӚӛәӓӒӌәӬӊӢӓ ӝӊӕә ӏӊ ӜӞ ӛӐӒӞӖӝӊӝӓ ӴӓӠәӌәӍ ӛӊӏӊ әӗәӍӞӵӊӌӊӖӓ ӒӊӏәӌәӳӊӌӊӴӐ ӐӕәӘәӗӜӕӓӠ ӚәӝӛӐӋӊ ӢӖӊӘәӌӊ ӏәӗӊӵӓӘӜӝӌӊ Әӊ ӘӓӜӕәӗ ӘӓӌәӞ Ҫӊ ӛӊӒӌәӲӐӗ ӚӛәӓӒӌәӏӘӓӠ ӜӘӊӍӊ ӓ ӜӚӐӡӓӲӊӖӓӒӊӡӓӲәӗ ӚәӌӐӵӊӌӊ ӜӐ ӐӟӓӕӊӜӘәӜӝ ӛӊӏӊ ӛӐӒӞӖӝӊӝӓ ӛӊӏӊ ӚӛӐӌӊӒӓӖӊӒӐ ӚәӝӛӐӋӐ ӢӖӊӘәӌӊ ӏәӗӊӵӓӘӜӝӌӊ ӝӊӕә ӏӊ ӜӐ ӲӊӌӳӊӲӞ ՙ՗ՍՏ՟ՔՏ ՈՏ՟ՑՕՈՏ Ҭ ӚәӢӐӝӕӞ Ӟ Ֆ՗Օ՘ՙՕծ ՗ՕՇՔՕծ Ֆ՗ՏՈ՗ՌՋՏ әӌӓ ӝӛӑӓӣӘӓ ӌӓӣӕәӌӓ ӜӞ ӗӊӖӓ ӝӊӕә ӏӊ ӜӐ ӛӊӒӗӐӘӊ Әӊ ӝӛӑӓӣӝӞ әӋӊӌӳӊ ӜӚәӛӊӏӓӢӘә ӊӖӓ Ӝӊ ӛӊӒӌәӲӐӗ ӚӛәӓӒӌәӏӘӓӠ ӜӘӊӍӊ ӓ ӚәӌӐӵӊӴӐӗ ӜӝӐӚӐӘӊ ӜӚӐӡӓӲӊӖӓӒӊӡӓӲӐ ӛӊӒӗӐӘӊ Әӊ ӝӛӑӓӣӝӞ ӲӐ ӓӘӝӐӘӒӓӌӘӓӲӊ ҨӛӐӏӞӒӐӵӊ ӘӊӜӝӊӲӞ Ӟ ՗ՆՎՈՏծՌՔՕծ ՗ՕՇՔՕծ Ֆ՗ՏՈ՗ՌՋՏ ӕӊӏӊ ӜӞ ӏәӗӊӵӓӘӜӝӌӊ ӚӛӐӜӝӊӖӊ ӏӊ ӚӛәӓӒӌәӏӐ Ӓӊ ӜӐӋӐ әӏӘәӜӘә ӕӊӏӊ ӜӞ ӚәӢӐӖӊ ӏӊ ӚӛәӓӒӌәӏӐ Ӓӊ ӝӛӑӓӣӝӐ Ҡӊ ӛӊӒӖӓӕӞ әӏ ӏәӗӊӵӓӘӜӝӊӌӊ ӕәӲӊ ӜӞ ӚӛәӓӒӌәӏӓӖӊ ӌӐӖӓӕӓ ӋӛәӲ ӚӛәӓӒӌәӏӊ Ӓӊ ӒӊӏәӌәӳӊӌӊӴӐ ӜӌӓӠ ӐӕәӘәӗӜӕӓӠ ӚәӝӛӐӋӊ

ӢӖӊӘәӌӊ ӚәӛәӏӓӡӐ ӚӛӐӏӞӒӐӵӊ ӜӞ ՘ՖՌ՝ՏծՆՒՏՎՕՈՆՔՏ Ֆ՗ՕՏՎՈՕըՆ՞Տ ҪӚӐӡӓӲӊӖӓӒӊӡӓӲӊ Ӛә ӏӐӟӓӘӓӡӓӲӓ ӒӘӊӢӓ ӚӛәӓӒӌәӏӓӝӓ ӲӐӏӊӘ ӓӖӓ ӗӊӴӓ ӋӛәӲ ӚӛәӓӒӌәӏӊ ӊ ӝә ӒӘӊӢӓ ӚӛәӓӒӌәӏӓӝӓ Ӓӊ ӏӛӞӍәӍ әӏӘәӜӘә Ӓӊ ӝӛӑӓӣӝӐ ҧӘӊ ӲӐ ӛӐӒӞӖӝӊӝ ӏӛӞӣӝӌӐӘӐ ӚәӏӐӖӐ ӛӊӏӊ ӕәӲӊ ӲӐ әӗәӍӞӵӓӖӊ ӏӊ ӜӐ ӚӛӐӏӞӒӐӵӊ ӜӚӐӡӓӲӊӖӓӒӞӲӞ Ӓӊ әӏӛӐӬӐӘӐ ӞӑӐ ӚӛәӓӒӌәӏӘӐ ӓӖӓ ӚӛәӗӐӝӘӐ ӊӕӝӓӌӘәӜӝӓ Ӟ ӚӛәӡӐӜӞ ӏӛӞӣӝӌӐӘӐ ӛӐӚӛәӏӞӕӡӓӲӐ ӓ ӝӊӕә ӚәӜӝӊӘӞ ӐӟӓӕӊӜӘӓӲӓ ӛәӋӘӓ ӚӛәӓӒӌәӬӊӢӓ ңӊә әӜӘәӌӘӓ ӚӛӓӌӛӐӏӘӓ ӜӞӋӲӐӕӝ ӕәӲӓ ӜӐ Ӳӊӌӳӊ Ӟ ӌӛӖә ӛӊӒӖӓӢӓӝӓӗ әӋӖӓӡӓӗӊ әӋӊӌӳӊ ӜӚӐӡӓӟӓӢӘӐ ӏӐӖӊӝӘәӜӝ ӓ ӛӊӒӖӓӕӞӲӐ ӜӐ Ӛә ӋӛәӲӘӓӗ ӏӛӞӍӓӗ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊӗӊ ӚӛӐ ӏӞӒӐ ӵӐ ӜӐ ӗәӑӐ ӛӊӒӖӓӢӓӝә ӏӐӟӓӘӓӜӊӝӓ ҩӊ ӒӖӓӢӓӝӐ ӏӐӟӓӘӓӡӓӲӐ ӚӛӐӏӞӒӐӵӊ әӏӛӊӑӊӌӊӲӞ ӛӊӒӖӓӢӓӝӊ ӜӠӌӊӝӊӴӊ ӓӖӓ ӛӊӒӖӓӢӓӝӐ ӕӊӛӊӕӝӐ ӛӓӜӝӓӕӐ ӚәӲӐӏӓӘӓӠ әӋӖӓӕӊ ӚӛӐӏӞӒӐӵӊ Ҭ ӑӐӳӓ ӏӊ ӜӐ ӓӜӝӊӕӘӞ ӋӓӝӘӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӒӊӲӐӏӘӓӢӕӐ Ӝӌӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ӚӛӐӏӞӒӐӵӐ ӜӐ ӗәӑӐ ӏӐӟӓӘӓӜӊӝӓ Әӊ ӜӖӐӏӐӵӓ ӘӊӢӓӘ Ԥ՗ՌՋ՚ՎՌձՌ ծՌ ՘ՆՓՕ՘ՙՆՒՔՆ Օ՗ՉՆՔՏՎՆ՝ՏծՆ ՌՑՕՔՕՓ՘ՑՏ՜ ՗Ռ՘՚՗՘Ն ՑՕծՆ ՙ՗ՆՔ՘՛Օ՗ՓՏ՟՚ձՏ ՚ՒՕՍՌՔՌ ՗Ռ՘՚՗՘Ռ ՚ ՗ՌՎ՚ՒՙՆՙՌ ՘ՙՈՆ՗Ն Ո՗ՌՋՔՕ՘ՙ ՚ ՝Տկ՚ Օ՘ՙՈՆ՗ՌհՆ Ֆ՗Օ՛ՏՙՆ ҧӌӊ ӏӐӟӓӘӓӡӓӲӊ ӞӕӊӒӞӲӐ Әӊ ӜӖӐӏӐӵӐ ӋӓӝӘӐ ՑՆ՗ՆՑՙՌ՗Տ՘ՙՏՑՌ Ֆ՗ՌՋ՚ՎՌձՆ Ҩӛӌә ӚӛӐӏӞӒӐӵӐ ӲӐ ӜӊӗәӜӝӊӖӊӘ ӐӕәӘәӗӜӕӓ ӜӞӋӲӐӕӝ ҝӛӞӍә ӚӛӐӏӞӒӐӵӐ ӲӐ әӛӍӊӘӓӒәӌӊӘӊ ӡӐӖӓӘӊ Ӟ ӕәӲәӲ ӜӐ ӞӜӚәӜӝӊӌӳӊӲӞ ӋӛәӲӘӓ әӏӘәӜӓ ӓӒӗӐӬӞ ӐӕәӘәӗӜӕӓӠ ӛӐӜӞӛӜӊ ҫӛӐӵӐ ӚӛӐӏӞӒӐӵӐ Ӝӝӌӊӛӊ ӌӛӐӏӘәӜӝ ӝӛӊӘӜӟәӛӗӓӣӞӵӓ ӚӛӐӝӌӊӛӊӲӞӵӓ

ӞӖәӑӐӘӐ ӛӐӜӞӛӜӐ Ӟ ӛӐӒӞӖӝӊӝӐ Ӟ ӡӓӳӞ әӜӝӌӊӛӐӴӊ Ӛӛәӟӓӝӊ

12

Предузеће

3.1. ПРЕДУЗЕЋЕ КАО САМОСТАЛАН ЕКОНОМСКИ СУБЈЕКТ ԦՆՓՕ՘ՙՆՒՔՕ՘ՙ Ֆ՗ՌՋ՚ՎՌձՆ ӒӘӊӢӓ ӏӊ ӚӛӐӏӞӒӐӵӐ әӏӘәӜӘә ӌӖӊӜӘӓӡӓ ӚӛӐӏӞӒӐӵӊ ӓӖӓ ӗӐӘӊӸӐӛӓ ӕәӲӓ Ӟ ӓӗӐ ӌӖӊӜӘӓӕӊ ӞӚӛӊӌӳӊӲӞ ӚӛӐӏӞӒӐӵӐӗ ӜӊӗәӜӝӊӖӘә ӏәӘәӜӐ ӜӌӐ ӋӓӝӘӐ әӏӖӞӕӐ ә ӝәӗӐ ӕәӲӐ ӵӐ ӚӛәӓӒӌәӏӐ ӞӜӖӞӍӐ

ӚӛәӓӒӌәӏӓӝӓ ӕӊӕә ӵӐ ӓӒӊӋӛӊӘӐ ӚӛәӓӒӌәӏӐ ӚӛәӓӒӌәӏӓӝӓ ӓ ӕӊӕә ӵӐ ӛӊӜӚәӛӐӬӓӌӊӝӓ ӛӐӒӞӖӝӊӝӐ ӟӞӘӕӡӓәӘӓӜӊӴӊ ӚӛӐӏӞӒӐӵӊ Ҭ әӜӘәӌӓ ӝә ӜӞ әӏӖӞӕӐ ә ӊӖәӕӊӡӓӲӓ ӛӐӜӞӛӜӊ ӕәӲӓӗӊ ӚӛӐӏӞӒӐӵӐ ӛӊӜӚәӖӊӑӐ Ҭ ӏәӘәӣӐӴӞ әӏӖӞӕӊ ӚӛӐӏӞӒӐӵӐ ӘӓӲӐ ӜӊӜӌӓӗ ӘӐӒӊӌӓӜӘә ӲӐӛ ӗәӛӊ Ӟӌӊӑӊӌӊӝӓ ӗӘәӍӊ әӍӛӊӘӓӢӐӴӊ ӓӒ әӕӛӞӑӐӴӊ ҫӊ әӍӛӊӘӓӢӐӴӊ ӜӞ ӚӛӐ ӜӌӐӍӊ ӚӛӊӌӘӐ ӓ ӐӕәӘәӗӜӕӐ ӚӛӓӛәӏӐ ҫӊӕә ӚӛӐӏӞӒӐӵӐ ӗәӛӊ ӚәӣӝәӌӊӘӓ ӒӊӕәӘӐ ӓ ӏӛӞӍӐ ӚӛәӚӓӜӐ ӒӐӗӳӐ Ӟ ӕәӲәӲ ӚәӜӖӞӲӐ ӓ Ӟӌӊӑӊӌӊӝӓ ӝӛӑӓӣӘӐ ӒӊӕәӘӐ ҥӐӬӞӝӓӗ ӓ ӚәӛӐӏ ӝӓӠ әӍӛӊӘӓӢӐӴӊ ӚӛӐӏӞӒӐӵӐ ӓӗӊ ӗӊӴӓ ӓӖӓ ӌӐӵӓ ӜӝӐӚӐӘ ӜӖәӋәӏӐ ӏӊ Ӟ ӍӛӊӘӓӡӊӗӊ ӕәӲӐ ӗӞ ӚәӜӝӊӌӳӊӲӞ әӍӛӊӘӓӢӐӴӊ ӓӒ әӕӛӞӑӐӴӊ ӗәӑӐ ӜӊӗәӜӝӊӖӘә Ӟ ӜӕӖӊӏӞ Ӝӊ ӜӌәӲӓӗ ӐӕәӘәӗӜӕӓӗ ӓӘӝӐӛӐӜӓӗӊ ӏӊ ӏәӘәӜӓ ӘӊӲӌӊӑӘӓӲӐ ӚәӜӖәӌӘӐ әӏӖӞӕӐ

3.2. ПРЕДУЗЕЋЕ КАО ОРГАНИЗОВАНА ЕКОНОМСКА ЦЕЛИНА Ҭ ӝәӕӞ ӚӛәӡӐӜӊ ӟӞӘӕӡӓәӘӓӜӊӴӊ ӚӛӐӏӞӒӐӵӊ ӓӒӗӐӬӞ ӐӕәӘәӗӜӕӓӠ ӛӐӜӞӛӜӊ ӞӜӚәӜӝӊӌӳӊӲӞ ӜӐ ӋӛәӲӘӓ әӏӘәӜӓ ҫә ӜӞ әӏӘәӜӓ ӓӒӗӐӬӞ ӳӞӏӓ ӳӞӏӜӕӓ ӛӐӜӞӛӜӓ әӏӘәӜӓ ӓӒӗӐӬӞ ӳӞӏӓ ӓ ӗӊӝӐӛӓӲӊӖӘӓӠ ӜӛӐӏӜӝӊӌӊ ӛӐӜӞӛӜӊ ӓ әӏӘәӜӓ ӓӒӗӐӬӞ ӜӊӗӓӠ ӜӛӐӏӜӝӊӌӊ ҝӊ Ӌӓ ӚӛӐӏӞӒӐӵӐ ӐӟӓӕӊӜӘә ӟӞӘӕӡӓәӘӓӜӊӖә Ӝӌӓ ӝӓ ӗӘәӍәӋӛәӲӘӓ әӏӘәӜӓ ӗәӛӊӲӞ ӜӐ әӛӍӊӘӓӒәӌӊӝӓ ҧӝӞӏӊ Օ՗ՉՆՔՏՎՆ՝ՏծՆ Ֆ՗ՌՋ՘ՙՆՈկՆ ӟәӛӗӞ Ӟ әӕӌӓӛӞ ӕәӲӐ ӜӐ ӞӜӚәӜӝӊӌӳӊӲӞ ӓ ӛӊӒӛӐӣӊӌӊӲӞ әӏӘәӜӓ ӓӒӗӐӬӞ ӳӞӏӜӕӓӠ ӛӐӜӞӛӜӊ ӓ ӗӊӝӐӛӓӲӊӖӘӓӠ ӛӐӜӞӛӜӊ Ӟ ӜӕӖәӚӞ ӚӛәӡӐӜӊ ӚӛӐӝӌӊӛӊӴӊ ӞӖӊӍӊӴӊ Ӟ ӛӐӒӞӖӝӊӝӐ

3.3. ТРАНСФОРМАЦИЈА УЛАГАЊА У РЕЗУЛТАТЕ У ПРОЦЕСУ СТВАРАЊА ВРЕДНОСТИ ԩ՚ՔՑ՝ՏՕՔՏ՘ՆհՌ Ֆ՗ՌՋ՚ՎՌձՆ Ֆ՗ՌՋ՘ՙՆՈկՆ Ֆ՗Օ՝Ռ՘ ՙ՗ՆՔ՘՛Օ՗ՓՆ՝ՏծՌ ՕՋ՗ՌըՌՔՏ՜ ՚ՒՆՉՆհՆ ՚ ՗ՌՎ՚ՒՙՆՙՌ ҭӞӘӕӡӓәӘӓӣӞӵӓ ӚӛӐӏӞӒӐӵӐ Ӝӝӌӊӛӊ ӌӛӐӏӘәӜӝ ҨӛәӡӐӜ ӜӝӌӊӛӊӴӊ ӌӛӐӏӘәӜӝӓ Ӟ ӚӛӐӏӞӒӐӵӞ ӗәӑӐ ӜӐ ӚәӏӐӖӓӝӓ Ӟ ӝӛӓ ӟӊӒӐ Ҭ ӚӛӌәӲ ӟӊӒӓ ӞӖӊӑӞ ӜӐ ӛӐӜӞӛӜӓ Ӟ ӚӛӐӏӞӒӐӵӐ ӕәӲӓ ӜӐ Ӟ ӏӛӞӍәӲ ӟӊӒӓ Ӟ әӏӛӐӬӐӘӓӗ ӚӛәӡӐӜӓӗӊ ӕӊә ӣӝә ӜӞ ӚӛәӡӐӜ Ӛӛәӓ ӒӌәӏӴӐ ӓӖӓ ӚӛәӡӐӜ ӚӛӞӑӊӴӊ ӞӜӖӞӍӊ ӝӛӊӘӜӟәӛӗӓӣӞ Ӟ ӛӐӒӞӖӝӊӝӐ ӓ Ӟ ӝӛӐӵәӲ ӟӊӒӓ әӜӝӌӊӛӞӲӞ ӜӐ ӛӐӒӞӖӝӊӝӓ ӟӞӘӕӡӓәӘӓӜӊӴӊ ӚӛӐӏӞӒӐӵӊ Ҧӊ ӜӖӓӡӓ ӍӛӊӟӓӢӕӓ ӜӞ ӚӛӓӕӊӒӊӘӓ ӚӛәӡӐӜ ӜӝӌӊӛӊӴӊ ӌӛӐӏӘәӜӝӓ ӓ әӏӍәӌӊӛӊӲӞӵӓ ӐӖӐӗӐӘӝӓ ӜӌӊӕӐ ӘӊӌӐӏӐӘӐ ӟӊӒӐ ҬӜӖәӌ Ӓӊ әӝӚәӢӓӴӊӴӐ ӚӛәӡӐӜӊ ӜӝӌӊӛӊӴӊ ӌӛӐӏӘәӜӝӓ ӲӐ ӞӖӊӍӊӴӐ JOQV‫ ڀ‬ӛӐӜӞӛӜӊ Ӟ ӚӛӐӏӞӒӐӵӐ ҧӌӊ ӞӖӊӍӊӴӊ ӗәӍӞ ӓӗӊӝӓ ӛӊӒӖӓӢӓӝӐ ӚәӲӊӌӘӐ әӋӖӓӕӐ m ӳӞӏӜӕӓ ӛӊӏ ӜӓӛәӌӓӘӐ ӓ ӗӊӝӐӛӓӲӊӖӓ ӗӊӣӓӘӐ ӞӛӐӬӊӲӓ ӓ ӏӛӞӍӊ ӜӛӐӏӜӝӌӊ Ӓӊ ӛӊӏ ӕӊә ӓ ӓӘӟәӛӗӊӡӓӲӐ ӒӘӊӴӐ Әәӌӊӡ ӕӊӚӓӝӊӖ ӓ ӜӖӓӢӘә ңәӘӕӛӐӝӘӓ әӋӖӓӡӓ ӓ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӟӊӕӝәӛӊ ӕәӲӓ ӜӐ ӞӖӊӑӞ Ӟ ӚӛәӡӐӜ ӜӝӌӊӛӊӴӊ ӌӛӐӏӘәӜӝӓ ӒӊӌӓӜӐ әӏ ӛӐӒӞӖӝӊӝӊ ӕәӲӐ ӚӛӐӏӞӒӐӵӐ ӑӐӖӓ ӏӊ әӜӝӌӊӛӓ ӕӊә ӓ әӏ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊ ӚӛәӡӐӜӊ ӚӛӐӝӌӊӛӊӴӊ ӞӖӊӍӊӴӊ Ӟ ӛӐӒӞӖӝӊӝӐ ҬӜӚӐӣӘәӜӝ ӚӛӐӏӞӒӐӵӊ ӏӊ ӓӒ әӕӛӞӑӐӴӊ әӋӐӒӋӐӬӞӲӐ ӛӐӜӞӛӜӐ ӚәӝӛӐӋӘӐ Ӓӊ ӚӛәӓӒӌәӏӴӞ ӚӛәӓӒӌәӏӊ ӓӖӓ ӚӛӞӑӊӴӐ ӞӜӖӞӍӊ әӚӛӐӏӐӳӞӲӐ ӕәӖӓӕӞ ӵӐ ӌӛӐӏӘәӜӝ ӚӛӐӏӞӒӐӵӐ Ӝӝӌәӛӓӝӓ Ӟ әӌәӲ ӟӊӒӓ ҫӊӕә ӏӊ Ӌӓ ӘӐӕә ӚӛӐӏӞӒӐӵӐ ӜӌәӲӓӗ ӕӖӓӲӐӘӝӓӗӊ ӗәӍӖә ӏӊ ӚӛӞӑӓ ӜӚӐӡӓӲӊӖӓӒәӌӊӘӐ ӞӜӖӞӍӐ ӘӊӲӌӓӣӐӍ ӕӌӊӖӓӝӐӝӊ әӘә ӗәӛӊ ӏӊ ӓӒӊӋӐӛӐ ӓ ӚӛӓӌӞӢӐ ӘӊӲӋәӳӐ ӜӝӛӞӢӴӊӕӐ ӜӚәӜәӋӘӐ ӏӊ ӚӛӞӑӐ ӒӊӠӝӐӌӊӘӐ ӞӜӖӞӍӐ ҡ әӋӛӊӝӘә ӚӛӐӏӞӒӐӵӐ ӕәӲӐ ӘӐ ӓӒӊӋӐӛӐ ӳӞӏӐ әӏӍәӌӊӛӊӲӞӵӓӠ ӒӘӊӴӊ ӓ ӜӚәӜәӋӘәӜӝӓ ӘӐӵӐ ӗәӵӓ ӏӊ Ӓӊӏәӌәӳӓ ӒӊӠӝӐӌӐ ӜӌәӲӓӠ ӕӞӚӊӡӊ ӓ ӜӝәӍӊ ӝӊӕӌә ӚӛӐӏӞӒӐӵӐ ӘӐӵӐ ӞӜӚӐӣӘә ӚәӜӖәӌӊӝӓ

Појам, настанак и основне карактеристике предузећа

УЛАГАЊА ПРЕДУЗЕЋА t ϘҪҼүҺҲӑҪҵ t ϙҸҬҪӀ Ҳ ҴҪҹҲҼҪҵ t φҽҮһҴҲ ҺүһҽҺһҲ t ϔҷҾҸҺҶҪӀҲӑү Ҳ ұҷҪӓү t ϖҵҲӑүҷҼҲ Ҳ ҹҸҼҺҸӂҪӁҲ ұҪ услужна предузећа

ОКРУЖЕЊА ПРЕДУЗЕЋА Продаја резултата омогућава ҹҺүҮҽұүӔҽ ҸҫҷҪҬӒҪӓҪ ҽҼҺҸӂүҷҲҿ ресурса t ϖҽҹӀҲ t ϐҸҫҪҬӒҪӁҲ t ϖҸҷҴҽҺүҷӀҲӑҪ t ώҵҪһҷҲӀҲ t ώҵҪҮҪ

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ПРОЦЕС ТРАНСФОРМАЦИЈЕ УЛАГАЊА У РЕЗУЛТАТЕ Предузеће трансформише улагања и додаје им вредност t φҽҮһҴҸ ұҷҪӓү ҬүӂҼҲҷү Ҳ способности t ϞүҿҷҸҵҸҭҲӑҪ t ϘҪӂҲҷү t ϚҹҺүҶҪ

РЕЗУЛТАТИ ПРЕДУЗЕЋА Резултати предузећа одлазе у окружење t ϏҸҼҸҬҲ ҹҺҸҲұҬҸҮҲ t ҝһҵҽҭү t ϛҵҪҼү t ϐҲҬҲҮүҷҮү t ώҺүҮҷҸһҼ ұҪ һҼүӑҴҿҸҵҮүҺү

ҪӖӓӕӊ Ԥ՗Օ՝Ռ՘ ՘ՙՈՆ՗ՆհՆ Ո՗ՌՋՔՕ՘ՙՏ

ҝӊ Ӌӓ ӚӛӐӏӞӒӐӵӐ әӜӝӌӊӛӓӖә ӑӐӳӐӘӓ ӛӐӒӞӖӝӊӝ ӞӖәӑӐӘӓ ӛӐӜӞӛӜӓ ӗәӛӊӲӞ ӜӐ ӞӚәӝӛӐӋӓӝӓ Әӊ әӏӛӐӬӐӘ ӘӊӢӓӘ Ӟ ӚӛәӡӐӜӓӗӊ ӕәӲӓ әӗәӍӞӵӊӌӊӲӞ ӴӓӠәӌӞ ӝӛӊӘӜӟәӛӗӊӡӓӲӞ Ӟ ӛӐӒӞӖӝӊӝӐ Ҭ әӌӓӗ ӚӛәӡӐӜӓӗӊ ӛӐӜӞӛӜӓ ӜӐ ӝӛәӣӐ ӓӖӓ ӜӐ Әӊ ӏӛӞӍӓ ӘӊӢӓӘ ӕәӛӓӜӝӐ ӕӊә ӣӝә ӜӐ ӗӊӝӐӛӓӲӊӖӓ ӝӛәӣӐ Ӟ ӚӛәӡӐӜӞ ӚӛәӓӒӌәӏӴӐ ӓӖӓ ӜӐ ӜӝӐӢӐӘә ӒӘӊӴӐ ӓ ӓӜӕӞӜӝӌә ӕәӛӓӜӝӐ Ӓӊ ӋәӳӐ әӛӍӊӘӓӒәӌӊӴӐ ӚӛәӡӐӜӊ ӚӛәӓӒӌәӏӴӐ ҨӛәӡӐӜӓ ӚӛӐӝӌӊӛӊӴӊ ӞӖӊӍӊӴӊ Ӟ ӛӐӒӞӖӝӊӝӐ ӗәӍӞ Ӌӓӝӓ ӛӊӒӖӓӢӓӝӓ ӓ ӒӊӌӓӜӐ ӚӛӐ ӜӌӐӍӊ әӏ ӏӐӖӊӝӘәӜӝӓ ӚӛӐӏӞӒӐӵӊ ӴӐӍәӌӐ ӝӐӠӘӓӢӕӐ әӚӛӐӗӳӐӘәӜӝӓ ӓ ӘӊӢӓӘӊ әӛӍӊӘӓӒӊӡӓӲӐ ӚӛәӡӐӜӊ ӀӐӏӊӘ әӏ ӘӊӲӌӊӑӘӓӲӓӠ ӚӛәӡӐӜӊ ӚӛӐӝӌӊ-

ӛӊӴӊ ӞӖӊӍӊӴӊ Ӟ ӛӐӒӞӖӝӊӝӐ ӲӐ ӚӛәӡӐӜ Ӛӛәӓ ӒӌәӏӴӐ ӲӐӛ ӜӐ Ӟ әӌәӗ ӚӛәӡӐӜӞ ӞӚәӝӛӐӋӘӓ ӕӌӊӖӓӝӐӝӓ ӟӊӕӝәӛӊ ӚӛәӓӒӌәӏӴӐ ӚӛӐӝӌӊӛӊӲӞ Ӟ ӞӚәӝӛӐӋӘӐ ӕӌӊӖӓӝӐӝӐ ӍәӝәӌӓӠ ӚӛәӓӒӌәӏӊ ҨӛәӡӐӜ ӚӛӐӝӌӊӛӊӴӊ ӞӖӊӍӊӴӊ Ӟ ӛӐӒӞӖӝӊӝӐ ӲӐ ӓ ӕӞӚәӚӛәӏӊӲӘӓ ӚӛәӡӐӜ Ӟ ӕәӗӐ ӛәӋӊ әӏ ӚӛәӓӒӌәӬӊӢӊ ӚәӜӛӐӏӜӝӌәӗ ӝӛӍәӌӓӘӜӕәӍ ӚӛӐӏӞӒӐӵӊ ӜӝӓӑӐ ӏә ӜӌәӍ ӕӞӚӡӊ ӓӖӓ ӓ ӚәӝӛәӣӊӢӊ ҪӖӓӢӘә ӝәӗӐ ӚӛәӡӐӜ ӝӛӊӘӜӟәӛӗӊӡӓӲӐ ӞӖӊӍӊӴӊ Ӟ ӛӐӒӞӖӝӊӝӐ ӲӐ ӓ ӚӛәӡӐӜ ӝӛӊӘӜӚәӛӝӊ Ӟ ӕәӗӐ ӛәӋӊ ӊӕӝӓӌӘәӣӵӞ ӝӛӊӘӜӚәӛӝӘәӍ ӚӛӐӏӞӒӐӵӊ ӜӊӌӖӊӬӞӲӐ ӚӛәӜӝәӛӘӊ ӛӊӜӝәӲӊӴӊ ҦӐӒӊӌӓӜӘә әӏ ӌӛӜӝӐ ӒӊӲӐӏӘӓӢӕә Ӝӌӓӗ ӚӛәӡӐӜӓӗӊ ӝӛӊӘӜӟәӛӗӊӡӓӲӐ ӞӖӊӍӊӴӊ Ӟ ӛӐӒӞӖӝӊӝӐ ӲӐ

14

Предузеће

ӏӊ ӜӐ әӌӓӗ ӚӛәӡӐӜӓӗӊ Әӊ ӌӛӐӏӘәӜӝ ӞӖәӑӐӘӓӠ ӛӐӜӞӛӜӊ ӏәӏӊӲӐ Әәӌӊ ӌӛӐӏӘәӜӝ ҪӚәӜәӋӘәӜӝ ӚӛӐӏӞӒӐӵӊ ӏӊ ӐӟӓӕӊӜӘә ӕәӛӓӜӝӓ ӝӐӠӘәӖәӍӓӲӞ ӓ ӏӛӞӍӐ ӛӐӜӞӛӜӐ ӚӛӓӖӓӕәӗ ӚӛӐӝӌӊӛӊӴӊ ӞӖӊӍӊӴӊ Ӟ ӛӐӒӞӖӝӊӝӐ әӚӛӐӏӐӳӞӲӐ ӕәӖӓӕә ӵӐ ӌӛӐӏӘәӜӝӓ ӚӛӐӏӞӒӐӵӐ Ӝӝӌәӛӓӝӓ Ӟ әӌәӲ ӟӊӒӓ ұӝә ӚӛӐӏӞӒӐӵӐ ӐӟӓӕӊӜӘӓӲӐ ӕәӛӓӜӝӓ ӛӊӜӚәӖәӑӓӌӐ ӛӐӜӞӛӜӐ ӝә ӵӐ әӘә Ӛә ӲӐӏӓӘӓӡӓ ӞӖӊӍӊӴӊ әӜӝӌӊӛӓӝӓ ӌӐӵӐ ӛӐӒӞӖӝӊӝӐ Ӛӊ ӵӐ ӓ ӴӐӍәӌӊ ӜӚәӜәӋӘәӜӝ ӜӝӌӊӛӊӴӊ ӌӛӐӏӘәӜӝӓ Ӟ әӌәӲ ӟӊӒӓ Ӌӓӝӓ ӌӐӵӊ ҫӊӕә ӵӐ Әӊ ӚӛӓӗӐӛ ӚӛәӡӐӜ ӚӛәӓӒӌәӏӴӐ Ӌӓӝӓ Ӑӟӓӕӊ ӜӘӓӲӓ Ӟ ӚӛӐӏӞӒӐӵӞ ӕәӲӐ ӕәӛӓӜӝӓ ӜӊӌӛӐӗӐӘӞ ӝӐӠӘәӖәӍӓӲӞ ӲӐӛ ӜӊӌӛӐӗӐӘӊ ӝӐӠӘәӖәӍӓӲӊ ӕәӛӓӜӝӓ ӐӟӓӕӊӜӘӓӲӊ ӜӛӐӏӜӝӌӊ Ӓӊ ӛӊӏ ӒӊӠӝӐӌӊ ӗӊӴӐ ӝӛәӣӐӴӐ ӗӊӝӐӛӓӲӊӖӊ Ӛә ӲӐӏӓӘӓӡӓ ӚӛәӓӒӌәӏӊ ӚәӌӐӵӊӌӊ ӐӟӓӕӊӜӘәӜӝ ӳӞӏӜӕәӍ ӛӊӏӊ ӏәӚӛӓӘәӜӓ ӚәӌӐӵӊӴӞ ӕӌӊӖӓӝӐӝӊ ӚӛәӓӒӌәӏӊ ӓ Әӊ ӏӛӞӍӐ ӘӊӢӓӘӐ ӚәӒӓӝӓӌӘә ӞӝӓӢӐ Әӊ ӛӐӒӞӖӝӊӝӐ ӚәӜӖәӌӊӴӊ ҩӐӒӞӖӝӊӝ PV‫ڀ‬QV‫ ڀ‬ӚӛәӡӐӜӊ ӚӛӐӝӌӊӛӊӴӊ ӞӖӊӍӊӴӊ ӜӞ ӚӛәӓӒӌәӏӓ ӓ ӞӜӖӞӍӐ ӂӓӠәӌәӗ ӚӛәӏӊӲәӗ Әӊ ӝӛӑӓӣӝӞ ӚӛӐӏӞӒӐӵӐ әӜӝӌӊӛӞӲӐ ӚӛӓӠәӏ ҝӐә ӚӛӓӠәӏӊ ӚӛӐӏӞӒӐӵӐ ӕәӛӓӜӝӓ Ӓӊ ӘӊӏәӕӘӊӏӞ ӛӐӚӛәӏӞӕәӌӊӴӐ ӞӝӛәӣӐӘӓӠ ӛӐӜӞӛӜӊ Ӟ ӚӛӐӝӠәӏӘәӗ ӡӓӕӖӞӜӞ ӣӝә ӗӞ әӗә-

ӍӞӵӊӌӊ әӋӘӊӌӳӊӴӐ ӡӓӕӖӞӜӊ ӜӝӌӊӛӊӴӊ ӌӛӐӏӘәӜӝӓ Қӓӣӊӕ ӚӛӓӠәӏӊ ӓӒӘӊӏ ӓӒӘәӜӊ ӘӐәӚӠәӏӘәӍ Ӓӊ әӋӘӊӌӳӊӴӐ ӞӝӛәӣӐӘӓӠ ӛӐӜӞӛӜӊ ӲӐ Ӛӛәӟӓӝ ӕәӲӓ ӜӐ ӗәӑӐ ӛӊӜӚәӏӐӖӓӝӓ ӌӖӊӜӘӓӡӓӗӊ ӚӛӐӏӞӒӐӵӊ ӓӖӓ ӓӜӕәӛӓӜӝӓӝӓ Ӓӊ ӘәӌӐ ӓӘӌӐӜӝӓӡӓӲӐ ҧӝӞӏӊ ӚӛӐӏӞӒӐӵӊ ӕәӲӊ ӞӜӚӐӣӘә ӒӊӏәӌәӳӊӌӊӲӞ ӝӛӑӓӣӘӐ ӚәӝӛӐӋӐ Ӝ ӌӛӐӗӐӘәӗ ӚәӌӐӵӊӌӊӲӞ ӕәӖӓӢӓӘӞ ӛӐӜӞӛӜӊ ӕәӲӞ ӕәӛӓӜӝӐ ӓ ӐӟӓӕӊӜӘәӜӝ ӴӓӠәӌәӍ ӕәӛӓӣӵӐӴӊ ӢӓӗӐ ӜӐ ӚәӌӐӵӊӌӊ ӌӛӐӏӘәӜӝ ӕәӲӞ ӝӊ ӚӛӐӏӞӒӐӵӊ ӜӝӌӊӛӊӲӞ

ҨҡҫҘӂҘ ҡ ҠҘҝҘүҡ

ұӝӊ ӲӐ ӚӛӐӏӞӒӐӵӐ ңәӲӐ ӜӞ ӴӐӍәӌӐ ӘӊӲӒӘӊ ӢӊӲӘӓӲӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ҝӊ Ӗӓ ӲӐ ӚӛӐӏӞӒӐӵӐ ӚәӝӚӞӘә ӜӊӗәӜӝӊӖӘә ңәӲӊ әӍӛӊӘӓӢӐӴӊ ӚӛӐӏӞӒӐӵӐ ӗәӛӊ ӏӊ Ӟӌӊ ӑӊӌӊ ңӊӕә ӚӛӐӏӞӒӐӵӐ Ӝӝӌӊӛӊ ӌӛӐӏӘәӜӝ ңәӲӐ ӜӞ ӘӊӲӌӊӑӘӓӲӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӝәӍ ӚӛәӡӐӜӊ ҧӋӲӊӜӘӓӝӐ ӚӛәӡӐӜ ӜӝӌӊӛӊӴӊ ӌӛӐӏӘәӜӝӓ Әӊ ӚӛӓӗӐӛӞ ӲӐӏӘәӍ ӚӛӐӏӞӒӐӵӊ Ӓӊ ӚӛәӓӒӌәӏӴӞ ӊӞӝәӗәӋӓӖӊ ӓ ӲӐӏӘәӍ ӛӐӜӝәӛӊӘӊ ӕәӛӓӜӝӐӵӓ ӜӖӓӕӞ

15

РАЗЛОЗИ ПОСТОЈАЊА ПРЕДУЗЕЋА ҦӊӲӜӊӑӐӝӓӲӓ әӏӍәӌәӛ Әӊ ӚӓӝӊӴӐ ԜՆ՟ՙՕ ՖՕ՘ՙՕծՏ Ֆ՗ՌՋ՚ՎՌձՌ ӍӖӊӜӓ Ԥ՗ՌՋ՚ՎՌձՌ ՖՕ՘ՙՕ ծՏ ծՌ՗ ՕՇՌՎՇՌը՚ծՌ ՔՆծՌ՛ՏՑՆ՘ՔՏծՌ ՕՇՆՈկՆհՌ ՋՌՒՆՙՔՕ՘ՙՏ ՚ ՙ՗ՍՏ՟ՔՕծ Ֆ՗ՏՈ՗ՌՋՏ ҥӐӬӞ ӘӐӣӝә ӕәӘӕӛӐӝӘӓӲӓӗ әӏӍәӌәӛӓӗӊ Әӊ ӓӜӝә ӚӓӝӊӴӐ ӓӒӏӌӊӲӊӲӞ ӜӐ ӝӛӓ ҨӛӐӏӞӒӐӵӐ ӚәӜӝәӲӓ ӒӋәӍ ӚӛӐӏӘәӜӝӓ ӜӚӐӡӓӲӊӖӓӒӊӡӓӲӐ ӜӗӊӴӐӴӊ ӛӓӒӓӕӊ ӓ ӘӐӓӒӌӐӜӘәӜӝӓ ӓ ӜӗӊӴӐӴӊ ӝӛӊӘӜӊӕӡӓәӘӓӠ ӝӛәӣӕәӌӊ Ԥ՗ՌՋՔՕ՘ՙՏ ՘ՖՌ՝ՏծՆՒՏՎՆ՝ՏծՌ m ҠӘӊӢӊӲӘӓ ӛӊӒӖәӒӓ ӚәӜӝәӲӊӴӊ ӚӛӐӏӞӒӐӵӊ ӗәӍӞ ӜӐ Әӊӵӓ Ӟ әӏӛӐӬӐӘӓӗ ӚӛӐӏӘәӜӝӓӗӊ ӒӊӲӐӏӘӓӢӕәӍ ӛӊӏӊ ӳӞӏӓ Ӟ ӚӛӐӏӞӒӐӵӞ Ӟ әӏӘәӜӞ Әӊ ӛӊӏ ӚәӲӐӏӓӘӊӡӊ ҩӊӏ Ӟ ӕәӖӐӕӝӓӌӞ әӗәӍӞӵӊӌӊ ՖՕՋՌՒ՚ ՗ՆՋՆ ӓӒӗӐӬӞ ӌӓӣӐ ӢӖӊӘәӌӊ ӕәӖӐӕӝӓӌӊ ӓ ӴӓӠәӌӞ ՘ՖՌ՝ՏծՆՒՏՎՆ՝Տծ՚ Ӓӊ ӚәӲӐӏӓӘӐ ӜӐӍӗӐӘӝӐ ӚӛәӡӐӜӊ ӛӊӏӊ ҠӊӠӌӊӳӞӲӞӵӓ ӚәӏӐӖӓ ӛӊӏӊ ӚәӲӐӏӓӘӊӢӘӓ ӛӊӏӘӓӡӓ ӜӐ ӞӜӛӐӏӜӛӐӬӞӲӞ Әӊ ӞӑӐ ӏӐӖәӌӐ ӚӛәӡӐӜӊ ӛӊӏӊ ӣӝә әӗәӍӞӵӊӌӊ ӛӊӒӌәӲ ӴӓӠәӌӓӠ ӛӊӏӘӓӠ ӜӚәӜәӋӘәӜӝӓ ӊ ӝӓӗӐ ӓ ӚәӌӐ ӵӊӴӐ ӐӟӓӕӊӜӘәӜӝӓ ӛӊӏӊ ҫӊӕә ӜӐ ӓӘӑӐӴӐӛ Ӟ әӏӐӳӐӴӞ ӝӐӠӘӓӢӕӐ ӚӛӓӚӛӐӗӐ ӌӐӖӓӕәӍ ӚӛӐӏӞӒӐӵӊ ӗӊӣӓӘӜӕӐ ӓӘӏӞӜӝӛӓӲӐ ӗәӑӐ ӜӚӐӡӓӲӊӖӓӒәӌӊӝӓ Ӓӊ ӚӛӓӚӛӐӗӞ ӚәӲӐӏӓӘӓӠ ӏӐӖәӌӊ ӝӐӠӘәӖәӣӕәӍ ӚӛәӡӐӜӊ ӏәӕ ӓӘӑӐӴӐӛ Ӟ ӘӐӕәӗ ӗӊӖәӗ ӚӛӐӏӞӒӐӵӞ ӗӊӣӓӘӜӕӐ ӓӘӏӞӜӝӛӓӲӐ ӓӜӝәӌӛӐӗӐӘә ӗәӛӊ әӛӍӊӘӓӒәӌӊӝӓ ӚӛӓӚӛӐӗӞ ӚӛәӓӒӌәӏӴӐ ӕәӘӝӛәӖӓӜӊӝӓ ӚӛәӓӒӌәӏӘӓ ӚӛәӡӐӜ ӓ ӋӛӓӘӞӝӓ ә әӏӛӑӊӌӊӴӞ ӜӛӐӏӜӝӊӌӊ Ӓӊ ӛӊӏ Ҡӊӝә ӣӝә әӋӊӌӳӊ ӌӓӣӐ ӠӐӝӐӛәӍӐӘӓӠ ӚәӜӖәӌӊ ӓӘӑӐӴӐӛ Ӟ ӗӊӖәӗ ӚӛӐӏӞӒӐӵӞ ӘӐ ӗәӑӐ ӜӌӞ ӜӌәӲӞ ӚӊӑӴӞ ӚәӜӌӐӝӓӝӓ ӚӛӓӚӛӐӗӓ ӚӛәӡӐӜӊ ӚӛәӓӒӌәӏӴӐ ӒӋәӍ ӢӐӍӊ ӲӐ ӗӊӴӐ ӌӐӛәӌӊӝӘә ӏӊ ӵӐ әӘ ӊ ӘӐ ӴӐӍәӌ ӕәӖӐӍӊ Ӟ ӌӐӖӓӕәӗ ӚӛӐӏӞӒӐӵӞ ӕәӲӓ ӲӐ ӜӚӐӡӓӲӊӖӓӒәӌӊӘ Ӓӊ ӝӐӠӘӓӢӕӞ ӚӛӓӚӛӐӗӞ ӚӛәӓӒӌәӏӴӐ ӏәӚӛӓӘӐ-

ӝӓ ӚәӋәӳӣӊӴӞ ӚӛәӡӐӜӊ ӚӛӓӚӛӐӗӐ Ӛӛәӓ ӒӌәӏӴӐ ԦՓՆհՌհՌ ՗ՏՎՏՑՆ Տ ՔՌՏՎՈՌ՘ՔՕ՘ՙՏ m ҧӕӛӞӑӐӴӐ Ӟ ӕәӗӐ ӚәӜӖӞӲӐ ӚӛӐӏӞӒӐӵӐ ӓӒӌәӛ ӲӐ ӘӐӓӒӌӐӜӘәӜӝӓ ӓ ӋӛәӲӘӓӠ ӏӛӞӍӓӠ ӞӝӓӡӊӲӊ Әӊ ӚӛӐӏӞӒӐӵӐ ңӊә ӓӒӌәӛ ӛӐӜӞӛӜӊ әӕӛӞӑӐӴӐ ӲӐ ӚӛӐӌӓӣӐ ӌӊӑӘә Ӓӊ ӚәӜӖәӌӊӴӐ ӚӛӓӌӛӐӏӘӓӠ ӜӞӋӲӐӕӊӝӊ ӒӋәӍ ӢӐӍӊ ӚӛӐӏӞӒӐӵӊ ӘӊӜӝәӲӐ ӏӊ ӞӝӓӢӞ Әӊ әӕӛӞӑӐӴӐ ҥӐӬӞӝӓӗ ӞӚӛӊӌӳӊӴӐ ӜӖәӑӐӘӓӗ әӕӛӞӑӐӴӐӗ ӲӐ Ӓӊӏӊӝӊӕ ӕәӲӓ ӢӐӜӝә ӚӛӐӌӊӒӓӖӊӒӓ ӗәӍӞӵӘәӜӝӓ ӌӐӵӓӘӐ ӚәӲӐӏӓӘӊӡӊ Ҡӊ ӛӊӒӖӓӕӞ әӏ ӚәӲӐӏӓӘӊӡӊ ӚӛӐӏӞӒӐӵӊ ӛӊӜӚәӖӊӑӞ ӛӐӜӞӛӜӓӗӊ ӘӐәӚӠәӏӘӓӗ Ӓӊ ӚӛӊӵӐӴӐ ӚӛәӗӐӘӊ Ӟ әӕӛӞӑӐӴӞ ӕӊә ӓ Ӓӊ ӛӊӒӖӓӢӓӝӐ әӛӍӊӘӓӒӊӡӓәӘӐ ӗӐӛӐ ӓ ӗӐӛӐ ӚәӜӖәӌӘӐ ӚәӖӓӝӓӕӐ ӕәӲӓӗӊ ӜӐ ӗәӑӐ Ӟӝӓӡӊӝӓ Әӊ әӕӛӞӑӐӴӐ әӏӘәӜӘә ӞӚӛӊӌӳӊӝӓ ӘӐӕӓӗ ӜӐӍӗӐӘӝӓӗӊ әӕӛӞ ӑӐӴӊ ҫӓӗӐ ӒӊӚӛӊӌә ӚӛӐӏӞӒӐӵӐ ӜӗӊӴӞӲӐ ӛӓӒӓӕ ӓ ӘӐӓӒӌӐӜӘәӜӝ Ӝӊ ӕәӲӓӗ ӜӐ ӜӛӐӵӐ Ӟ әӕӛӞӑӐӴӞ ҚӐӖӓӕӐ ӕәӗӚӊӘӓӲӐ ӓӗӊӲӞ ӚәӜӐӋӘӐ әӛӍӊӘӓӒӊӡӓәӘӐ ӲӐӏӓӘӓӡӐ ӕәӲӐ ӚӛӊӝӐ ӜӚәӳӘә әӕӛӞӑӐӴӐ ӓ ӕәӲӐ ӛӊӒӖӓӢӓӝӓӗ ӗӐӛӊӗӊ ӘӊӜӝәӲӐ ӏӊ ӚӛӐӏӞӚӛӐӏӐ ӓ ӘӐӞӝӛӊӖӓӣӞ ӘӐӍӊӝӓӌӘӐ ӞӝӓӡӊӲӐ ӓӒ әӕӛӞӑӐӴӊ ӓӜӕәӛӓӜӝӐ ӚәӌәӳӘӐ әӕәӖӘәӜӝӓ ӕәӲӐ ӘӊӜӝӊӲӞ Ӟ әӕӛӞӑӐӴӞ ӕӊә ӓ ӏӊ ӞӝӓӢӞ Әӊ ӟәӛӗӓӛӊӴӐ ӋӖӊӍәӘӊӕӖәӘәӍ Ӝӝӊӌӊ әӕӛӞӑӐӴӊ ӚӛӐӗӊ әӌӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ҡӊӕә ӓӗӊӲӞ ӗӊӴӐ ӛӐӜӞӛӜӊ ӓ ӗәӵӓ ӏӊ ӞӝӓӢӞ Әӊ ӜӚәӳӘә әӕӛӞӑӐӴӐ ӓ ӗӊӴӊ ӚӛӐӏӞӒӐӵӊ ӕӊә ӣӝә ӜӞ ӖәӕӊӖӘӊ ӝӛӍәӌӓӘӜӕӊ ӚӛӐӏӞӒӐӵӊ ӓӖӓ ӗӊӖӓ ӛӐӜӝәӛӊӘӓ ӘӊӜӝәӲӐ ӏӊ ӚӛӊӝӐ ӚӛәӗӐӘӐ Ӟ әӕӛӞӑӐӴӞ ӕӊӕә Ӌӓ ӜӐ Әӊ ӌӛӐӗӐ ӚӛӓӖӊӍәӏӓӖӊ ӓӒӗӐӴӐӘӓӗ әӕәӖӘәӜӝӓӗӊ Әӊ ӝӛӑӓӣӝӞ ӓ ӣӓӛӐӗ әӕӛӞӑӐӴӞ

16

Предузеће

ԦՓՆհՌհՌ ՙ՗ՆՔ՘ՆՑ՝ՏՕՔՏ՜ ՙ՗Օ՟ՑՕՈՆ m ҨӛәӡӐӜ ӚӛәӓӒӌәӏӴӐ ӚәӏӛӊӒӞӗӐӌӊ ӚәӌӐӒӓӌӊӴӐ ӓ ӕәәӛӏӓӘӊӡӓӲӞ ӋӛәӲӘӓӠ ӊӕӝӓӌӘәӜӝӓ ӓ ӟӊӕӝәӛӊ ӚӛәӓӒӌәӏӴӐ Әӊ ӘӊӢӓӘ ӕәӲӓ ӵӐ әӋӐӒӋӐӏӓӝӓ ӚӛәӓӒӌәӏӴӞ ӑӐӳӐӘӓӠ ӚӛәӓӒӌәӏӊ ҫәӕәӗ ӚӛәӓӒӌәӏӴӐ ӑӐӳӐӘӓӠ ӚӛәӓӒӌәӏӊ ӗәӛӊӲӞ ӜӐ ӛӐӣӊӌӊӝӓ ӋӛәӲӘӓ ӚӛәӋӖӐӗӓ ӕӊә ӣӝә ӜӞ ӕә ӵӐ әӋӊӌӳӊӝӓ ӕәӲӐ ӊӕӝӓӌӘәӜӝӓ ӓ Ӝӊ ӕӓӗ ӵӐ Ӟ ӝәӗ ӚӛәӡӐӜӞ ӜӊӛӊӬӓӌӊӝӓ ӕӊӕә Ӌӓ ӜӐ Ӓӊӏӊӝӊӕ әӋӊӌӓә Әӊ ӘӊӲӐӟӓӕӊӜӘӓӲӓ ӘӊӢӓӘ ӕә ӵӐ ӓ ӕәӖӓӕә Ӌӓӝӓ ӚӖӊӵӐӘ Ӓӊ ӞӜӖӞӍӐ ӕәӲӐ ӚӛӞӑӊ Ӟ ӚӛәӡӐӜӞ ӚӛәӓӒӌәӏӴӐ ӕӊӕә ӕәӘӝӛәӖӓӜӊӝӓ ӏӊ Ӗӓ ӟӊӕӝәӛӓ ӚӛәӓӒӌәӏӴӐ ӚӛӞӑӊӲӞ әӘӐ ӞӜӖӞӍӐ ӕәӲӐ ӜӐ әӏ ӴӓӠ әӢӐӕӞӲӞ ӓ ӜӖӓӢӘә Ҭ ӚӛӓӘӡӓӚӞ ӚәӌӐӒӓӌӊӴӐ ӓ ӕәәӛӏӓӘӊӡӓӲӊ ӛӐӜӞӛӜӊ ӗәӑӐ ӜӐ ӌӛӣӓӝӓ Әӊ ӝӛӑӓӣӝӞ ӕәӛӓӣӵӐӴӐӗ ӝӛӑӓӣӘәӍ ӗӐӠӊӘӓӒӗӊ ӓӖӓ ӞӘӞӝӊӛ ӚӛӐӏӞӒӐӵӊ ӕәӛӓӣӵӐӴӐӗ ӞӚӛӊӌӳӊӢӕӓӠ ӗӐӠӊӘӓӒӊӗӊ ӕәәӛӏӓӘӊӡӓӲӐ ӓ ӕәӘӝӛәӖӐ ҨӛӐӏӞӒӐӵӐ Әӊ ӚӛӓӗӐӛ ӗәӑӐ ӘӊӋӊӌӳӊӝӓ Әӊ ӝӛӑӓӣӝӞ ӕәӗӚәӘӐӘӝӐ ӘӐӕәӍ ӚӛәӓӒӌәӏӊ ӓ Ӝӊӗә ӓӠ ӗәӘӝӓӛӊӝӓ Ӟ ӟӓӘӊӖӘӓ ӚӛәӓӒӌәӏ ӓӖӓ Ӣӊӕ ӕӞӚәӌӊӝӓ Ӎәӝәӌ ӚӛәӓӒӌәӏ ӓӖӓ әӛӍӊӘӓӒәӌӊӝӓ ӜәӚӜӝӌӐӘӞ ӚӛәӓӒӌәӏӴӞ ӝӓӠ ӕәӗӚәӘӐӘӝӓ ӓ ӟӓӘӊӖӘәӍ ӚӛәӓӒӌәӏӊ ҧӏӖӞӕӊ ә ӝәӗӐ ӏӊ Ӗӓ ӵӐ ӚӛӐӏӞӒӐӵӐ ӕәӛӓӜӝӓӝӓ ӐӕӜӝӐӛӘӓ ӝӛӑӓӣӘӓ ӗӐӠӊӘӓӒӊӗ ӓӖӓ ӓӘӝӐӛӘӓ ӞӚӛӊӌӳӊӢӕӓ ӗӐӠӊӘӓӒӊӗ ӕәәӛӏӓӘӊӡӓӲӐ ӓ ӕәӘӝӛәӖӐ Ӝӌәӏӓ ӜӐ Әӊ әӏӖӞӕӞ tӕӞӚәӌӊӝӓu ӓӖӓ tӚӛәӓӒӌәӏӓӝӓu ҝӊ Ӗӓ ӵӐ ӓ ӕәӖӓӕә ӚӛӐӏӞӒӐӵӐ ӕәӛӓӜӝӓ ӝӛӑӓӣӘӓ ӗӐӠӊӘӓӒӊӗ ӕәәӛӏӓӘӊӡӓӲӐ ӛӐӜӞӛӜӊ ӒӊӌӓӜӓ әӏ ӌӓӜӓӘӐ ՙ՗ՆՔ՘ՆՑ՝ՏՕՔՏ՜ ՙ՗Օ՟ՑՕՈՆ ҫә ӜӞ ӝӛәӣӕәӌӓ ӕәӲӓ ӘӊӜӝӊӲӞ Ӟ ӌӐӒӓ Ӝӊ ӝӛӑӓӣӘӓӗ ӝӛӊӘӜӊӕӡӓӲӊӗӊ ӓ ӜӊӜӝәӲӐ ӜӐ әӏ ӝӛәӣӕәӌӊ ӚӛӓӕӞӚӳӊӴӊ ӓӘӟәӛӗӊӡӓӲӊ ә ӚӛӐӏӗӐӝӞ ӛӊӒӗӐӘӐ ӡӐӘӓ ӕӌӊӖӓӝӐӝӞ ӓ ӜӖ

ӝӛә ӣӕәӌӊ ӚӛӐӍәӌӊӛӊӴӊ ӜӝӛӊӘӊ Ӟ ӛӊӒӗӐӘӓ ӓ ӝӛәӣӕәӌӊ ӕәӲӓ ӝӛӐӋӊ ӏӊ әӋӐӒӋӐӏӐ ӏӊ ӜӐ ӝӛӊӘӜӊӕӡӓӲӐ әӋӊӌӐ Әӊ ӏәӍәӌәӛӐӘ ӘӊӢӓӘ ӝӛәӣӕәӌӓ ӞӍәӌӊӛӊӴӊ ӝӛәӣӕәӌӓ ӍӊӛӊӘӡӓӲӐ ӓ ӜӖ

ңӊӏӊ ӜӞ ӝӛӊӘӜӊӕӡӓәӘӓ ӝӛәӣӕәӌӓ ӌӓӣӓ әӏ ӝӛәӣӕәӌӊ ӕәәӛӏӓӘӊӡӓӲӐ ӛӐӜӞӛӜӊ ӞӘӞӝӊӛ ӚӛӐӏӞӒӐӵӊ ӝӛӊӘӜӊӕӡӓӲӐ ӵӐ ӜӐ ӚӛӐӘӐӝӓ Ӝӊ ӝӛӑӓӣӝӊ Ӟ ӚӛӐӏӞӒӐӵӐ ӊ ӝә ӲӐ ՏՔՙՌ՗ՔՆՒՏՎՆ՝ՏծՆ ӝӛӊӘӜӊӕӡӓӲӊ ҨӛӐӗӊ ӝәӗӐ ӚӛӐӏӞӒӐӵӊ ӚәӜӝәӲӐ

Ӓӊӝә ӣӝә ӜӞ ӝӛәӣӕәӌӓ ӕәәӛӏӓӘӊӡӓӲӐ ӛӐӜӞӛӜӊ ӞӘӞӝӊӛ ӚӛӐӏӞӒӐӵӊ Әӓӑӓ әӏ ӝӛәӣӕәӌӊ ӕәӛӓӣӵӐӴӊ ӝӛӑӓӣӘәӍ ӗӐӠӊӘӓӒӗӊ ҝӛӞӍӓӗ ӛӐӢӓӗӊ ӚӛӐӏӞӒӐӵӊ ӚәӜӝәӲӐ Ӓӊӝә ӣӝә ӏәӚӛӓӘәӜӐ ӜӗӊӴӐӴӞ ӝӛӊӘӜӊӕӡӓәӘӓӠ ӝӛәӣӕәӌӊ ҩӊӏӓ ӓӖӞӜӝӛӊӡӓӲӐ ӝӛәӣӕәӌӊ ӕәӛӓӣӵӐӴӊ ӝӛӑӓӣӘәӍ ӗӐӠӊӘӓӒӗӊ Ӓӊ ӚәӌӐӒӓӌӊӴӐ ӓ ӕәәӛӏӓӘӊӡӓӲӞ ӛӐӜӞӛӜӊ ӒӊӗӓӜӖӓӗә ӏӊ ӘӐ Ӛә ӜӝәӲӐ ӚӛӐӏӞӒӐӵӊ ӓ ӏӊ ӜӐ ӕәәӛӏӓӘӊӡӓӲӊ ӛӐӜӞӛӜӊ Ӟ ӡӓӳӞ ӚӛәӓӒӌәӏӴӐ ӚӛәӓӒӌәӏӊ әӋӊӌӳӊ ӓӜӕӳӞӢӓӌә ӞӒ Ӛәӗәӵ ӝӛӑӓӣӘәӍ ӗӐӠӊӘӓӒӗӊ ҦӓӲӐ ӝӐӣӕә ӒӊӗӓӜӖӓӝӓ ӜӖӞӢӊӲ ӏӊ ӝӛӑӓӣӝӐ Ӝӊ ӲӐӏӘӐ ӜӝӛӊӘӐ ӚӛәӡӐӴӞӲӐ ӚәӝӛӐӋӐ ӳӞӏӓ ӊ ӏӊ Ӝӊ ӏӛӞӍӐ ӜӝӛӊӘӐ ӚӛӓӌӖӊӢӓ ӛӐӜӞӛӜӐ Ӟ әӘӐ әӋӖӊӜӝӓ ӓ Ӓӊ әӘӐ ӚәӝӛӐӋӐ Ӟ ӕәӲӓӗӊ ӜӞ ӝӓ ӛӐӜӞӛӜӓ ӘӊӲӌӛӐӏӘӓӲӓ ңӊӏӊ Ӌӓ ӝӛӑӓӣӘӓ ӗӐӠӊӘӓӒӊӗ ӟӞӘӕӡӓәӘӓӜӊә ӜӊӌӛӣӐӘә ӓ ӕӊӏ Ӌӓ ӝӛәӣӕәӌӓ ӕәӛӓӣӵӐӴӊ ӝӛӑӓӣӘәӍ ӗӐӠӊӘӓӒӗӊ ӋӓӖӓ ӘӊӲӘӓӑӓ ӗәӍӞӵӓ ӝӛәӣӕәӌӓ әӋӊӌӳӊӴӊ ӝӛӊӘӜӊӕӡӓӲӊ ӘӐ Ӌӓ ӋӓӖә ӚәӝӛӐӋӐ ӏӊ ӜӐ ӟӊӕӝәӛӓ ӚӛәӓӒӌәӏӴӐ ӚәӌӐӒӞӲӞ Ӟ әӕӌӓӛӞ ӚӛӐӏӞӒӐӵӊ ӛӊӏӓ ӚӛәӓӒӌәӏӴӐ әӏӛӐӬӐӘӓӠ ӚӛәӓӒӌәӏӊ ҝӛӞӍӓӗ ӛӐӢӓӗӊ ӝӊӏӊ ӘӐ Ӌӓ ӋӓӖә ӚәӝӛӐӋӘә ӏӊ ӚәӜӝәӲӐ ӚӛӐӏӞӒӐӵӊ ҬӗӐӜӝә ӏӊ ӜӐ ӕӞӚӞӲӞ ӓӖӓ ӒӊӚәӣӳӊӌӊӲӞ Әӊ ӝӛӊӲӘӓӲәӲ әӜӘәӌӓ ӟӊӕӝәӛӓ ӚӛәӓӒӌәӏӴӐ Ӌӓ ӜӐ ӕӛӊӝӕәӛәӢӘә ӓӒӘӊӲӗӳӓӌӊӖӓ Ӓӊ әӏӛӐӬӐӘӞ ӘӊӗӐӘӞ ҡӊӕә ӛӐӝӕӓ әӌӊӕӌӓ әӋӖӓӡӓ ӚәӌӐӒӓӌӊӴӊ ӟӊӕӝәӛӊ ӚӛәӓӒӌәӏӴӐ ӜӛӐӵӞ ӜӐ Ӟ ӜӊӌӛӐӗӐӘәӲ ӚӛӓӌӛӐӏӓ ҫӊӕә ӚәӳәӚӛӓӌӛӐӏӘӓ ӒӊӕӞӚӊӡ ӓӒӘӊӲ ӗӳӞӲӐ ӒӐӗӳӓӣӝӐ ӓ ӚәӒӊӲӗӳӞӲӐ ӘӐәӚӠәӏӊӘ ӕӊӚӓӝӊӖ Ӓӊ ӟӓӘӊӘӜӓӛӊӴӐ әӋӛӊӏӐ ӒӐӗӳӐ ӓ ӜӐӝӌӞ ҨәӛӐӏ ӝәӍӊ ӜӌӐ ӌӐӵӓ ӋӛәӲ ӖӓӒӓӘӍ ӕәӗӚӊӘӓӲӊ ӓӒӏӊӲӐ Ӟ ӒӊӕӞӚ ӛӊӒӖӓӢӓӝӊ ӜӛӐӏӜӝӌӊ Ӓӊ ӛӊӏ әӏ ӜӚӐӡӓӲӊӖӓӒәӌӊӘӓӠ ӗӊӣӓӘӊ ӏә ӝӛӊӘӜӚәӛӝӘӓӠ ӜӛӐӏӜӝӊӌӊ Ҭ ӚӛӊӕӜӓ ӗӐӬӞӝӓӗ ӘӊӲӢӐӣӵӐ ӘӓӲӐ ӚәӍәӏӘә ӕәәӛӏӓӘӓӛӊӝӓ ӌӐӵӓ ӋӛәӲ ӛӐӜӞӛӜӊ Ӓӊ ӚӛәӓӒӌәӏӴӞ ӌӐӵӐӍ ӋӛәӲӊ ӚӛәӓӒӌәӏӊ ӚәӜӛӐӏӜӝӌәӗ ӝӛӑӓӣӘәӍ ӗӐӠӊӘӓӒӗӊ Ҙӕә Ӌӓ Әӊ Ӛӛӓ ӗӐӛ ӘӐӕә ӌӐӖӓӕә ӚӛӐӏӞӒӐӵӐ ӕӞӚәӌӊӖә ӞӜӖӞӍӐ ӜӝӛӞӢӴӊӕӊ Әӊ ӏӘӐӌӘәӲ әӜӘәӌӓ ӝә Ӌӓ ӒӘӊӢӓӖә ӏӊ ӚӛӐӏӞӒӐӵӐ ӓ ӜӝәӝӓӘӐ ӜӝӛӞӢӴӊӕӊ ӜӌӊӕәӏӘӐӌӘә ӝӛәӣӐ ӌӛӐӗӐ ӓ ӐӘӐӛӍӓӲӞ ӚӛӐӍә-

Разлози постојања предузећа

ӌӊӛӊӲӞӵӓ ә ӝәӗӐ ӕә ӵӐ ӕәӲӓ ӚәӜӊә ӝәӍ ӏӊӘӊ ӛӊӏӓӝӓ Ӝӊ ӕӓӗ ӵӐ ӛӊӏӓӝӓ ӕәӖӓӕә ӵӐ Ӓӊ ӝә Ӌӓӝӓ ӚӖӊӵӐӘӓ ӓӝӏ ӀӊӜӘә ӲӐ ӏӊ Ӌӓ ӝӊӕӊӌ ӜӓӜӝӐӗ Ӌӓә ӓӜӞӌӓӣӐ ӘӐӐӟӓӕӊӜӊӘ ӒӋәӍ ӌӓӜәӕӓӠ ӝӛӊӘӜӊӕӡӓәӘӓӠ ӝӛәӣӕәӌӊ ҪӝәӍӊ ӊӕә ӜӞ ӝӛӊӘӜӊӕӡӓәӘӓ ӝӛәӣӕәӌӓ ӌӓӜәӕӓ ӚӛӐӏӞӒӐӵӐ ӗәӑӐ ӏӊ ӒӊӕӳӞӢӓ ӏӊ ӲӐ Ӓӊ ӴӐӍӊ ӗӘәӍә ӛӊӡӓәӘӊӖӘӓӲӐ ӏӊ ӏӞӍәӛәӢӘә ӒӊӚәӜӖӓ ӓӖӓ ӕӞӚӓ ӛӐӜӞӛӜӐ ҫӊӕә ӵӐ ӌӐӖӓӕә ӚӛӐӏӞӒӐӵӐ ӞӗӐӜӝә ӏӊ Әӊ ӏӘӐӌӘәӲ әӜӘәӌӓ ӒӊӚәӣӳӊӌӊ ӚәӝӛӐӋӘӐ ӜӝӛӞӢӴӊӕӐ ӒӊӕӳӞӢӓӌӊӝӓ ӏӞӍәӛәӢӘӐ ӞӍәӌәӛӐ ә ӒӊӚәӣӳӊӌӊӴӞ әӌӓӠ ӜӝӛӞӢӴӊӕӊ ҫӓӗӐ ӜӐ Ӓӊ Ӛӛӊӌә ӝӛӊӘӜӊӕӡӓӲӐ Ӝӊ ӝӛӑӓӣӝӊ ӚӛӐӘәӜӐ Ӟ ӚӛӐӏӞӒӐӵӐ ӓ ӓӘӝӐӛӘӊӖӓӒӞӲӞ ӊ ӞӗӐӜӝә ӏӊ ӛӐӜӞӛӜӓӗӊ ӕәәӛӏӓӘӓӛӊ ӝӛӑӓӣӘӓ ӗӐӠӊӘӓӒӊӗ ӝӞ ӞӖәӍӞ ӚӛӐӞӒӓӗӊӲӞ ӓӘӝӐӛӘӓ ӞӚӛӊӌӳӊӢӕӓ ӗӐӠӊӘӓӒӗӓ ӕәәӛӏӓӘӊӡӓӲӐ ӚӛӐӏӞӒӐӵӊ ҧӝӞӏӊ

17

ӜӚә ӜәӋӘәӜӝ ӚӛӐӏӞӒӐӵӊ ӏӊ ӕәәӛӏӓӘӓӛӊ ӛӐӜӞӛӜӐ ӓ ӝӊӕә ӜӗӊӴӓ ӝӛӊӘӜӊӕӡӓәӘӐ ӝӛәӣӕәӌӐ ӚӛӐӏӜӝӊӌӳӊ ӒӘӊӢӊӲӊӘ ӛӊӒӖәӍ ӚәӜӝәӲӊӴӊ ӚӛӐӏӞӒӐӵӊ

ҨҡҫҘӂҘ ҡ ҠҘҝҘүҡ Ҡӊӣӝә ӚәӜӝәӲӐ ӚӛӐӏӞӒӐӵӊ ңәӲӐ ӜӞ ӚӛӐӏӘәӜӝӓ ӚәӏӐӖӐ ӛӊӏӊ Ҧӊ ӕәӲӓ ӘӊӢӓӘ ӚӛӐӏӞӒӐӵӐ ӗәӑӐ ӏӊ ӜӗӊӴӓ ӛӓӒӓӕ ӓ ӘӐӓӒӌӐӜӘәӜӝ әӕӛӞӑӐӴӊ ңӊӏӊ ӜӞ ӝӛӊӘӜӊӕӡӓәӘӓ ӝӛәӣӕәӌӓ ӌӓӣӓ әӏ ӝӛәӣӕәӌӊ ӕәәӛӏӓӘӊӡӓӲӐ ӛӐӜӞӛӜӊ ӞӘӞӝӊӛ ӚӛӐӏӞӒӐӵӊ ӝӛӊӘӜӊӕӡӓӲӐ ӵӐ ӜӐ ӚӛӐӘӐӝӓ Ӝӊ ӝӛӑӓӣӝӊ Ӟ ӚӛӐӏӞӒӐӵӐ әӏӘәӜӘә ӝӛӊӘӜӊӕӡӓӲӐ ӜӐ @@@@@@@@@@@@@@@@@@

18

ПОДЕЛА ПРЕДУЗЕЋА ҙӛәӲӘӊ ӚӛӐӏӞӒӐӵӊ ӕәӲӊ ӚәӜӖӞӲӞ Ӟ ӜӊӌӛӐӗӐӘәӲ ӚӛӓӌӛӐӏӓ ӗәӍӞ ӜӐ ӚәӏӐӖӓӝӓ ӚӛӐӗӊ ӛӊӒӖӓӢӓӝӓӗ ӕӛӓӝӐӛӓӲӞӗӓӗӊ ҧӜӘәӌӘӊ ӚәӏӐӖӊ ӚӛӐӏӞӒӐӵӊ ӲӐ ӚӛӐӗӊ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊӗӊ ӝӛӊӘӜ ӟәӛӊӗӡӓәӘәӍ ӚӛәӡӐӜӊ ӌӐӖӓӢӓӘӓ ӓ ӚӛӊӌӘәӗ әӋӖӓӕӞ ӊӖӓ ӜӐ ӚӛӐӏӞӒӐӵӊ ӗәӍӞ ӚәӏӐӖӓӝӓ ӓ ӚӛӐӗӊ ӏӛӞӍӓӗ ӕӛӓӝӐӛӓӲӞӗӓӗӊ

5.1. ПОДЕЛА ПРЕДУЗЕЋА ПРЕМА КАРАКТЕРИСТИКАМА ТРАНСФОРМАЦИОНОГ ПРОЦЕСА ҧӜӘәӌӘӊ ӚәӏӐӖӊ ӚӛӐӏӞӒӐӵӊ ӚӛӐӗӊ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊӗӊ ӝӛӊӘӜӟәӛӗӊӡӓәӘәӍ ӚӛәӡӐӜӊ ӲӐ Әӊ ӚӛәӓӒӌәӏӘӊ ӓ ӞӜӖӞӑӘӊ ӚӛӐӏӞӒӐӵӊ

ҨӛәӓӒӌәӏӘә ӚӛӐӏӞӒӐӵӐ ҨӛәӓӒӌәӏӘӊ ӚӛӐӏӞӒӐӵӊ әӋӊӌӳӊӲӞ ӜӌәӲӞ ӏӐӖӊӝӘәӜӝ ӝӛӊӘӜӟәӛӗӓӣӞӵӓ ӞӖӊӍӊӴӊ Ӟ ӚӛәӡӐӜӞ ӚӛәӓӒӌәӏӴӐ Ӟ ӚӛәӓӒӌәӏӐ Ҭ ӝәӗ ӚӛәӡӐӜӞ ӞӚәӝӛӐӋӘӓ ӕӌӊӖӓӝӐӝӓ ӞӖәӑӐӘӓӠ ӛӐӜӞӛӜӊ ӝӛӊӘӜӟәӛӗӓӣӞ ӜӐ Ӟ ӞӚәӝӛӐӋӘӐ ӕӌӊӖӓӝӐӝӐ ӍәӝәӌӓӠ ӚӛәӓӒӌәӏӊ ҡӒ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊ ӝӐ ӠӘәӖәӣӕәӍ ӚӛәӡӐӜӊ ӚӛәӓӒӌәӏӴӐ ӓ ӚӛәӓӒӌәӏӊ ӕӊә ӛӐӒӞӖӝӊӝӊ ӝәӍ ӚӛәӡӐӜӊ ӗәӍӞ ӜӐ ӓӒӌӐӜӝӓ әӜӘәӌӘӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӚӛәӓӒӌәӏӘӓӠ ӚӛӐӏӞӒӐӵӊ ҨӛӐ ӜӌӐӍӊ ӚӛәӡӐӜ ӚӛәӓӒӌәӏӴӐ ӚӛәӓӒӌәӏӊ ӲӐ әӏӌәӲӐӘ әӏ ӚӛәӡӐӜӊ ӚәӝӛәӣӴӐ ӚӛәӓӒӌәӏӊ Ҩә ӒӊӌӛӣӐӝӕӞ ӚӛәӡӐӜӊ ӚӛәӓӒӌәӏӴӐ ӚӛәӓӒӌәӏӓ ӜӐ ӜӕӖӊӏӓӣӝӐ ӓ ӝӐӕ Ӛәӣӝә ӜӐ ӚӛәӏӊӲӞ Әӊ ӝӛӑӓӣӝӞ ӗәӍӞ ӜӐ ӝӛәӣӓӝӓ Ұӊӕ ӓ ӕӊӏӊ ӜӞ ӚӛәӓӒӌәӏӓ ӘӊӗӐӴӐӘӓ ӚәӒӘӊӝәӗ

ӕӞӚӡӞ әӏӘәӜӘә ӕӊӏӊ ӜӐ ӚӛәӓӒӌәӏӓ әӏӗӊӠ Ӛә ӒӊӌӛӣӐӝӕӞ ӚӛәӡӐӜӊ ӚӛәӓӒӌәӏӴӐ ӓӜӚәӛӞӢӞӲӞ ӕӞӚӡӞ ӓӖӓ ӕӊӏӊ ӜӐ ӚӛәӓӒӌәӏ ӘӐ ӗәӑӐ ӜӕӖӊӏӓӣӝӓӝӓ ӕӊә ӐӖӐӕӝӛӓӢӘӊ ӐӘӐӛӍӓӲӊ Әӓ ӝӊӏӊ ӝӛәӣӐӴӐ ӚӛәӓӒӌәӏӊ ӘӐ ӗәӑӐ ӏӊ ӚәӢӘӐ ӚӛӐ ӘӐӍә ӣӝә ӜӐ Ӟ ӚӛәӡӐӜӞ ӚӛәӓӒӌәӏӴӐ Ӓӊӌӛӣӓ әӋӖӓӕәӌӊӴӐ ӴӐӍәӌӓӠ ӞӚәӝӛӐӋӘӓӠ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊ ҧӏӌәӲӐӘәӜӝ ӚӛәӡӐӜӊ ӚӛәӓӒӌәӏӴӐ әӏ ӚӛәӡӐӜӊ ӚәӝӛәӣӴӐ ӚӛәӓӒӌәӏӊ әӗәӍӞӵӊӌӊ ӚӛәӓӒӌәӏӘӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ӜӝӊӘӏӊӛӏӓӒӊӡӓӲӞ ӚӛәӓӒӌәӏӘәӍ ӊӜәӛӝӓӗӊӘӊ ҨәӛӐӏ ӝәӍӊ ӝә әӗәӍӞӵӊӌӊ ӳӞӏӓӗӊ ӒӊӚәӜӖӐӘӓӗ Ӟ ӝӐӠӘәӖәӣӕәӗ ӚӛәӡӐӜӞ ӜӚӐӡӓӲӊӖӓӒӊӡӓӲӞ Ӓӊ ӚәӲӐӏӓӘӐ ӞӑӐ ӚәӜӖәӌӐ ӓ ӛӊӒӌәӲ ӴӓӠәӌӐ ӝӐӠӘәӖә ӣӕӐ ӜӝӛӞӢӘәӜӝӓ ҩӐӒӞӖӝӊӝ ӚӛәӡӐӜӊ ӚӛәӓӒӌәӏӴӐ ӲӐ әӚӓ Ӛӳӓӌ ӟӓӒӓӢӕӓ ӚӛәӓӒӌәӏ ӕәӲӓ ӗәӑӐ Ӛә ӜӖӞӑӓӝӓ Ӓӊ ӚәӝӛәӣӴӞ ӓӖӓ ӏӊӳӞ ӚӛӐӛӊӏӞ Ӟ ӚӛәӓӒӌәӏӴӓ ҡӊӕә ӒӘӊӴӐ ӓ ӜӚәӜәӋӘәӜӝ ӒӊӚә ӜӖӐӘӓӠ ӓӗӊӲӞ ӌӐӖӓӕӓ ӒӘӊӢӊӲ Ӟ ӚӛәӡӐӜӞ ӚӛәӓӒӌәӏӴӐ ӛӊӒӖӓӢӓӝӊ ӜӛӐӏӜӝӌӊ ӕӊә ӣӝә ӜӞ ӛӊӒӖӓӢӓӝӐ ӌӛӜӝӐ ӗӊӝӐӛӓӲӊӖӊ ӓ ӜӛӐӏӜӝӊӌӊ Ӓӊ ӛӊӏ ӓӘӝӐӘӒӓӌӘә ӞӢӐӜӝӌӞӲӞ Ӟ ӚӛәӡӐӜӞ Ӛӛәӓ ӒӌәӏӴӐ ҪӝәӍӊ ӜӞ ӚӛәӓӒӌәӏӘӊ ӚӛӐӏӞӒӐӵӊ ӕӊӚӓӝӊӖӘә ӓӘӝӐӘӒӓӌӘӊ ӊ ӝӐӠӘәӖәӣӕӓ ӟӊ ӕӝәӛӓ ӓӗӊӲӞ ӏәӗӓӘӊӘӝӘӞ ӞӖәӍӞ Ӟ әӌӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ҝӊ Ӌӓ ӓӜӕәӛӓӜӝӓӖӓ ӗәӍӞӵӘәӜӝӓ ӝӐӠӘәӖәӍӓӲӐ ӓ ӜӗӊӴӓӖӓ ӝӛәӣӕәӌӐ Ӛӛәӓ ӒӌәӏӴӐ ӚӛәӓӒӌәӏӘӊ ӚӛӐӏӞӒӐӵӊ ӕәӘӡӐӘӝӛӓӣӞ ӜӛӐӏӜӝӌӊ ӕәӲӓӗӊ ӛӊӜӚәӖӊӑӞ ңӊә ӌӐӖӓӕӊ ӜӕӞӚӓӘӊ ӚӛӐӏӞӒӐӵӊ ӚӛәӓӒӌә ӏӘӊ ӚӛӐӏӞӒӐӵӊ ӜӐ ӏӊӳӐ ӗәӍӞ ӚәӏӐӖӓӝӓ ӚӛӐӗӊ ӜӌәӲәӲ ӏӐӖӊӝӘәӜӝӓ әӏӘәӜӘә ӜӚӐӡӓӟӓӢӘӓӗ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊӗӊ ӚӛәӓӒӌәӏӘәӍ ӚӛәӡӐӜӊ Әӊ ӓӘӏӞӜӝӛӓӲӜӕӊ ӍӛӊӬӐӌӓӘӜӕӊ ӚәӳәӚӛӓӌӛӐӏӘӊ ӓ ӣӞӗӊӛӜӕӊ ӚӛӐӏӞӒӐӵӊ ӓ ӛӞӏӘӓӕӐ

Подела предузећа

ҠӋәӍ ӌӐӖӓӕӐ ӛӊӒӘәӌӛӜӘәӜӝӓ ӚӛәӡӐӜӊ ӚӛәӓӒӌәӏӴӐ ӓӘӏӞӜӝӛӓӲӜӕӊ ӚӛӐӏӞӒӐӵӊ ӜӐ ӘӊӲӏӐӝӊӳӘӓӲӐ ӗәӍӞ ӚәӏӐӖӓӝӓ ӓ ӝә ӚӛӐӗӊ ӓӘӏӞӜӝӛӓӲӜӕӓӗ ӍӛӊӘӊӗӊ ҫӊӕә ӓӘӏӞӜӝӛӓӲӜӕӊ ӚӛӐӏӞӒӐӵӊ ӗәӍӞ Ӌӓӝӓ ӚӛӐӏӞӒӐӵӊ ӓӒ ӠӐӗӓӲӜӕӐ ӗӐ ӝӊӖәӚӛӐӛӊӬӓӌӊӢӕӐ ӗӊӣӓӘәӍӛӊӏӴӐ ӐӖӐӕӝӛәӓӘӏӞӜӝӛӓӲӐ ӝӐӕӜӝӓӖӘӐ ӓӘӏӞӜӝӛӓӲӐ ӓӝӏ қӛӊӬӐӌӓӘӜӕӊ ӚӛӐӏӞӒӐӵӊ ӗәӍӞ ӜӐ ӚәӏӐӖӓӝӓ Әӊ ӚӛӐӏӞӒӐӵӊ ӘӓӜӕӐ ӓ ӚӛӐӏӞӒӐӵӊ ӌӓӜәӕӐ ӍӛӊӏӴӐ ӊ ӛӞӏӘӓӡӓ Әӊ ӛӞӏӘӓӕӐ ӗӐӝӊӖӊ ӘӐӗӐ ӝӊӖӊ ӓ ӟәӜӓӖӘӓӠ ӗӊӝӐӛӓӲӊӖӊ ӛӞӏӘӓӡӓ ӞӍӳӊ ӐӕӜӚӖәӊӝӊӡӓӲӊ ӘӊӟӝӐ ӓ ӍӊӜӊ ӓ ӜӖ ҨәӳәӚӛӓӌӛӐӏӘӊ ӚӛӐӏӞӒӐӵӊ ӗәӍӞ ӜӐ ӚәӏӐӖӓӝӓ ӚӛӐӗӊ ӏӐ ӖӊӝӘәӜӝӓ Әӊ ӚӛӐӏӞӒӐӵӊ ӕәӲӊ ӚӛәӓӒӌәӏӐ Ӛә ӳәӚӛӓӌӛӐӏӘӐ ӚӛәӓӒӌәӏӐ ӓ Әӊ әӘӊ ӕәӲӊ ӚӛӐӛӊӬӞӲӞ ӚӛӓӗӊӛӘӐ ӚәӳәӚӛӓӌӛӐӏӘӐ ӚӛәӓӒӌәӏӐ ӑӓӝӊӛӓӡӐ ӌәӵӐ ӚәӌӛӵӐ ӗӖӐӕә ӓ ӗӐӜә

ҨҡҫҘӂҘ ҡ ҠҘҝҘүҡ ңәӲӓ ӜӞ әӜӘәӌӘӓ ӕӛӓӝӐӛӓӲӞӗӓ ӚәӏӐӖӐ ӚӛӐӏӞӒӐӵӊ ҨӛәӓӒӌәӏӘӊ ӚӛӐӏӞӒӐӵӊ ӜӞ @@@@@@@@@@@@ @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ ңәӲӐ ӜӞ әӜӘәӌӘӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӚӛәӓӒӌәӏӘӓӠ ӚӛӐӏӞӒӐӵӊ ңәӲӐ ӌӛӜӝӐ ӚӛәӓӒӌәӏӘӓӠ ӚӛӐӏӞӒӐӵӊ Ӛә ӜӝәӲӐ

ҬӜӖӞӑӘә ӚӛӐӏӞӒӐӵӐ ҬӜӖӞӑӘӊ ӚӛӐӏӞӒӐӵӊ Ӟ ӚӛәӡӐӜӞ ӝӛӊӘӜӟәӛӗӊӡӓӲӐ ӞӖӊӍӊӴӊ Ӟ ӛӐӒӞӖӝӊӝ ӚӛӞӑӊӲӞ ӞӜӖӞӍӞ ӜӌәӲӓӗ ӕӖӓӲӐӘӝӓӗӊ ҪӚӐӡӓӟӓӢӘәӜӝ ӝӛӊӘӜӟәӛӗӊӡӓәӘәӍ ӚӛәӡӐӜӊ ӞӜӖӞӑӘӓӠ ӚӛӐӏӞӒӐӵӊ ӲӐ ӘӐәӏӌәӲӓӌәӜӝ ӚӛәӡӐӜӊ ӚӛӞӑӊӴӊ ӞӜӖӞ ӍӐ ӓ ӚӛәӡӐӜӊ ӚәӝӛәӣӴӐ ӞӜӖӞӍӐ ҚӛӐӗӐӘӜӕә ӚӛӐӕӛӓӌӊӴӐ әӌӊ ӏӌӊ ӚӛәӡӐӜӊ ӚәӏӛӊӒӞӗӐӌӊ ӘӐӚәӜӛӐӏӊӘ ӕәӘӝӊӕӝ ӚӛӞӑӊәӡӊ ӞӜӖӞӍӐ ӓ ӴӐӘәӍ ӕәӛӓӜӘӓӕӊ ҫӊӕә ӜӐ ӚӊӡӓӲӐӘӝ ӗәӛӊ ӜӛӐӜӝӓ Ӝӊ ӏәӕӝәӛәӗ ӏӊ Ӌӓ ӗӞ ӋӓӖӊ ӚӛӞӑӐӘӊ ӞӜӖӞӍӊ ӖӐӢӐӴӊ ӕӖӓӲӐӘӝ ӗәӛӊ Ӌӓӝӓ Ӟ ӘӐӚәӜӛӐӏӘәӗ ӕәӘӝӊӕӝӞ Ӝӊ ӕәӘӜӞӖӝӊӘӝәӗ ӓӖӓ ӊӏ-

19

ӌәӕӊӝәӗ ӏӊ Ӌӓ ӏәӋӓә ӑӐӳӐӘӞ ӞӜӖӞӍӞ ӊ ӍәӜӝ ӗәӛӊ ӏӊ ӋӞӏӐ Ӟ ӠәӝӐӖӞ ӏӊ Ӌӓ Ӌӓә ӞӜӖӞӑӐӘ ңӊӕә ӜӞ ӕәӛӓӜӘӓӡӓ ӞӜӖӞӍӊ ӞӕӳӞӢӐӘӓ Ӟ ӚӛәӡӐӜ ӚӛӞӑӊӴӊ ӞӜӖӞӍӊ ӞӜӖӞӍӐ ӜӞ ӗӘәӍә ӌӓӣӐ ӚӛӓӖӊӍәӬӐӘӐ ӜӚӐӡӓӟӓӢӘӓӗ ӚәӝӛӐӋӊӗӊ ӴӐӘӓӠ ӕәӛӓӜӘӓӕӊ ӘӐӍә ӣӝә ӜӞ ӚӛәӓӒӌәӏӓ ӚӛәӓӒӌәӏӘәӍ ӚӛӐӏӞӒӐӵӊ Ҡӊ ӛӊӒӖӓӕӞ әӏ ӞӜӖӞ ӑӘӓӠ ӚӛӐӏӞӒӐӵӊ ӚӛәӓӒӌәӏӘӊ ӚӛӐӏӞӒӐӵӊ ӚӛәӓӒӌәӏӐ ӚӛәӓӒӌәӏӐ Ӟ ӚӛәӡӐӜӞ ӕәӲӓ ӚӛӐӝӠә ӏӓ ӴӓӠәӌәӲ ӚәӝӛәӣӴӓ ӊ ӴӓӠәӌӓ ӚӛәӓӒӌәӏӓ ӜӞ ӞӍӖӊӌӘәӗ ӜӝӊӘӏӊӛӏӓӒәӌӊӘӓ ңӊә ӘӐӗӊӝӐӛӓӲӊӖӓӒәӌӊӘӓ ӛӐӒӞӖӝӊӝ ӞӜӖӞӍӊ ӲӐ ӘӐәӚӓӚӳӓӌӊ ӓ ӴӞ ӢӓӘӐ ӞӍӖӊӌӘәӗ ӒӘӊӴӐ ӓ ӞӗӐӵӐ ӳӞӏӓ ӓ ӓӘӟәӛӗӊӡӓӲӐ Ӓӊ ӛӊӒӖӓӕӞ әӏ ӚӛәӓӒӌәӏӊ ӚӛәӓӒӌәӏӘӓӠ ӚӛӐӏӞӒӐӵӊ ӕәӲӓ ӓӗӊӲӞ ӜӌәӲӐ ӟӓӒӓӢӕӐ ӗӊӝӐӛӓӲӊӖӘӐ ӚәӲӊӌӘӐ әӋӖӓ ӕӐ ҪӝәӍӊ ӜӞ ӞӜӖӞӑӘӊ ӚӛӐӏӞӒӐӵӊ Ӛә Ӛӛӊ ӌӓӖӞ ӛӊӏӘә ӓӘӝӐӘӒӓӌӘӊ Ӓӊ ӛӊӒӖӓӕӞ әӏ Ӛӛә ӓӒӌәӏӘӓӠ ӚӛӐӏӞӒӐӵӊ ӕәӲӊ ӜӞ ӕӊӚӓӝӊӖӘә ӓӘӝӐӘӒӓӌӘӊ ҡӒӘӐӝӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӝӐӠӘәӖәӣӕәӍ Ӛӛә ӡӐӜӊ ӞӜӖӞӑӘӓӠ ӚӛӐӏӞӒӐӵӊ ӞӜӖәӌӳӊӌӊӲӞ ӓ ӏӛӞӍӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ әӌӓӠ ӚӛӐӏӞӒӐӵӊ ҠӋәӍ ӘӐӚәӜӛӐӏӘәӍ ӕәӘӝӊӕӝӊ Ӝӊ ӕәӛӓӜӘӓӡӓӗӊ ӞӜӖӞӍӊ ӓ ӛӊӏӘә ӓӘӝӐӘӒӓӌӘәӍ ӚӛәӡӐӜӊ ӚӛӞӑӊӴӊ ӞӜӖӞӍӊ ӞӜӖӞӑӘӊ ӚӛӐӏӞӒӐӵӊ ӘӐ ӗәӛӊӲӞ Ӌӓӝӓ ӌӐӖӓӕӊ ӏӊ Ӌӓ ӋӓӖӊ ӐӟӓӕӊӜӘӊ ҪӌәӲӞ ӐӟӓӕӊӜӘәӜӝ әӌӊ ӚӛӐӏӞӒӐӵӊ ӗәӍӞ ӚәӌӐӵӊӝӓ ӚәӏӐӖәӗ Ӟ ӗӊӴӐ әӛӍӊӘӓӒӊӡӓәӘӐ ӲӐӏӓӘӓӡӐ ӖәӡӓӛӊӘӐ Ӟ ӋӖӓӒӓӘӓ ӕӖӓӲӐӘӊӝӊ ҫӊӕә ӋӊӘӕӐ ӝӞӛӓӜӝӓӢӕӐ ӊӍӐӘӡӓӲӐ ӊӍӐӘӡӓӲӐ Ӓӊ ӚәӜӛӐӏәӌӊӴӐ әӋӛӊӒәӌӘӐ әӛӍӊӘӓӒӊӡӓӲӐ ӛӐӘӝӊӕӊӛ SFO‫ ڀ‬B DBS әӛӍӊӘӓӒӊӡӓӲӐ ӛӐӜӝәӛӊӘӓ Ӓӊ ӋӛӒӞ ӚӛӓӚӛӐӗӞ ӠӛӊӘӐ ӓ ӜӖӓӢӘә ӓӗӊӲӞ ӜӌәӲӐ әӛӍӊӘӓӒӊӡӓәӘӐ ӲӐӏӓ ӘӓӡӐ ӐӕӜӚәӒӓӝӞӛӐ ӚӛӐӏӜӝӊӌӘӓӣӝӌӊ ӣӊӖӝӐӛӐ ӛӐӜӝәӛӊӘӐ ӓ ӜӖ Ӓӊ ӚӛӞӑӊӴӐ ӞӜӖӞӍӊ Әӊ ӌӐӵӐӗ ӋӛәӲӞ ӖәӕӊӡӓӲӊ Ҡӊ ӛӊӒӖӓӕӞ әӏ ӞӜӖӞӑӘӓӠ ӚӛӐӏӞӒӐӵӊ ӚӛәӓӒӌәӏӘӊ ӚӛӐӏӞӒӐӵӊ Ӛә ӚӛӊӌӓӖӞ әӋӊӌӳӊӲӞ ӜӌәӲӞ ӏӐӖӊӝӘәӜӝ Әӊ ӲӐӏӘәӲ ӓӖӓ ӗӊӴӐӗ ӋӛәӲӞ ӖәӕӊӡӓӲӊ Әӊ ӕәӲӓӗӊ ӓӗӊӲӞ Ӗӊӕӣӓ ӚӛӓӜӝӞӚ ӜӓӛәӌӓӘӊӗӊ ӓ ӗӊӝӐӛӓӲӊӖӓӗӊ ӝӛӑӓӣӝӞ ӓӖӓ ӛӊӏӘәӲ ӜӘӊӒӓ ӕәӘӡӐӘӝӛӓӣӞӵӓ ӝӊӕә ӜӛӐӏӜӝӌӊ ӕәӲӓӗӊ ӛӊӜӚәӖӊӑӞ

20

Предузеће

ҦӐәӏӌәӲӓӌәӜӝ ӚӛӞӑӊӴӊ ӓ ӚәӝӛәӣӴӐ ӞӜӖӞӍӐ ӒӊӠӝӐӌӊ ӌӓӜәӕ ӜӝӐӚӐӘ ӜӞӣӝӓӘӜӕӐ ӜӝӛӞӢӘәӜӝӓ ӒӊӚәӜӖӐӘӓӠ Ӟ ӞӜӖӞӑӘӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ҝӊ Ӌӓ ӞӜӖӞӍӐ ӒӊӏәӌәӳӓӖӐ ӚәӝӛӐӋӐ ӕӖӓӲӐӘӊӝӊ ӘӓӲӐ ӘӐәӚӠәӏӘә ӏӊ ӳӞӏӓ ӕәӲӓ ӓӠ ӚӛӞӑӊӲӞ ӚәӒӘӊӲӞ Ӝӊӗә ӚӛәӡӐӜ ӚӛӞӑӊӴӊ ӞӜӖӞӍӊ ӌӐӵ ӓ ӏӊ ӓӗӊӲӞ ӜӚәӜәӋӘәӜӝӓ ӏӊ ӛӊӒӞӗӐӲӞ ӚӛәӋӖӐӗӐ ӕӖӓӲӐӘӊӝӊ ӓ ӏӊ ӓӗ ӚәӗәӍӘӞ Ӟ ӴӓӠәӌәӗ ӛӐӣӊӌӊӴӞ ҝӛӞӍӓӗ ӛӐӢӓӗӊ ӒӊӚәӜӖӐӘӓ Ӟ ӞӜӖӞӑӘӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ӗәӛӊӲӞ ӏӊ ӓӗӊӲӞ ӘӐ Ӝӊӗә ӝӐӠӘӓӢӕӊ ӒӘӊӴӊ ӌӐӵ ӓ ӠӞӗӊӘӓӜӝӓӢӕӊ ӒӘӊӴӊ ӓ ӓӘӝӐӛӚӐӛӜәӘӊӖӘӐ ӜӚәӜәӋӘәӜӝӓ Қӓӣӓ Әӓӌә ӒӘӊӴӊ ӓ ӜӚәӜәӋӘәӜӝӓ ӒӊӚәӜӖӐӘӓӠ әӗәӍӞӵӊӌӊ ӞӜӖӞӑӘӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ӌӓӣӓ ӜӝӐӚӐӘ ӏӐӡӐӘӝӛӊӖӓӒӊӡӓӲӐ әӏӖӞӢӓӌӊӴӊ ӕӊә ӓ ӗӊӴӓ ӜӝӐӚӐӘ ӟәӛӗӊӖӓӒӊӡӓӲӐ әӏӘәӜӊ Ӟ ӚӛӐӏӞӒӐӵӞ Ҧӊ ӜӖӓӡӓ ӚӛӓӕӊӒӊӘӐ ӜӞ әӜӘәӌӘӐ ӛӊӒӖӓӕӐ ӓӒӗӐӬӞ ӚӛәӓӒӌәӏӘӓӠ ӓ ӞӜӖӞӑӘӓӠ ӚӛӐӏӞӒӐӵӊ

ҡӒӖәӑӐӘӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӚӛӐӏӜӝӊӌӳӊӲӞ ӝӓӚӓӢӘӐ ӚӛӐәӌӖӊӬӞӲӞӵӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӌӐ ӵӓӘӐ ӞӜӖӞӑӘӓӠ ӚӛӐӏӞӒӐӵӊ ӣӝә ӗӐӬӞӝӓӗ ӘӐ ӒӘӊӢӓ ӏӊ ӘӐӕӊ ӞӜӖӞӑӘӊ ӚӛӐӏӞӒӐӵӊ ӘӐӗӊӲӞ ӓ ӘӐӕӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӚӛәӓӒӌәӏӘӓӠ ӚӛӐӏӞӒӐӵӊ ҡ әӋӛӊӝӘә ӘӐӕӊ ӚӛәӓӒӌәӏӘӊ ӚӛӐӏӞӒӐӵӊ ӓӗӊӲӞ ӓӒӌӐӜӘӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӞӜӖӞӑӘӓӠ ӚӛӐ ӏӞӒӐӵӊ ҝӛӞӍӓӗ ӛӐӢӓӗӊ ӚәӜӝәӲӐ ӚӛӐӏӞӒӐӵӊ ӕәӲӊ ӜӞ Ӛә ӜӌәӲӓӗ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊӗӊ ӓӒӗӐӬӞ ӚӛәӓӒӌәӏӘӓӠ ӓ ӞӜӖӞӑӘӓӠ ӚӛӐӏӞӒӐӵӊ ҫӊӕә ӓӊӕә ӋӊӘӕӐ ӓӖӓ ӛӐӜӝәӛӊӘӓ Ӓӊ ӋӛӒә ӚӛӓӚӛӐӗӊӴӐ ӠӛӊӘӐ ӚӛӞӑӊӲӞ ӞӜӖӞӍӐ ӘӐӕӐ ӴӓӠәӌӐ ӞӜӖӞ ӍӐ ӓӗӊӲӞ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӚӛәӓӒӌәӏӊ Ҭ ӛӐ ӜӝәӛӊӘӓӗӊ Ӓӊ ӋӛӒә ӚӛӓӚӛӐӗӊӴӐ ӠӛӊӘӐ ӜӝӊӘӏӊӛӏӓӒәӌӊӘӊ ӲӐӖӊ ӘӚӛ #JH .BD ӓӗӊӲӞ ӗӘәӍӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӚӛәӓӒӌәӏӊ ӊ ӋӊӘӕӐ ӜӌӐ ӌӐӵӓ ӏӐә ӜӌәӲӓӠ ӞӜӖӞӍӊ ӚӛӞӑӊӲӞ Ӟ әӋӖӓӕӞ tӚӊӕӐӝӊ ӞӜӖӞӍӊu әӏӘәӜӘә ӜӝӊӘӏӊӛӏӓӒәӌӊӘӓӠ ӋӊӘӕӊӛӜӕӓӠ ӚӛәӓӒӌәӏӊ ӕәӲӓ Әӊ ӚӛӓӗӐӛ ӚәӛӐӏ әӝ-

ҨӛәӝәӝӓӚ ӝӐӠӘәӖәӍӓӲӐ ӚӛәӓӒӌәӏӴӐ 1. ҨӛәӓӒӌәӏӓ ӜӐ ӜӕӖӊӏӓӣӝӐ ӓ ӕӊӜӘӓӲӐ ӝӛәӣӐ 2. ҪӝӊӘӏӊӛӏӓӒәӌӊӘ output 3. ҫӐӠӘӓӢӕӐ ӊӕӝӓӌӘәӜӝӓ ӜӞ әӏӌәӲӐӘӐ әӏ ӚәӝӛәӣӊӢӊ 4. ҧӚӓӚӳӓӌ output 5. ңӊӚӓӝӊӖӘә ӓӘӝӐӘӒӓӌӊӘ ӚӛәӡӐӜ

ҨӛәӝәӝӓӚ ӝӐӠӘәӖәӍӓӲӐ ӚӛӞӑӊӴӐ ӞӜӖӞӍӊ 1. ҦӐәӏӌәӲӓӌәӜӝ ӚӛәӡӐӜӊ ӚӛӞӑӊӴӊ ӞӜӖӞӍӐ ӓ ӚӛәӡӐӜӊ ӚәӝӛәӣӴӐ 2. ҨӛӓӖӊӍәӬӐӘәӜӝ ӞӜӖӞӍӊ ӚәӝӛӐӋӊӗӊ 3. ңәӛӓӜӘӓӕ ӞӜӖӞӍӊ ӲӐ ӞӕӳӞӢӐӘ Ӟ ӚӛәӡӐӜ ӚӛӞ ӑӊӴӊ ӞӜӖӞӍӐ 4. ҦӐәӚӓӚӳӓӌ output 5. ҩӊӏӘә ӓӘӝӐӘӒӓӌӊӘ ӚӛәӡӐӜ ҬӜӖӞӍӐ ҘӌӓәӕәӗӚӊӘӓӲӐ ҮәӝӐӖӓ ңәӘӜӞӖӝӊӘӜӕӐ ӟӓӛӗӐ ҙәӖӘӓӡӐ

ҨӛәӓӒӌәӏӓ ӓ ӞӜӖӞӍӐ ҩӐӜӝәӛӊӘӓ Ӓӊ ӋӛӒӞ ӚӛӓӚӛӐ ӗӞ ӠӛӊӘӐ ҙӊӘӕӐ ҥӊӖәӚӛәӏӊӲӘӓ әӋӲӐӕӝӓ ҙӛәӕӐӛӓ ӓ ӏӓӖӐӛӓ

ҨӛәӓӒӌәӏӓ ҰӐӖӓӢӘӓ ҩӞӏӘӓӡӓ ҨӛәӓӒӌәӏӴӊ ӊӞӝәӗәӋӓӖӊ ҨӛӐӛӊӏӊ ӚәӳәӚӛӓӌӛӐӏӘӓӠ ӚӛәӓӒӌәӏӊ

ҪӖӓӕӊ ԥՆՎՒՏՑՌ ՏՎՓՌը՚ Ֆ՗Օ՝Ռ՘Ն ՙ՗ՆՔ՘՛Օ՗ՓՆ՝ՏծՌ Ֆ՗ՕՏՎՈՕՋՔՏ՜ Տ ՚՘Ւ՚ՍՔՏ՜ Ֆ՗ՌՋ՚ՎՌձՆ

Подела предузећа

ӌӊӛӊӴӊ ӝӐӕӞӵӐӍ ӛӊӢӞӘӊ әӋӞӠӌӊӝӊӲӞ әӏәӋӛӊӌӊӴӐ ӒӊӏӞӑӓӌӊӴӊ Ӛә ӝӐӕӞӵӐӗ ӛӊӢӞӘӞ ӕӛӐӏӓӝӘӞ ӕӊӛӝӓӡӞ ӓ ӜӖӓӢӘә

ҨҡҫҘӂҘ ҡ ҠҘҝҘүҡ

ҬӜӖӞӑӘӊ ӚӛӐӏӞӒӐӵӊ ӜӞ @@@@@@@@@@@@@@@ @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ ңәӲӊ ӜӐ ӒӘӊӴӊ ӓ ӜӚәӜәӋӘәӜӝӓ әӢӐӕӞӲӞ әӏ ӒӊӚәӜӖӐӘӓӠ Ӟ ӞӜӖӞӑӘӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ңәӲӐ ӜӞ әӜӘәӌӘӐ ӛӊӒӖӓӕӐ ӓӒӗӐӬӞ ӚӛәӓӒӌәӏӘӓӠ ӓ ӞӜӖӞӑӘӓӠ ӚӛӐӏӞӒӐӵӊ 5.2. ПОДЕЛА ПРЕДУЗЕЋА ПРЕМА ВЕЛИЧИНИ Ԥ՗ՌՓՆ ՈՌ ՒՏ ՞Տ ՔՏ ӚӛӐӏ Ӟ ӒӐ ӵӊ ӜӐ ӏӐӖӐ Әӊ ӗӊ Ӗӊ ӜӛӐӏ Ӵӊ ӓ ӌӐ Ӗӓ ӕӊ ҨәӛӐӏ әӌӐ әӜӘәӌӘӐ ӚәӏӐӖӐ ӚӛӐӏӞӒӐӵӊ ӚӛӐӗӊ ӌӐӖӓӢӓӘӓ Ӟ ӘәӌӓӲӐ ӌӛӐӗӐ ӜӐ ӜӌӐ ӌӓӣӐ Ӎәӌәӛӓ ӓ ә ӗӓӕӛәӚӛӐӏӞӒӐӵӓӗӊ Ӛӊ ӜӐ ӚәӜӖӐӏӓӢӘә ӚӛӐӏӞӒӐӵӊ ӚӛӐӗӊ ӌӐӖӓӢӓӘӓ ӗәӍӞ ӚәӏӐӖӓӝӓ ӓ Әӊ ӗӓӕӛә ӗӊӖӊ ӜӛӐӏӴӊ ӓ ӌӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ ңӊӕә ӗӓӕӛә ӚӛӐӏӞӒӐӵӊ Ӟ әӜӘәӌӘӓ ӓӗӊӲӞ ӜӖӓӢӘӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӕӊә ӓ ӗӊӖӊ ӚӛӐӏӞӒӐӵӊ Ӟ әӌәӗ Ӛә ӍӖӊӌӳӞ ӛӊӒӗәӝӛӐӘӐ ӜӞ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӗӊӖӓӠ ӜӛӐӏӴӓӠ ӓ ӌӐӖӓӕӓӠ ӚӛӐӏӞӒӐӵӊ ԣ՘ՔՕՈՔՏ Ֆ՗ՕՇՒՌՓ Ӛӛӓ ӚәӏӐӖӓ ӚӛӐӏӞӒӐӵӊ ӚӛӐӗӊ ӌӐӖӓӢӓӘӓ ӲӐ ӓӒӋәӛ ӗӐӛӓӖӊ ӓӘӏӓӕӊӝәӛӊ ӌӐӖӓӢӓӘӐ ҧӋӓӢӘә ӜӐ ӌӐӖӓӢӓӘӊ ӚӛӐӏӞӒӐӵӊ ӓӒӛӊӑӊӌӊ ӋӛәӲӐӗ ӒӊӚәӜӖӐӘӓӠ ӌӓӜӓӘәӗ ӜӛӐӏӜӝӊӌӊ ӕәӲӓӗ ӚӛӐӏӞӒӐӵӐ ӛӊӜӚәӖӊӑӐ ӌӓӜӓӘәӗ ӞӕӞӚӘәӍ ӚӛӓӠәӏӊ ӚӛӐӏӞӒӐӵӊ ӓ ӜӖӓӢӘә ҨӛәӋӖӐӗ ӕәӲӓ ӗәӑӐ ӘӊӜӝӊӝӓ ӓӒӋәӛәӗ ӚәӲӐӏӓӘӊӢӘәӍ ӗӐӛӓӖӊ ӌӐӖӓӢӓӘӐ ӲӐ ӏӊ ӓӒӊӋӛӊӘә ӗӐӛӓӖә ӘӐ Ӟӌӊӑӊӌӊ ӜӚӐӡӓӟӓӢӘӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӚәӲӐӏӓӘӓӠ ӚӛӐӏӞӒӐӵӊ ӝӐ ӏӊ ӜӝәӍӊ ӘӐ ӓӒӛӊӑӊӌӊ ӜӝӌӊӛӘӞ ӌӐӖӓӢӓӘӞ ӚӛӐӏӞӒӐӵӊ ҫӊӕә ӊӕә ӜӐ ӕӊә ӗӐӛӓӖә ӌӐӖӓӢӓӘӐ ӚӛӐӏӞӒӐӵӊ ӞӒӗӐ ӋӛәӲ ӒӊӚәӜӖӐӘӓӠ ӚӛӐӏӞӒӐӵӐ ӕәӲӐ ӚәӜӖӞӲӐ Ӟ ӕӊӚӓӝӊӖӘә ӓӘӝӐӘӒӓӌӘәӲ ӏӐӖӊӝӘә Ӝӝӓ ӗәӑӐ Ӌӓӝӓ ӕӖӊӜӓӟӓӕәӌӊӘә ӕӊә ӗӊӖә ӓӊӕә әӌә ӚӛӐӏӞӒӐӵӐ ӛӊӜӚәӖӊӑӐ әӍӛәӗӘӓӗ ӕӊӚӓӝӊӖәӗ ӓ әӜӝӌӊӛӞӲӐ ӌӐӖӓӕӓ ӚӛӓӠәӏ ӓ Ӛӛәӟӓӝ

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Ҧӊ әӜӘәӌӞ әӌәӍ ӗӐӛӓӖӊ ӚӛӐӏӞӒӐӵӐ Ӓӊ ӏӓӜӝӛӓ ӋӞӡӓӲӞ ӍӊӜӊ ӓӖӓ ӠӓӏӛәӐӖӐӕӝӛӊӘӊ ӗәӍӖӓ Ӌӓ Ӌӓӝӓ ӛӊӒӌӛӜӝӊӘӓ Ӟ ӗӊӖӊ ӚӛӐӏӞӒӐӵӊ Ӝӊӗә Ӓӊӝә ӣӝә ӒӊӚәӣӳӊӌӊӲӞ ӗӊӖӓ ӋӛәӲ ӛӊӏӘӓӕӊ ӓӊӕә ӜӞ Ӛә Ӝӌӓӗ әӜӝӊӖӓӗ ӗӐӛӓӖӓӗӊ ӌӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ ҡ әӋӛӊӝӘә ӊӕә ӜӐ ӕӊә ӗӐӛӓӖә ӌӐӖӓӢӓӘӐ ӞӒӗӐ ӌӓӜӓӘӊ ӕӊӚӓӝӊӖӊ ӕәӲӓӗ ӚӛӐӏӞӒӐӵӐ ӛӊӜӚәӖӊӑӐ әӘӏӊ Ӌӓ ӚӛӐӏӞӒӐӵӊ ӓӒ ӛӊӏӘә ӓӘӝӐӘӒӓӌӘӓӠ ӏӐӖӊӝӘәӜӝӓ ӕӊә ӣӝә ӜӞ ӚӛӐӏӞӒӐӵӊ ӓӒ ӝӐӕӜӝӓӖӘӐ ӓӘӏӞӜӝӛӓӲӐ ӋӓӖӊ ӕӖӊӜӓӟӓӕәӌӊӘӊ ӕӊә ӗӊӖӊ ӓӊӕә ӜӐ Ӛә әӜӝӊӖӓӗ ӗӐӛӓӖӓӗӊ ӗәӍӞ Ӝӗӊӝӛӊӝӓ ӌӐӖӓӕӓӗ ҠӋәӍ ӝӐӣӕәӵӊ ӏӊ ӜӐ ӚәӲӐӏӓӘӊӢӘӓӗ ӗӐӛӓӖәӗ ӊӏӐӕӌӊӝӘә ӓӒӛӊӒӓ ӌӐӖӓӢӓӘӊ ӚӛӐӏӞӒӐӵӊ Ӟ ӗӘәӍӓӗ ӒӐӗӳӊӗӊ ӕәӛӓӜӝӓ ӜӐ ӕәӗӋӓӘӊӡӓӲӊ ӌӓӣӐ ӗӐӛӓӖӊ ӌӐӖӓӢӓӘӐ ӚӛӐӏӞӒӐӵӊ ҫӊӕә ӜӐ Ӟ ӘӊӣәӲ ӒӐӗӳӓ ӚӛӐӏӞӒӐӵӊ ӛӊӒӌӛӜӝӊӌӊӲӞ Ӟ ӗӓӕӛә ӗӊӖӊ ӜӛӐӏӴӊ ӓ ӌӐӖӓӕӊ ӞӕәӖӓӕә ӓӜӚӞӴӊӌӊӲӞ ӒӊӕәӘәӗ әӏӛӐӬӐӘӞ ӌӓӜӓӘӞ ӗӐӛӓӖӊ Ӓӊ ӏӌӊ әӏ ӜӖӐӏӐӵӊ ӝӛӓ ӕӛӓӝӐӛӓӲӞӗӊ ӋӛәӲ ӒӊӚәӜӖӐӘӓӠ ӍәӏӓӣӴӓ ӚәӜӖәӌӘӓ ӚӛӓӠәӏ ӓ ӚӛәӜӐӢӘӊ ӌӛӐӏӘәӜӝ ӚәӜӖәӌӘӐ ӓӗәӌӓӘӐ Ҡӊ ӋӛәӲ ӒӊӚәӜӖӐӘӓӠ ӒӊӕәӘәӗ ӞӝӌӛӬӐӘӊ ӌӓӜӓӘӊ ӲӐ ӏә ӒӊӚәӜӖӐӘӓӠ Ӓӊ ӗӓӕӛәӚӛӐӏӞӒӐӵӊ әӏ ӏә ӒӊӚәӜӖӐӘӓӠ Ӓӊ ӗӊӖӊ ӚӛӐӏӞӒӐӵӊ әӏ ӏә ӒӊӚәӜӖӐӘӓӠ Ӓӊ ӜӛӐӏӴӊ ӓ ӌӓӣӐ әӏ ӒӊӚәӜӖӐӘӓӠ Ӓӊ ӌӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ

ҥӊӖә ӚӛӐӏӞӒӐӵӐ ҦӊӲӌӐӵӓ ӋӛәӲ ӚӛӐӏӞӒӐӵӊ Ӟ ӜӌӊӕәӲ ӚӛӓӌӛӐӏӓ ӜӞ ՓՆՒՆ Ֆ՗ՌՋ՚ՎՌձՆ Ҭ әӌӞ ӍӛӞӚӞ ӚӛӐӏӞӒӐӵӊ ӜӌӛӜӝӊӌӊ ӜӐ ӌӐәӗӊ ӌӐӖӓӕӓ ӋӛәӲ ӛӊӒӖӓӢӓӝӓӠ ӚӛӐӏӞӒӐӵӊ әӏ ӜӊӜӌӓӗ ӗӊӖӓӠ Ӟ ӕәӲӓӗӊ ӛӊӏӓ Ӝӊӗә ӴӓӠәӌ ӌӖӊӜӘӓӕ Ӝӊӗ ӓӖӓ Ӝӊ ӢӖӊӘәӌӓӗӊ ӚәӛәӏӓӡӐ ӏә ӒӘӊӝӘә ӌӐӵӓӠ ӚӛӐӏӞӒӐӵӊ ӕәӲӊ ӜӐ ӜӌәӲӓӗ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊӗӊ ӚӛӓӋӖӓӑӊӌӊӲӞ ӚӛӐӏӞӒӐӵӓӗӊ ӜӛӐӏӴӐ ӌӐӖӓӢӓӘӐ Ҭ ӚӛӓӘӡӓӚӞ ӗӊӖӊ ӚӛӐӏӞӒӐӵӊ ӜӐ ӗәӍӞ әӜӘӓ ӌӊӝӓ Ӟ ӋӓӖә ӕәӲәӲ ӟәӛӗӓ ӚӛӓӌӛӐӏӘәӍ ӏӛӞӣӝӌӊ ӊӖӓ әӌӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ӘӊӲӌӓӣӐ ӚәӍәӏӞӲӐ әӋӖӓӕ әӛӝӊӢӕәӍ ӏӛӞӣӝӌӊ ӕәӗӊӘӏӓӝӘәӍ ӏӛӞӣӝӌӊ ӓ ӏӛӞӣӝӌӊ Ӝӊ ӘӐәӍӛӊӘӓӢӐӘәӗ әӏӍәӌәӛӘәӣӵӞ ҨәӛӐӏ ӝәӍӊ ӗӊӖӐ ӟӓӛӗӐ

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Предузеће

ӜӐ әӜӘӓӌӊӲӞ ӓ ӕӊә ӚӛӐӏӞӒӐӝӘӓӢӕӐ ӲӐӏӓӘӓӡӐ ӛӊӏӴӐ ӊӍӐӘӡӓӲӐ Ӌӓӛәӓ ӓ ӜӖ ӕәӲӐ ӘӐӗӊӲӞ ӜӝӊӝӞӜ ӚӛӊӌӘәӍ Ӗӓӡӊ Ҩә ӘӊӣӐӗ ӒӊӕәӘӞ ӚӛӐӏӞӒӐӝӘӓӕ ӲӐ ӟӓӒӓӢӕә ӖӓӡӐ ӛӐӍӓӜӝӛәӌӊӘә Ӓӊ ӘӐӕӞ ӏӐӖӊӝӘәӜӝ ӕәӲӞ әӋӊӌӳӊ ӛӊӏӓ ӜӝӓӡӊӴӊ Ӛӛәӟӓӝӊ Ҡӊ әӋӊӌӐӒӐ ӕәӲӐ ӜӝӓӢӐ әӋӊӌӳӊӲӞӵӓ ӏӐӖӊӝӘәӜӝ ӚӛӐӏӞӒӐӝӘӓӕ әӏӍәӌӊӛӊ ӡӐӖәӕӞӚӘәӗ ӜӌәӲәӗ ӓӗәӌӓӘәӗ Ҭ ӟәӛӗӓ ӚӛӐӏӞӒӐӝӘӓӢӕӓӠ ӲӐӏӓӘӓӡӊ ӚәӜӖӞӲӞ Ӝӕәӛә ӜӌӐ ӒӊӘӊӝӜӕӐ ӛӊӏӴӐ ӗӘәӍӐ ӝӛӍәӌӓӘӜӕӐ ӛӊӏӴӐ ӖӐӕӊӛӜӕӐ әӛӏӓӘӊӡӓӲӐ ӊӏӌәӕӊӝӜӕӐ ӕӊӘӡӐӖӊӛӓӲӐ ӊӍӐӘӡӓӲӐ Ӓӊ ӚӛӞӑӊӴӐ ӛӊӒӖӓӢӓӝӓӠ ӞӜӖӞӍӊ Ӌӓӛәӓ ӞӍәӜӝӓӝӐӳӜӕӐ ӛӊӏӴӐ ӓ ӜӖӓӢӘә ҡӊӕә ӜӐ Ӟ ӍӛӞӚӞ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ ӞӋӛӊӲӊӲӞ ӌӐәӗӊ ӛӊӒӖӓӢӓӝӊ ӚӛӐӏӞӒӐӵӊ әӏ ӜӊӜӌӓӗ ӗӊӖӓӠ әӜӘәӌӊӘӓӠ ӛӊӏӓ ӜӊӗәӒӊӚәӣӳӊӌӊӴӊ ӜӌәӲӓӠ ӌӖӊӜӘӓӕӊ ӏә ӏӓӘӊӗӓӢӘӓӠ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ ӕәӲӊ ӒӊӚәӣӳӊӌӊӲӞ ӘӐӕәӖӓӕә ӏӐӜӐӝӓӘӊ ӛӊӏӘӓӕӊ ӓ ӞӖӊӑӞ ӒӘӊӢӊӲӘӊ ӜӛӐӏӜӝӌӊ Ӟ ӛӊӒӌәӲ ӘәӌӓӠ ӚӛәӓӒӌәӏӊ ӓ ӓӒӌәӒӐ ӌӐӵӓ ӏӐә ӜӌәӲӐ ӚӛәӓӒӌәӏӴӐ ӗәӍӞӵӐ ӲӐ ӞәӢӓӝӓ ӘӐӕӐ ӝӓӚӓӢӘӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӒӊӲӐӏӘӓӢӕӐ ӌӐӵӓӘӓ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ Ԥ՗ՌՋՔՕ՘ՙ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ ӏәӖӊӒӓ ӏә ӓӒӛӊӑӊӲӊ Ӟ ӏӐӖӊӝӘәӜӝӓӗӊ ӕәӲӐ ӚӛӞӑӊӲӞ ӖӓӢӘӐ ӞӜӖӞӍӐ ӕӊә ӣӝә ӜӞ ӖӐӕӊӛӜӕӐ ӓ ӟӛӓӒӐӛӜӕӐ ӞӜӖӞ ӍӐ Ӟ ӕәӲӓӗӊ ӲӐ ӘӐӚәӜӛӐӏӘӓ ӖӓӢӘӓ ӕәӘӝӊӕӝ ӚӛӞӑӊәӡӊ ӓ ӕәӛӓӜӘӓӕӊ ӞӜӖӞӍӐ әӏ ӌӐӖӓӕәӍ ӒӘӊӢӊӲӊ Ӓӊ ӕӌӊӖӓӝӐӝ ӞӜӖӞӍӐ ӓ ӒӊӏәӌәӳӜӝӌә ӕӖӓӲӐӘӝӊ Ҭ ӌӐӖӓӕӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ӕәӛӓӜӘӓӡӓ ӞӜӖӞӍӊ ӗәӍӞ ӜӐ әӜӐӵӊӝӓ әӝӞӬӐӘӓ ӓ ӒӊӚәӜӝӊӌӳӐӘӓ ӏәӕ ӗӊӖӊ ӚӛӐӏӞӒӐӵӊ ӒӋәӍ ӘӐӚәӜӛӐӏӘӓӲӐӍ әӏӘәӜӊ Ӝӊ ӕӖӓӲӐӘӝӓӗӊ ӗәӍӞ ӚӛӞӑӊӝӓ ӞӜӖӞӍӐ ӕәӲӐ ӜӞ ӚӛӓӖӊӍәӬӐӘӐ ӜӚӐӡӓӟӓӢӘӓӗ ӒӊӠӝӐӌӓӗӊ ӕӖӓӲӐӘӊӝӊ ӓ ӝӊӕә ӕәӏ ӴӓӠ Ӝӝӌәӛӓӝӓ әӜӐӵӊӲ ӲӐӏӓӘӜӝӌӐӘәӜӝӓ ӓ ӌӊӑӘәӜӝӓ ҥӘәӍӊ ӗӊӖӊ ӚӛӐӏӞӒӐӵӊ ӚәӜӖӞӲӞ Ӟ ӏӐӖӊӝӘәӜӝӓӗӊ ӕәӲӐ ӓӗӊӲӞ әӍӛӊӘӓӢӐӘӐ ӗәӍӞӵӘәӜӝӓ ӚӖӊӜӗӊӘӊ Әӊ ӝӛӑӓӣӝӞ ҧӍӛӊӘӓӢӐӘәӜӝ ӚӖӊ Ӝӗӊ Әӊ ӗәӑӐ Ӌӓӝӓ ӚәӜӖӐӏӓӡӊ ӘӓӜӕӐ ӝӛӊӑӴӐ Әӊ ӣӓӛӐӗ ӝӛӑӓӣӝӞ Әӊ ӚӛӓӗӐӛ ӝӛӊӑӴӊ Ӓӊ ӖӞӕӜӞӒӘӓӗ ӚӛәӓӒӌәӏӓӗӊ Әӊ ӘӊӡӓәӘӊӖӘәӗ ӝӛӑӓӣӝӞ ӓӖӓ ӜӚӐӡӓӟӓӢӘӓӠ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊ ӚӛәӓӒӌәӏӊ ӒӋәӍ ӢӐӍӊ ӲӐ ӚӛәӓӒӌәӏ әӏ Ӗә-

ӕӊӖӘәӍ ӒӘӊӢӊӲӊ ӕӊә ӣӝә ӜӞ ӖәӕӊӖӘӐ ӘәӌӓӘӐ ӓӖӓ Ӓӊӝә ӣӝә ӌӛӐӏӘәӜӝ ӚӛәӓӒӌәӏӊ ӘӐ ӚәӏӘәӜӓ ӌӓӜәӕӐ ӝӛӊӘӜӚәӛӝӘӐ ӝӛәӣӕәӌӐ Ҭ Ӝӌӓӗ әӌӓӗ ӜӖӞӢӊӲӐӌӓӗӊ ӗӊӖӊ ӚӛӐӏӞӒӐӵӊ Ӓӊӏәӌә ӳӊӌӊӲӞ ӝӛӊӑӴӞ Әӊ ӞӜӕәӗ ӜӐӍӗӐӘӝӞ ӝӛӑӓӣӝӊ ӝӒӌ ӝӛӑӓӣӘӊ Әӓӣӊ ӓӖӓ ӝӛӑӓӣӘӓ ӗӐӬӞӚӛә Ӝӝәӛ Әӊ ӕәӗӐ ӌӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ ӘӐӗӊӲӞ ӓӘӝӐӛӐӜӊ ӏӊ ӚәӜӖӞӲӞ Ҭ ӗӊӖӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ӢӐӜӝә ӜӐ ӜӝӌӊӛӊӲӞ ӚӛәӓӒӌәӏӓ ӕәӲӓ Ӟ ӓӒӛӊӏӓ ӒӊӠӝӐӌӊӲӞ ӚәӜӐӋӘӞ ӚӛӐӡӓӒӘәӜӝ ӘӚӛ ӖӊӋәӛӊӝәӛӓӲӜӕӓ ӞӛӐӬӊӲӓ ӗӞӒӓӢӕӓ ӓӘӜӝӛӞӗӐӘӝӓ ӚӛӐӡӓӒӘӓ ӊӖӊӝӓ ӓ ӜӝӊӖӘӞ ӓ ӘӐӚәӜӛӐӏӘӞ ӕәӘӝӛәӖӞ ӚӛәӡӐӜӊ ӚӛәӓӒӌәӏӴӐ ҦӐӚәӜӛӐӏӘӊ ӕәӘӝӛәӖӊ ӚӛӐӝӚәӜӝӊӌӳӊ ӏӊ ӘӐӚәӜӛӐӏӘӓ ӗӐӘӊӸӐӛ ӕәӘӝӛәӖӓӣӐ ӗӊӖӓ ӋӛәӲ әӋӓӢӘә ӝӛӓ ӢӐӝӓӛӓ ӛӊӏӘӓӕӊ ҫӊӕәӬӐ Ӟ ӗӊӖӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ӘӊӜӝӊӲӞ ӚӛәӓӒӌәӏӓ ӢӓӲӊ ӓӒӛӊӏӊ ӒӊӠӝӐӌӊ ӚәӜӐӋӘә ӒӘӊӴӐ ӒӊӘӊӝӜӕӞ ӌӐӣӝӓӘӞ ӓӖӓ ӞӗӐӝӘӓӢӕӓ ӝӊӖӐӘӊӝ ӕәӲӐ ӚәӜӐӏӞӲӐ ӗӊӴӓ ӋӛәӲ ӳӞӏӓ ҥӊӖӊ ӚӛӐӏӞӒӐӵӊ ӓӗӊӲӞ ӚӛӐӏӘәӜӝӓ ӓ Ӟ ӚӛәӓӒӌәӏӴӓ ӚәӲӐӏӓӘӊӢӘӓӠ ӚӛәӓӒӌәӏӊ ӓӖӓ ӚӛәӓӒӌәӏӊ Ӟ ӗӊ Ӵӓӗ ӜӐӛӓӲӊӗӊ ӒӋәӍ ӢӐӍӊ ӗӊӖӊ ӚӛӐӏӞӒӐӵӊ ӢӐӜӝә ӚӛәӓӒӌәӏӐ ӘӐӕӐ ӖӞӕӜӞӒӘӐ ӓӖӓ ӐӕӜӕӖӞӒӓӌӘӐ ӚӛәӓӒӌәӏӐ ӀӐӏӘӊ әӏ ӘӊӲӢӐӣӵӐ ӓӜӝӓӡӊӘӓӠ ӚӛӐӏӘәӜӝӓ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ ӲӐ ӓ ӴӓӠәӌӊ ӟӖӐӕӜӓӋӓӖӘәӜӝ әӏӘәӜӘә ӜӚәӜәӋӘәӜӝ ӏӊ ӜӐ ӋӛӒә ӚӛӓӖӊӍәӏӐ ӚӛәӗӐӘӊӗӊ Ӟ әӕӛӞӑӐӴӞ ҭӖӐӕӜӓӋӓӖӘәӜӝ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ ӲӐ ӚәӜӖӐӏӓӡӊ ӋӛәӲӘӓӠ ӟӊӕӝәӛӊ ӕӊә ӣӝә ӜӞ ӘӐӚәӜӛӐӏӘӓӲӓ ӕәӘӝӊӕӝ Ӝӊ ӝӛӑӓӣӝӐӗ ӘӐӟәӛӗӊӖӘӊ әӛӍӊӘӓӒӊӡӓӲӊ ӕәӲӊ әӗәӍӞӵӊӌӊ ӋӛӑӐ ӏәӘәӣӐӴӐ әӏӖӞӕӊ ӓ ӴӓӠәӌә ӜӚӛәӌәӬӐӴӐ ӕәӛӓӣӵӐӴӐ ӞӘӓӌӐӛӒӊӖӘӓӠ ӊ ӘӐ ӜӚӐӡӓӲӊӖӓӒәӌӊӘӓӠ ӜӛӐӏӜӝӊӌӊ Ӓӊ ӛӊӏ Әӓӑӓ ӜӝӐӚӐӘ ӜӚӐӡӓӲӊӖӓӒӊӡӓӲӐ ӒӊӚәӜӖӐӘӓӠ ӓӝӏ ҥӊӖӊ ӚӛӐӏӞӒӐӵӊ ӓӗӊӲӞ ӘӐӕӐ ӚӛӐӏӘәӜӝӓ Ӟ әӋӖӊӜӝӓ ӞӚӛӊӌӳӊӴӊ ӳӞӏӜӕӓӗ ӛӐӜӞӛӜӓӗӊ ӞӜӖӐӏ ӗӊӴӐӍ ӋӛәӲӊ ӒӊӚәӜӖӐӘӓӠ ӓ ӘӐӚәӜӛӐӏӘӓ ӲӓӠ әӏӘәӜӊ ӓӒӗӐӬӞ ӌӖӊӜӘӓӕӊ ӓ ӒӊӚәӜӖӐӘӓӠ ӕӊә ӓ ӓӒӗӐӬӞ ӒӊӚәӜӖӐӘӓӠ Ҭ ӗӊӖәӗ ӕәӖӐӕӝӓӌӞ ӳӞӏӓ ӜӐ ӖӊӕӣӐ ӚәӓӜӝәӌӐӵӞӲӞ Ӝӊ ӚӛӐӏӞ-

Подела предузећа

ӒӐӵӐӗ ӓ ӜӚӛӐӗӘӓӲӓ ӜӞ ӏӊ ӞӖәӑӐ ӏәӏӊӝӘӓ ӘӊӚәӛ ӕӊӕә Ӌӓ ӏәӚӛӓӘӐӖӓ ӛӐӊӖӓӒӊӡӓӲӓ ӡӓӳӐӌӊ ӚӛӐӏӞӒӐӵӊ ңӊӕә ӜӞ ӌӖӊӜӘӓӡӓ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ Ӛә ӚӛӊӌӓӖӞ ӓӜӝәӌӛӐӗӐӘә ӗӐӘӊӸӐӛӓ әӘӓ ӜӞ ӗӘәӍә ӌӓӣӐ ӗәӝӓӌӓӜӊӘӓ әӏ ӗӐӘӊӸӐӛӊ ӌӐӖӓӕӓӠ ӚӛӐӏӞӒӐӵӊ ӏӊ ӐӟӓӕӊӜӘә ӞӚӛӊӌӳӊӲӞ ӚӛӐӏӞӒӐӵӐӗ ҥӐӬӞӝӓӗ ӟӊӕӝәӛӓ ӕәӲӓ ӞӜӖәӌӳӊӌӊӲӞ ӘӊӌӐӏӐӘӐ ӚӛӐӏӘәӜӝӓ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ ӓӜӝәӌӛӐӗӐӘә ӗәӍӞ Ӌӓӝӓ ӞӒӛәӕ ӘӐӕӓӠ ՔՌՋՕ՘ՙՆՙՆՑՆ әӌӓӠ ӚӛӐӏӞӒӐӵӊ ҫӊӕә ӓӜӝӓ ӟӊӕӝәӛӓ ӕәӲӓ ӏәӚӛӓӘәӜӐ ӟӖӐӕӜӓӋӓӖӘәӜӝӓ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ ӞӒӛәӕ ӜӞ ӗӊӴӐ ӐӟӓӕӊӜӘәӜӝӓ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ Ӟ ӚәӛӐӬӐӴӞ Ӝӊ ӌӐӖӓӕӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ҥӊӴӊ ӐӟӓӕӊӜӘәӜӝ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ Ӟ әӏӘәӜӞ Әӊ ӌӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ ӓӜӚәӳӊӌӊ ӜӐ Ӟ ӌӓӣӓӗ ӝӛәӣӕәӌӓӗӊ ӚӛәӓӒӌәӏӴӐ Ӛә ӲӐӏӓӘӓӡӓ ӚӛәӓӒӌәӏӊ Қӓӣӓ ӝӛәӣӕәӌӓ Ӛә ӲӐӏӓӘӓӡӓ ӚӛәӓӒӌәӏӊ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ ӘӊӜӝӊӲӞ ӞӜӖӐӏ ӢӐӜӝӓӠ ӚӛәӗӐӘӊ ӚӛәӓӒӌәӏӘәӍ ӊӜәӛӝӓӗӊӘӊ ӚәӲӐӏӓӘӊӢӘӐ ӓӖӓ ӗӊӖәӜӐӛӓӲӜӕӐ ӚӛәӓӒӌәӏӴӐ ӘӐӏәӌәӳӘӐ ӜӚӐӡӓӲӊӖӓӒӊӡӓӲӐ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ ӕәӛӓӣӵӐӴӊ ӗӊӴӐ ӐӟӓӕӊӜӘӓӠ ӞӘӓӌӐӛӒӊӖӘӓӠ ӜӛӐӏӜӝӊӌӊ Ӓӊ ӛӊӏ ӘӐӛӊӒӛӊӬӐӘәӍ ӝӐ ӠӘәӖәӣӕәӍ ӚӛәӡӐӜӊ ӘӐӚәӜӝәӲӊӴӊ ӲӊӜӘӓӠ Ӛӛә ӡӐӏӞӛӊ ӚәӜӝӞӚӊӕӊ ӓ ӚӛӊӌӓӖӊ ӓ ӚәӜӖӐӏӓӢӘә ӘӐӛӊӒӌӓӲӐӘәӍ ӜӓӜӝӐӗӊ ӕәӘӝӛәӖӐ Ӟ ӗӊӖӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ӓӝӏ ҡ ӚәӛӐӏ әӌӓӠ ӚӛӐӏӘәӜӝӓ Ӟ әӋӖӊӜӝӓӗӊ ӌӐӒӊӘӓӗ Ӓӊ ӳӞӏӜӕӐ ӛӐӜӞӛӜӐ ӗӊӖӊ ӚӛӐӏӞӒӐӵӊ ӓӗӊӲӞ ӓ әӏӛӐӬӐӘӊ әӍӛӊӘӓӢӐӴӊ Әӊ әӌәӗ ӚәӏӛӞӢӲӞ ҨӛӐ ӜӌӐӍӊ әӒӋӓӳӊӘ ӘӐӏәӜӝӊӝӊӕ ӗӊӖӓӠ ӚӛӐ ӏ ӞӒӐӵӊ ӲӐ ӴӓӠәӌӊ ӌӐӖӓӕӊ ӒӊӌӓӜӘәӜӝ әӏ ӒӘӊӴӊ ӜӚәӜәӋӘәӜӝӓ ӓ ӏӛӞӍӓӠ ӚӛәӟӐӜӓәӘӊӖӘӓӠ ӓ ӖӓӢӘӓӠ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊ ӲӐӏӘәӍ ӓӖӓ ӗӊӴӐӍ ӋӛәӲӊ ӕӳӞӢӘӓӠ ӳӞӏӓ әӏӘәӜӘә ӌӖӊӜӘӓӕӊ ӓ ӢӖӊӘәӌӊ ӴӐӍәӌәӍ ӞӑӐӍ ӝӓӗӊ ӝӒӌ ӛӓӒӓӕ ӕӳӞӢӘӓӠ ӳӞӏӓ ҙӓӖә ӕәӲӐ ӚӛәӗӐӘӐ ӌӐӒӊӘӐ Ӓӊ ӌӖӊӜӘӓӕӊ ӓ ӏӛӞӍӐ ӕӳӞӢӘӐ ӳӞӏӐ ӕӊә ӣӝә ӜӞ ӚәӌӖӊӢӐӴӐ ӌӖӊӜӘӓӕӊ ӓӒ ӚәӜӖӊ әӏӖӊӒӊӕ ӕӳӞӢӘӓӠ ӳӞӏӓ ӓӒ ӚӛӐӏӞӒӐӵӊ ӚәӍәӛӣӊӴӐ Ӓӏӛӊӌӳӊ ӓӖӓ Ӝӗӛӝ ӗәӍӞ ӚәӛӐӗӐӝӓӝӓ ӚәӜӖәӌӊӴӐ ӗӊӖәӍ ӚӛӐӏӞӒӐӵӊ ӊ ӢӐӜӝә ӓӒӊӒӓӌӊӲӞ ӓ әӒӋӓӳӘӐ ӕӛӓӒӐ ӓ ӚӛӐӕӓӏ ӚәӜӖәӌӊӴӊ ҧӜӓӗ

23

ӝәӍӊ ӒӋәӍ ӘӐӏәӌәӳӘӐ ӚәӏӐӖӐ ӛӊӏӊ ӓ ӜӚӐӡӓӲӊӖӓӒӊӡӓӲӐ ӗӊӖӊ ӚӛӐӏӞӒӐӵӊ ӘӐ ӒӊӚәӣӳӊӌӊӲӞ ӜӚӐӡӓӲӊӖӓӜӝӐ Ӓӊ ӚәӲӐӏӓӘӐ ӚәӜӖәӌӐ ӌӐӵ ӝӐӑӐ Ӓӊ Ӛ әӣӳӊӌӊӴӞ ӳӞӏӓ ӕәӲӓ ӓӗӊӲӞ әӚӣӝӓӲӊ ӒӘӊӴӊ ӓ ӕәӲӓ ӗәӍӞ ӞӜӚӐӣӘә әӋӊӌӳӊӝӓ ӌӓӣӐ ӛӊӒӖӓӢӓӝӓӠ ӚәӜӖәӌӊ ҫӊӕӌӐ ӜӝӛӞӢӴӊӕӐ ӘӓӲӐ Ӗӊӕә ӚӛӓӌӞӵӓ ӓ Ӓӊӏӛӑӊӝӓ Ӟ ӗӊӖӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ӲӐӛ ӓӗ ӌӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ әӋӓӢӘә ӘӞӏӐ ӗӘәӍә ӊӝӛӊӕӝӓӌӘӓӲӐ ӗәӍӞӵӘәӜӝӓ Ӓӊ ӛӊӒӌәӲ ӕӊӛӓӲӐӛӐ әӏӘәӜӘә ӗәӍӞӵӘәӜӝ ӘӊӚӛӐӏәӌӊӴӊ Әӊ ӚәӜӖӞ ӌӐӵӐ ӚӖӊӝӐ ӓ ӏәӏӊӝӘӐ ӕәӛӓӜӝӓ ӕӊә ӣӝә ӜӞ ӞӜӊӌӛӣӊӌӊӴӐ ӏәӏӊӝӘә ӒӏӛӊӌӜӝӌӐӘә ӓ ӚӐӘӒӓӲӜӕә әӜӓӍӞӛӊӴӐ ӓӝӏ ҨәӛӐӏ ӛӓӒӓӕӊ ӕӳӞӢӘӓӠ ӳӞӏӓ ӗӊӖӊ ӚӛӐӏӞӒӐӵӊ ӜӞ ӓӒӖәӑӐӘӊ ӌӓӜәӕӓӗ ӝӛӑӓӣӘӓӗ ӛӓӒӓӡӓӗӊ ҦӊӓӗӐ ӌӐӖӓӕӓ ӋӛәӲ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ ӜӌәӲӐ ӚәӜӖәӌӊӴӐ ӒӊӜӘӓӌӊ Әӊ ӲӐӏӘәӗ ӓӖӓ ӗӊӖәӗ ӋӛәӲӞ ӚӛәӓӒӌәӏӊ Ҡӊ ӛӊӒӖӓӕӞ әӏ ӌӐӖӓӕӓӠ ӚӛӐӏӞӒӐӵӊ ӕәӲӊ ӓӗӊӲӞ ӣӓӛәӕ ӚӛәӓӒӌәӏӘӓ ӊӜәӛӝӓӗӊӘ ӓ ӕәӏ ӕәӲӓӠ Ӛӊӏ ӝӛӊӑӴӐ Ӓӊ ӲӐӏӘӓӗ ӚӛәӓӒӌәӏәӗ ӗәӑӐ Ӌӓӝӓ ӕәӗӚӐӘӒәӌӊӘ ӛӊӜӝәӗ ӝӛӊӑӴӐ Ӓӊ ӏӛӞӍӓӗ ӚӛәӓӒӌәӏӓӗӊ ӗӊӖӊ ӚӛӐӏӞӒӐӵӊ ӜӞ ӗӘәӍә ӌӓӣӐ ӓӒӖәӑӐӘӊ ӛӓӒӓӕӞ ӏӊ ӵӐ ӓӗ ӜӐ ӞӜӖӐӏ ӚӛәӗӐӘӐ ӝӛӊӑӴӐ Ӓӊ ӴӓӠәӌӓӗ ӚӛәӓӒӌәӏӓӗӊ ӜӗӊӴӓӝӓ ӚӛӓӠәӏ ӀӐӏӊӘ әӏ ӘӊӲӌӐӵӓӠ ӚӛәӋӖӐӗӊ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ ӲӐ әӋӐӒӋӐӬӐӴӐ ӟӓӘӊӘӜӓӲӜӕӓӠ ӜӛӐӏӜӝӊӌӊ ҥӊӖӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ӘӓӜӞ ӏәӜӝӞӚӘӓ Ӝӌӓ ӓӒӌәӛӓ ӟӓӘӊӘӜӓӛӊӴӊ ӕәӲӓ ӜӞ ӏәӜӝӞӚӘӓ ӌӐӖӓӕӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ҡӒ ӏәӜӝӞӚӘӓӠ ӓӒӌәӛӊ ӟӓӘӊӘӜӓӛӊӴӊ ӗӊӖӊ ӚӛӐӏӞӒӐӵӊ әӋӐӒӋӐӬӞӲӞ ӜӛӐӏӜӝӌӊ Ӛә ӚӛӊӌӓӖӞ Ӛә ӘӐӚәӌәӳӘӓӲӓӗ ӞӜӖәӌӓӗӊ әӏ ӞӜӖәӌӊ ӕәӲӓ ӌӊӑӐ Ӓӊ ӌӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ ңӊӕә ӌӐӵӓӘӊ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ ӘӐ ӚәӜӖӞӲӐ Ӟ ӟәӛӗӓ ӊӕӡӓәӘӊӛӜӕәӍ ӏӛӞӣӝӌӊ ӘӐәӚӠәӏӘӓ ӕӊӚӓӝӊӖ ӘӐ ӗәӍӞ ӏӊ әӋӐӒӋӐӏӐ ӚӛәӏӊӲӞӵӓ ӊӕӡӓӲӐ Әӊ ӝӛӑӓӣӝӞ ӕӊӚӓӝӊӖӊ ҝӛӞӍӐ ӠӊӛӝӓӲӐ әӏ ӌӛӐӏӘәӜӝӓ ӕәӲӐ Ӌӓ ӗәӍӖӊ ӏӊ ӐӗӓӝӞӲӞ ӗӊӖӊ ӚӛӐӏӞӒӐӵӊ әӋӌӐӒӘӓӡӐ ӕәӗӐӛӡӓ ӲӊӖӘӓ ӒӊӚӓӜӓ ӓ ӜӖ ӝӛӑӓӣӝӐ ӕӊӚӓӝӊӖӊ ӘӐ ӚӛӓӠӌӊӝӊ ӒӋәӍ ӌӓӜәӕәӍ ӛӓӒӓӕӊ ӓ ӘӓӜӕәӍ ӛӐӲӝӓӘӍӊ әӌӓӠ ӚӛӐӏӞӒӐӵӊ ҫӊӕәӬӐ ӋӊӘӕӐ ӘӐӛӊӏә ӕӛӐӏӓӝӓӛӊӲӞ ӗӊӖӊ ӚӛӐӏӞӒӐӵӊ ӲӐӛ ӓӠ ӏәӑӓ-

24

Предузеће

ӌӳӊӌӊӲӞ ӕӊә ӘӐӜӓӍӞӛӘӐ ӒӊӲӗәӚӛӓӗӡӐ ҡ ӕӊӏӊ ӓӠ ӕӛӐӏӓӝӓӛӊӲӞ ӋӊӘӕӐ ӒӋәӍ ӌӓӜәӕәӍ ӕӛӐӏӓӝӘәӍ ӛӓӒӓӕӊ Ӟ ӡӐӘӞ ӕӊӚӓӝӊӖӊ ӞӍӛӊӬӞӲӞ ӚӛӐӗӓӲӞ Ӓӊ ӛӓӒӓӕ ӒӋәӍ ӢӐӍӊ ӗӊӖӊ ӚӛӐӏӞӒӐӵӊ ӏәӋӓӲӊӲӞ ӕӛӐӏӓӝӐ Ӝӊ ӌӓӣәӗ ӕӊӗӊӝӘәӗ ӜӝәӚәӗ әӏ ӕӊӗӊӝӘӐ ӜӝәӚӐ ӕәӲӊ ӜӐ ӘӊӚӖӊӵӞӲӐ Әӊ ӕӛӐӏӓӝӐ әӏәӋӛӐӘӐ ӌӐӖӓӕӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ҨәӛӐӏ ӝәӍӊ ӏӛӞӍӓ ӞӜӖәӌӓ ӕӛӐӏӓӝӓӛӊӴӊ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ ӜӞ ӘӐӚәӌәӳӘӓӲӓ әӏ ӞӜӖәӌӊ ӕӛӐӏӓӝӓӛӊӴӊ әӜӝӊӖӓӠ ӚӛӐӏӞӒӐӵӊ Ӛӊ ӜӐ Әӊ ӚӛӓӗӐӛ ӗӊӖӓӗ ӚӛӐӏӞӒӐӵӓӗӊ әӏәӋӛӊӌӊӲӞ ӕӛӐӏӓӝӓ Әӊ ӕӛӊӵӓ ӌӛӐӗӐӘӜӕӓ ӚӐӛӓәӏ ӓӖӓ ӜӐ әӏ ӴӓӠ ӝӛӊӑӐ ӚәӜӐӋӘӐ ӍӊӛӊӘӡӓӲӐ ӏӊ ӵӐ ӕӛӐӏӓӝӓ Ӌӓӝӓ ӌӛӊӵӐӘӓ Ӛәӏ ӞӍәӌәӛӐӘӓӗ ӞӜӖәӌӓӗӊ ҠӋәӍ ӚӛәӋӖӐӗӊ Ӟ ӟӓӘӊӘӜӓӛӊӴӞ ӘӊӲӌӐӵӓ ӋӛәӲ ӗӊӖӓӠ ӊ ӘӊӛәӢӓӝә ӘәӌәәӜӘәӌӊӘӓӠ ӓ ӜӊӜӌӓӗ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ ӜӛӐӏӜӝӌӊ Ӓӊ ӟӓӘӊӘӜӓӛӊӴӐ ӚәӜӖәӌӊӴӊ ӓ ӛӊӒӌәӲӊ әӋӐӒӋӐӬӞӲӞ ӓӒ ӘӐ ӟәӛӗӊӖӘӓӠ ӓӒӌәӛӊ ӕӊә ӣӝә ӜӞ ӖӓӢӘӊ ӣӝӐӏӴӊ ӌӖӊӜӘӓӕӊ ӒӊӲӗәӌӓ әӏ ӚӛӓӲӊӝӐӳӊ ӓ ӛәӬӊӕӊ ӓ ӓӒ ӕәӗӐӛӡӓӲӊӖӘӓӠ ӕӛӐӏӓӝӊ

ҨҡҫҘӂҘ ҡ ҠҘҝҘҚүҡ

ңәӲӓ ӲӐ әӜӘәӌӘӓ ӚӛәӋӖӐӗ ӚәӏӐӖӐ ӚӛӐӏӞӒӐ ӵӊ ӚӛӐӗӊ ӌӐӖӓӢӓӘӓ ңӊӕә ӜӐ ӛӐӣӊӌӊ ӏӊӝӓ ӚӛәӋӖӐӗ ңәӲӐ ӜӞ ӘӊӲӒӘӊӢӊӲӘӓӲӐ ӚӛӐӏӘәӜӝӓ ӊ ӕәӲӓ ӜӞ ӘӐӏәӜӝӊӡӓ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ ҠӋәӍ ӢӐӍӊ ӜӞ ӗӊӖӊ ӚӛӐӏӞӒӐӵӊ ӗӊӴӐ ӐӟӓӕӊӜӘӊ Ӟ әӏӘәӜӞ Әӊ ӌӐӖӓӕӊ ҧӋӲӊӜӘӓӝӐ ӛӓӒӓӕ ӕӳӞӢӘӓӠ ӳӞӏӓ Ӝӊ ӕәӲӓӗ ӜӐ ӜӞәӢӊӌӊӲӞ ӗӊӖӊ ӚӛӐӏӞӒӐӵӊ ҪӛӐӏӴӐ ӚӛӐӏӞӒӐӵӐ ңӊә ӚӛӐӏӞӒӐӵӊ ӕәӲӊ ӜӐ Ӛә ӌӐӖӓӢӓӘӓ ӘӊӖӊӒӐ ӓӒӗӐӬӞ ӗӊӖӓӠ ӓ ӌӐӖӓӕӓӠ ӜӛӐӏӴӊ ӚӛӐӏӞӒӐӵӊ ӓӜӝәӌӛӐӗӐӘә ӓӗӊӲӞ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӗӊӖӓӠ ӓ ӌӐӖӓӕӓӠ ӚӛӐӏӞӒӐӵӊ ԢՆծՈՌձՆ ՗ՆՎՒՏՑՆ ՏՎՓՌը՚ ՓՆՒՏ՜ Տ ՘՗ՌՋհՏ՜ Ֆ՗ՌՋ՚ՎՌձՆ ծՌ Ӟ әӛӍӊӘӓӒӊӡӓӲӓ ӛӊӏӊ әӛӍӊӘӓӒӊӡӓәӘәӲ ӜӝӛӞӕӝӞӛӓ ӓ ӘӊӢӓӘӞ ӞӚӛӊӌӳӊӴӊ ҝәӕ

ӲӐ Ӓӊ ӗӊӖӊ ӚӛӐӏӞӒӐӵӊ ӕӊӛӊӕӝӐӛӓӜӝӓӢӘӊ ӘӐӟәӛӗӊӖӘӊ әӛӍӊӘӓӒӊӡӓӲӊ ӓ ӲӐӏӘәӜӝӊӌӘӊ әӛӍӊӘӓӒӊӡӓәӘӊ ӜӝӛӞӕӝӞӛӊ әӛӍӊӘӓӒӊӡӓәӘӊ ӜӝӛӞӕӝӞӛӊ ӜӛӐӏӴӓӠ ӚӛӐӏӞӒӐӵӊ ӲӐ ӟәӛӗӊӖӓӒәӌӊӘӊ ӓ ӒӘӊӝӘә ӜӖәӑӐӘӓӲӊ Ҭ ӜӛӐӏӴӓӗ ӚӛӐӏӞӒӐӵӓӗӊ Օ՗ՉՆՔՏՎՆ՝ՏՕՔՆ ՘ՙ՗՚Ցՙ՚՗Ն ӲӐ Ӛә ӚӛӊӌӓӖӞ ՛՚ՔՑ՝ՏՕՔՆՒՔՆ ӣӝә ӒӘӊӢӓ ӏӊ ӜӞ ӘӊӲӌӊӑӘӓӲӐ ӚәӜӖәӌӘӐ ӟӞӘӕӡӓӲӐ әӛӍӊӘӓӒәӌӊӘӐ ӕӊә ӜӐӕӝәӛӓ ӜӐӕӝәӛ ӚӛәӓӒӌәӏӴӐ ӜӐӕӝәӛ ӗӊӛӕӐӝӓӘӍӊ ӜӐӕӝәӛ ӟӓӘӊӘӜӓӲӊ ӓ ӛӊӢӞӘәӌәӏӜӝӌӊ ӓӝӏ Ҭ әӕӌӓӛӞ ӜӐӕӝәӛӊ әӛӍӊӘӓӒӞӲӞ ӜӐ Ӛә ӚӛӊӌӓӖӞ ӘӓӑӐ әӛӍӊӘӓӒӊӡӓәӘӐ ӡӐӖӓӘӐ ӘӚӛ ӜӖӞӑӋӐ ӊ Ӟ әӕӌӓӛӞ ӴӓӠ ӗӊӴӐ әӛӍӊӘӓӒӊӡӓәӘӐ ӡӐӖӓӘӐ ӘӚӛ әӏӐӳӐӴӊ ӝӊӕә ӏӊ әӛӍӊӘӓӒӊӡӓәӘӞ ӜӝӛӞӕӝӞӛӞ ӜӛӐӏӴӓӠ ӚӛӐӏӞӒӐӵӊ әӏӖӓӕӞӲӐ ӚәӜӝәӲӊӴӐ ӌӓӣӐ ӠӓӲӐӛӊӛӠӓӲӜӕӓӠ Әӓӌәӊ Ҡӊ ӛӊӒӖӓӕӞ әӏ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ Ӟ ӕәӲӓӗӊ ӒӊӚәӜӖӐӘӓ әӋӊӌӳӊӲӞ ӌӓӣӐ ӚәӜӖәӌӊ ӓ Ӟ ӕәӲӓӗӊ ӛӊӏӘӊ ӗӐӜӝӊ ӘӓӜӞ ӚӛӐӡӓӒӘә әӏӛӐӬӐӘӊ Ӟ ӚӛӐӏӞӒӐӵӓӗӊ ӜӛӐӏӴӐ ӌӐӖӓӢӓӘӐ ӛӊӏӘӊ ӗӐӜӝӊ ӜӞ ӟәӛӗӊӖӘә әӏӛӐӬӐӘӊ ӊ әӏӘәӜӓ ӓӒӗӐӬӞ ӛӊӏӘӓӠ ӗӐӜӝӊ ӜӞ ӚӛӐӡӓӒӓӛӊӘӓ ӚӛӊӌӓӖӓӗӊ ӓ ӚӛәӡӐӏӞӛӊӗӊ ҪӓӜӝӐӗ ӕәӘӝӛәӖӐ ӲӐ ӛӊӒӌӓӲӐӘ ӊ ӕәӗӞӘӓӕӊӡӓӲӊ ӓӒӗӐ ӬӞ ӒӊӚәӜӖӐӘӓӠ ӲӐ ӛӐӬӐ ӊӖӓ ӚӛӐӡӓӒӘӓӲӐ әӏӛӐӬӐӘӊ ӘӐӍә Ӟ ӗӊӖӓӗ ӚӛӐӏӞӒӐӵӓӗӊ Ҡӊ ӛӊӒӖӓӕӞ әӏ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ ӢӓӲӓ ӜӞ ӚӛәӋӖӐӗӓ ӛӐӖӊӝӓӌӘә ӲӐӏӘәӜӝӊӌӘӓ ӓ ӌӐӒӊӘӓ ӞӍӖӊӌӘәӗ Ӓӊ ӝӐӕӞӵӐ ӚәӜӖәӌӊӴӐ ӓ Ӟ ӕәӲӓӗӊ ӲӐ ӏәӘәӣӐӴӐ әӏӖӞӕӊ ӜӊӜӌӓӗ ӕәӘӡӐӘӝӛӓӜӊӘә Әӊ ӌӖӊӜӘӓӕӐ ӚӛӐӏӞӒӐӵӊ ӜӛӐӏӴӐ ӌӐӖӓӢӓӘӐ ӓӗӊӲӞ ӗӘәӍә ӜӖәӑӐӘӓӲӐ ӚӛәӋӖӐӗӐ ӝӐӕӞӵӐӍ ӚәӜӖәӌӊӴӊ ӓ ӛӊӜӝӊ ӢӓӲӐ ӛӐӣӊӌӊӴӐ ӒӊӠӝӐӌӊ ӚӛәӟӐӜӓәӘӊӖӘә ӞӚӛӊӌӳӊӴӐ ӚӛӐӏӞӒӐӵӐӗ Ҫӊ ӛӊ Ӝӝәӗ ӓ ӛӊӒӌәӲӐӗ ӚӛӐӏӞӒӐӵӊ әӏӘәӜӘә ӚӛӐӛӊӜӝӊӴӐӗ ӗӊӖӓӠ Ӟ ӜӛӐӏӴӊ ӚӛӐӏӞӒӐӵӊ ӗӐӴӊ ӜӐ Ӛӛӓӛәӏӊ ӞӚӛӊӌӳӊӢӕӓӠ ӚӛәӋӖӐӗӊ ӕӊә ӓ ӘӐәӚӠәӏӘӊ ӒӘӊӴӊ ӓ ӌӐӣӝӓӘӐ ӏӊ Ӌӓ ӜӐ ӞӜӚӐ ӣӘә ӛӐӣӓӖӓ әӌӓ ӚӛәӋӖӐӗӓ ҩӊӜӝ ӚӛӐӏӞӒӐӵӊ ӘӞӑӘә ӜӐ әӏӛӊӑӊӌӊ Әӊ ӜӌӐ ӊӜӚӐӕӝӐ ӴӐӍәӌәӍ ӚәӜӖәӌӊӴӊ Ҫӊ ӛӊӜӝәӗ ӚӛәӏӊӲӐ ӛӊӜӝәӗ ӋӛәӲӊ ӒӊӚәӜӖӐӘӓӠ Ӟ ӚӛӐӏӞӒӐӵӞ ӚәӌӐӵӊӴӐӗ ӒӊӖӓӠӊ ӚәӌӐӵӊӴӐӗ ӚӛәӓӒӌәӏӘӓӠ ӕӊӚӊӡӓӝӐӝӊ ӜӌӐ ӌӐӵәӗ ӜӖәӑӐӘәӣӵӞ әӛӍӊӘӓӒӊӡӓәӘӐ ӜӝӛӞӕӝӞӛӐ ӚӛӐӏӞӒӐӵӊ ӚӐӛӗӊӘӐӘӝӘәӗ әӜӕӞӏӓӡәӗ

Подела предузећа

ӕӊӚӓӝӊӖӊ ӓ ӜӖӓӢӘә ӛӊӘӓӲӓ ӚӛәӋӖӐӗӓ ӚәӜӝӊӲӞ ӜӖәӑӐӘӓӲӓ ӊ ӘӊӜӝӊӲӞ ӓ ӋӛәӲӘӓ Әәӌӓ ӚӛәӋӖӐӗӓ ҡ ӣӝә ӲӐ Ӌӛӑӓ ӛӊӜӝ ӚӛӐӏӞӒӐӵӊ ӝә ӜӞ ӌӐӵӐ ӗәӍӞӵӘәӜӝӓ ӘӊӜӝӊӘӕӊ әӌӓӠ ӚӛәӋӖӐӗӊ ӞӜӖӐӏ ӛӊӒӖӓӢӓӝӓӠ ӚӛӓӝӓӜӊӕӊ ӑӞӛӋӐ ӘӐӜӘӊӖӊӑӐӴӊ ӍӞӋӓӝӕӊ ӕәӘӝӛәӖӐ ӓ ӜӖӓӢӘә ҝӊ Ӌӓ ӜӐ әӌӓ ӚӛәӋӖӐӗӓ ӞӜӚӐӣӘә ӛӐӣӊӌӊӖӓ Ӝӊ ӛӊӜӝәӗ ӚӛӐӏӞӒӐӵӊ ӗӐӴӊ ӜӐ ӓ ՔՆ՞ՏՔ ՚Ֆ՗ՆՈկՆհՆ ӚӛӐӏӞӒӐӵӐӗ ҦӊӲӒӘӊӢӊӲӘӓӲӐ ӚӛәӗӐ ӘӐ Ӟ ӞӚӛӊӌӳӊӴӞ ӘӊӜӝӊӲӞ Ӝӊ Ֆ՗Օ՛Ռ՘ՏՕՔՆՒՏՎՆ՝ՏծՕՓ ՚Ֆ՗ՆՈկՆհՆ әӏӘәӜӘә ӒӊӚәӣӳӊӌӊӴӐӗ ӚӛәӟӐӜӓәӘӊӖӘӓӠ ӗӐӘӊӸӐӛӊ ҫӓӗӐ ӜӐ ӋӓӝӘә ӗӐӴӊ ӘӊӢӓӘ ӞӚӛӊӌӳӊӴӊ Ӟ ӜӛӐӏӴӓӗ ӚӛӐӏӞӒӐӵӓӗӊ Ӟ әӏӘәӜӞ Әӊ ӞӚӛӊӌӳӊӴӐ ӗӊӖӓӗ ӚӛӐӏӞӒӐӵӓӗӊ Ҡӊ ӛӊӒӖӓӕӞ әӏ ӌӖӊӜӘӓӕӊ m ӗӐӘӊӸӐӛӊ ӗӊӖәӍ ӚӛӐӏӞӒӐӵӊ ӕәӲӓ Ӝӊӗ ӞӚӛӊӌӳӊ ӚӛӐ ӏӞӒӐӵӐӗ ӓ ӘӐӚәӜӛӐӏӘә әӋӊӌӳӊ ӗӘәӍӐ ӚәӜӖәӌӐ ӚӛәӟӐӜӓәӘӊӖӘӓ ӗӐӘӊӸӐӛ ӜӛӐӏӴӐӍ ӚӛӐӏӞӒӐӵӊ ӒӘӊӢӊӲӊӘ ӏӐә ӜӌәӍ ӌӛӐӗӐӘӊ ӚәӜӌӐӵӞӲӐ ӓӒӋәӛӞ әӋӞӡӓ ӗәӝӓӌӓӜӊӴӞ ӓ әӡӐӘӓ ӜӌәӲӓӠ ӜӊӛӊӏӘӓӕӊ ӕӊә ӓ ӘӊӚәӛӓӗӊ ӏӊ ӜӐ ӴӓӠәӌӐ ӊӕӝӓӌӘәӜӝӓ ӞӜӕӖӊӏӐ ӓ ӚәӌӐӑӞ ӕӊӕә Ӌӓ ӏӐӖәӌӊӖӓ ӕӊә ӜӕӖӊӏӊӘ ӝӓӗ ҝӊ Ӌӓ ӟәӛӗӓӛӊә ӐӟӓӕӊӜӊӘ ӝӓӗ ӜӊӛӊӏӘӓӕӊ ӗӐӘӊӸӐӛ ӗәӛӊ ӏӊ ӚӛӐӘӐӜӐ ӏӐә ӜӌәӲӓӠ әӌӖӊӣӵӐӴӊ Әӊ ӚәӏӛӐӬӐӘӐ Ҫӊ ӛӊӜӝәӗ ӚӛӐӏӞӒӐӵӊ ӗӐӘӊӸӐӛ ӜӛӐӏӴӐӍ ӚӛӐӏӞӒӐӵӊ ӜӌӐ ӗӊӴӐ ӓӒӌӛӣӊӌӊ ӕәӘӕӛӐӝӘӐ ӚәӜӖәӌӐ ӊ ӜӌӐ ӌӓӣӐ ӞӚӛӊӌӳӊ әӏӘәӜӘә ӞӚӛӊӌӳӊ ӜӌәӲӓӗ ӜӊӛӊӏӘӓӡӓӗӊ m ӗӐӘӊӸӐӛӓӗӊ ҡ ӚәӛӐӏ ӝәӍӊ ӣӝә ӜӛӐӏӴӊ ӚӛӐӏӞӒӐӵӊ ӛӊӜӚәӖӊӑӞ ӌӐӵӓӗ ӓӒӘәӜәӗ ӕӊӚӓӝӊӖӊ ӓ әӜӝӌӊӛӞӲӞ ӌӐӵӓ ӚӛӓӠәӏ әӏ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ ӜӛӐӏӴӊ ӚӛӐӏӞӒӐӵӊ ӕәӲӊ ӜӐ ӛӊӒӌӓӲӊӲӞ ӋӊӘӕӐ ӏәӑӓӌӳӊӌӊӲӞ ӕӊә ӛӓӒӓӢӘӐ ӒӊӲӗәӚӛӓӗӡӐ ӝӊӕә ӏӊ ӓӠ ӘӐӛӊӏә ӕӛӐӏӓӝӓӛӊӲӞ ҝӊ Ӌӓ ӜӐ әӝӕӖәӘӓӖӊ ӚӛӐӚӛӐӕӊ ӟӓӘӊӘӜӓӛӊӴӞ ӛӊӜӝӊ ӗӘәӍӊ ӜӛӐӏӴӊ ӚӛӐӏӞӒӐӵӊ ӜӐ ӛӐәӛӍӊӘӓӒӞӲӞ Ӟ ӊӕӡӓәӘӊӛӜӕӊ ӏӛӞӣӝӌӊ ӢӓӗӐ ӜӝӓӢӞ ӞӜӖәӌӐ Ӓӊ ӚӛӓӜӝӞӚ ӝӛӑӓӣӝӞ ӕӊӚӓӝӊӖӊ Ҭ әӏӘәӜӞ Әӊ ӌӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ ӜӛӐӏӴӊ ӚӛӐӏӞӒӐӵӊ ӓӗӊӲӞ ӚӛӐӏӘәӜӝ Ӟ ӒӊӏәӌәӳӊӌӊӴӞ ӜӚӐӡӓӲӊӖӓӒәӌӊӘӐ ӝӛӊӑӴӐ ӕӊә ӓ Әӊ ӝӛӑӓ ӣӝӓӗӊ Әӊ ӕәӲӓӗӊ ӟӖӐӕӜӓӋӓӖӘәӜӝ ӚӛӐӏӜӝӊӌӳӊ ӕәӘӕӞӛӐӘӝӜӕӞ ӚӛӐӏӘәӜӝ ҠӘӊӢӊӲӘӐ ӐӟӐӕӝӐ ӐӕәӘәӗӓӲӐ әӋӓӗӊ әӌӊ ӚӛӐӏӞӒӐӵӊ ӗәӍӞ әӜӝӌӊ-

25

ӛӓӝӓ ӜӘӊӋӏӐӌӊӲӞӵӓ ӌӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ ӘӐәӚӠәӏӘӓӗ ӚәӖӞӚӛәӓӒӌәӏӓӗӊ Ҭ ӝәӗ ӜӗӓӜӖӞ ӜӛӐӏӴӊ ӚӛӐӏӞӒӐӵӊ ӢӐӜӝә ӚӛӐӏӜӝӊӌӳӊӲӞ ӜӚәӘӞ ӓӒӗӐӬӞ ӗӊӖӓӠ ӚӛӐӏӞӒӐӵӊ әӏ ӕәӲӓӠ ӘӊӋӊӌӳӊӲӞ ӛӐӜӞӛӜӐ Ӝ ӲӐӏӘӐ ӜӝӛӊӘӐ ӓ ӌӐӖӓӕӓӠ ӚӛӐӏӞӒӐӵӊ ӕәӲӐ ӜӘӊӋӏӐӌӊӲӞ ӜӌәӲӓӗ ӚӛәӓӒӌәӏӓӗӊ Ӝ ӏӛӞӍӐ ӜӝӛӊӘӐ

ҨҡҫҘӂҘ ҡ ҠҘҝҘүҡ

Ҩә ӕәӲӓӗ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊӗӊ ӜӐ ӜӛӐӏӴӊ ӚӛӐӏӞӒӐӵӊ ӛӊӒӖӓӕӞӲӞ әӏ ӗӊӖӓӠ ӊ Ӛә ӕәӲӓӗ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊӗӊ ӜӞ ӜӖӓӢӘӊ Ӝӊ әӌӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ҧӋӲӊӜӘӓӝӐ ӚӛәӗӐӘӐ ӕәӲӐ ӘӊӜӝӊӲӞ ӚӛәӟӐӜӓәӘӊӖӓӒӊӡӓӲәӗ ӞӚӛӊӌӳӊӴӊ ңәӲӐ ӜӞ ӛӊӒӖӓӕӐ ӓӒӗӐӬӞ ӜӛӐӏӴӓӠ ӓ ӌӐӖӓӕӓӠ ӚӛӐӏӞӒӐӵӊ

ҚӐӖӓӕә ӚӛӐӏӞӒӐӵӐ ҚӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ ӓӗӊӲӞ ӋӛәӲӘӐ ӚӛӐӏӘәӜӝӓ ӕәӲӐ ӞӚӛӊӌә ӚәӝӓӢӞ әӏ ӴӓӠәӌӐ ӌӐӖӓӢӓӘӐ ӓ ӗәӵӓ Ҫӌӊӕӊӕә ӘӊӲӒӘӊӢӊӲӘӓӲӐ ӚӛӐӏӘәӜӝӓ ӌӐӖӓӕӓӠ ӚӛӐӏӞӒӐӵӊ ӘӊӜӝӊӲӞ ӞӜӖӐӏ ӐӟӐӕӊӝӊ ӐӕәӘәӗӓӲӐ ӌӐӖӓӢӓӘӐ ԚՑՕՔՕՓՏծՆ ՈՌՒՏ՞ՏՔՌ ӓӜӚәӳӊӌӊ ӜӐ Ӟ ӚәӒӓӝӓӌӘӓӗ ӐӟӐӕӝӓӗӊ ӚӛӐ ӜӌӐӍӊ Ӟ ӜӗӊӴӐӴӞ ӚӛәӜӐӢӘӓӠ ӝӛә ӣӕәӌӊ ӞӜӖӐӏ ӌӐӖӓӢӓӘӐ ӚӛӐӏӞӒӐӵӊ ҞӕәӘәӗӓӲӊ ӌӐӖӓӢӓӘӐ ӚәӜӖӐӏӓӡӊ ӲӐ ӋӛәӲӘӓӠ ӛӊӡӓәӘӊӖӘәӜӝӓ ӕәӲӐ ӘӊӜӝӊӲӞ Ӟ ӌӐӖӓӕӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ӞӜӖӐӏ ӕәӛӓӣӵӐӴӊ әӚӛӐӗӐ ӌӐӖӓӕӓӠ ӕӊӚӊӡӓӝӐӝӊ ӝӛӑӓӣӘӓӠ ӚӛӐӏӘәӜӝӓ ӐӟӓӕӊӜӘӓӲӐӍ ӞӚӛӊӌӳӊӴӊ ӚӛӐӏӘәӜӝӓ Ӟ әӋӐӒӋӐӬӓӌӊӴӞ ӟӓӘӊӘӜӓӲӜӕӓӠ ӜӛӐӏӜӝӊӌӊ ӓӝӏ ҞӟӐӕӊӝ ӕәӛӓӣӵӐӴӊ ӜӛӐӏӜӝӊӌӊ ӌӐӖӓӕӓӠ ӕӊӚӊӡӓӝӐӝӊ ӓӖӓ ՙՌ՜ՔՏ՞ՑՆ ՌՑՕՔՕՓՏծՆ ӘӊӜӝӊӲӐ ӕӊә ӚәӜӖӐӏӓӡӊ ӘӐӚӛәӚәӛӡӓәӘӊӖӘәӍ әӏӘәӜӊ ӓӒӗӐӬӞ ӝӛәӣӕәӌӊ ӕӞӚәӌӓӘӐ ӓӖӓ ӓӒӍӛӊӏӴӐ ӝӓӠ ӜӛӐӏӜӝӊӌӊ ӓ ӝӛәӣӕәӌӊ Ӛӛәӓ ӒӌәӏӴӐ ӓӖӓ ӕәӛӓӣӵӐӴӊ ӝӓӠ ӜӛӐӏӜӝӊӌӊ ҞӟӓӕӊӜӘәӜӝ ӜӛӐӏӜӝӊӌӊ ӒӊӌӓӜӓ әӏ ӴӓӠәӌәӍ ӕӊӚӊӡӓӝӐӝӊ ӓӖӓ ӕәӖӓӢӓӘӐ ӚӛәӓӒӌәӏӊ ӕәӲӊ ӜӐ ӗәӑӐ ӚӛәӓӒӌӐӜӝӓ ӕәӖӓӢӓӘӐ ӛәӋӐ ӕәӲӊ ӜӐ

26

Предузеће

ӗәӑӐ ӞӜӕӖӊӏӓӣӝӓӝӓ ӚӛӐӌӐӜӝӓ ӓ ӜӖӓӢӘә ӕәӛӓӣӵӐӴӐӗ ӜӛӐӏӜӝӊӌӊ ӏәӕ ӝӛәӣӕәӌӓ ӘӊӋӊӌӕӐ ӓӖӓ ӓӒӍӛӊӏӴӐ ӜӛӐӏӜӝӊӌӊ ӒӊӌӓӜӐ әӏ ӴӓӠәӌӐ ӌӐӖӓӢӓӘӐ ӚәӌӛӣӓӘӐ ӘәӜӓӌәӜӝӓ ӓ ӜӖ

ҫӊӕә ӕӊӚӊӡӓӝӐӝ ӜӕӖӊӏӓӣӝӊ ӒӊӌӓӜӓ әӏ Ӓӊ ӚӛӐӗӓӘӐ ӜӕӖӊӏӓӣӘәӍ ӚӛәӜӝәӛӊ ӊ ӝӛәӣӕәӌӓ ӓӒӍӛӊӏӴӐ ӒӊӌӓӜӐ әӏ ӴӐӍәӌӐ ӚәӌӛӣӓӘӐ Ҫӊ ӚәӌӐӵӊӴӐӗ ӏӓӗӐӘӒӓӲӊ ӜӕӖӊӏӓӣӝӊ ӞӜӚәӜӝӊӌӳӊ ӜӐ ӜӌӐ ӚәӌәӳӘӓӲӓ әӏӘәӜ ӓӒӗӐӬӞ ӒӊӚӛӐӗӓӘӐ ӜӕӖӊӏӓӣӝӊ ӓ ӚәӌӛӣӓӘӐ ҫӊӕә ӊӕә ӚӛӐӝ ӚәӜӝӊӌӓӗә ӏӊ ӜӕӖӊӏӓӣӝӐ ӓӗӊ әӋӖӓӕ ӕәӡӕӐ ӓ ӏӊ ӜӞ ӴӐӍәӌӐ ӜӝӛӊӘӓӡӐ ӏӞӑӓӘӐ N әӘӏӊ ӲӐ әӏӘәӜ ӓӒӗӐӬӞ ӕӊӚӊӡӓӝӐӝӊ ӓ ӝӛәӣӕәӌӊ ӓӒӍӛӊӏӴӐ ӊ ӊӕә ӜӐ ӏӓӗӐӘӒӓӲӐ ӜӕӖӊӏӓӣӝӊ ӚәӌӐӵӊӲӞ Әӊ N ӝӊӏӊ ӲӐ әӏӘәӜ ӓӒӗӐӬӞ ӴӐӍәӌәӍ ӕӊӚӊӡӓӝӐӝӊ ӓ ӝӛәӣӕәӌӊ ңӊӏӊ ӜӐ ӏӓӗӐӘӒӓӲӐ ӜӕӖӊӏӓӣӝӊ ӚәӌӐӵӊӲӞ Әӊ N әӏӘәӜ ӓӒӗӐӬӞ ӕӊӚӊӡӓӝӐӝӊ ӓ ӝӛәӣӕәӌӊ ӍӛӊӏӴӐ ӲӐ ҩӐӒӞӖӝӊӝ ӚәӌӐӵӊӴӊ ӕӊӚӊӡӓӝӐӝӊ ӲӐ ӜӗӊӴӐӴӐ ӝӛәӣӕәӌӊ Ӛә ӲӐӏӓӘӓӡӓ ӗӐӛӐ ӜӕӖӊӏӓӣӘәӍ ӚӛәӜӝәӛӊ ҞӟӓӕӊӜӘәӜӝ ӜӛӐӏӜӝӊӌӊ Әӊ ӜӖӓӢӊӘ ӘӊӢӓӘ ӜӐ ӚәӌӐӵӊӌӊ ӕӊӏӊ ӜӐ ӕәӛӓӜӝӐ ӌӐӖӓӕӓ ӝӊӘӕӐӛӓ ӌӐӖӓӕӓ ӊӌӓәӘӓ ӌӐӖӓӕӐ ӝӞӛӋӓӘӐ ӓ ӍӐӘӐӛӊӝәӛӓ әӚӛӐӗӊ ӌӐӖӓӕәӍ ӕӊӚӊӡӓӝӐӝӊ Ӟ ӛӊӟӓӘӐӛӓӲӊӗӊ ӚӐӵӓ Ӓӊ ӝәӚӳӐӴӐ ӛӞӏӐ ӌӐӖӓӕәӍ ӕӊӚӊӡӓӝӐӝӊ ӓӖӓ ӚӐӵӓ Ӓӊ ӚӛәӓӒӌәӏӴӞ ӡӐӗӐӘӝӘәӍ ӕӖӓӘӕӐӛӊ ӓ ӜӖӓӢӘә ҚӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ ӗӘәӍә ӖӊӕӣӐ әӏ әӜӝӊӖӓӠ ӚӛӐӏӞӒӐӵӊ ӗәӍӞ әӜӝӌӊӛӓӝӓ ӓ ӘӐӕӐ ӏӛӞӍӐ ӚӛӐӏӘәӜӝӓ Ӛә әӜӘәӌӞ ӌӐӖӓӕәӍ ӒӋӓӛӘәӍ әӋӓӗӊ ӚӛәӓӒӌәӏӴӐ ҪӝӌӊӛӊӴӐӗ ӌӐӵӐ ӕәӖӓӢӓӘӐ ӚӛәӓӒӌәӏӊ Ӟ ӏӞӑӐӗ ӌӛӐӗӐӘӜӕәӗ ӚӐӛӓәӏӞ ӊӕӞӗӞӖӓӛӊӲӞ ӜӐ ӓӜӕӞӜӝӌә ӓ ӒӘӊӴӐ ӣӝә ӜӗӊӴӞӲӐ ӚӛәӜӐӢӘӐ ӝӛәӣӕәӌӐ ҞӟӐӕӊӝ ӞӢӐӴӊ ӕәӛӓӜӝӓ әӏ ӞӢӐӴӊ Ӓӊ әӏӛӐӬӐӘӓ ӝӐӠӘәӖә ӣӕӓ ӚӛәӡӐӜ ӓӒӛӊӑӊӌӊ ӜӐ ՗Ն՝ՏՕՓ ՔՆՖ՗ՌՙՑՆ ӚӛәӍӛӐӜӊ ӕәӲӓ ӜӐ ӓӒӛӊӢӞӘӊӌӊ ӕӊә әӏӘәӜ ӚӛәӜӐӢӘӓӠ ӝӛәӣӕәӌӊ ӞӏӌәӜӝӛӞӢӐӘӐ ӒӋӓӛӘӐ ӕәӖӓӢӓӘӐ ӚӛәӓӒӌәӏӊ ӓ ӚӛәӜӐӢӘӓӠ ӝӛәӣӕәӌӊ ӚӛӐ ӚӛәӗӐӘӐ ӕәӖӓӢӓӘӐ ӚӛәӓӒӌәӏӊ ҩӊӡӓә ӘӊӚӛӐӝӕӊ ӗӊӴӓ әӏ ӲӐӏӊӘ ӞӕӊӒӞӲӐ Әӊ ӐӟӐӕӊӝ ӞӢӐӴӊ ҚӓӜӓӘӊ ӛӊӡӓӲӊ ӘӊӚӛӐӝӕӊ ӛӊӒӖӓӢӓӝӊ ӲӐ Ӓӊ ӚәӲӐӏӓӘӊ ӚӛӐӏӞӒӐӵӊ ӊӖӓ Ӟ ӚӛәӜӐӕӞ ӓӒӘәӜӓ әӕә ӣӝә ӒӘӊӢӓ ӏӊ ӏӞӚӖӓӛӊӴӐ ӒӋӓӛ-

ӘӐ ӕәӖӓӢӓӘӐ ӚӛәӓӒӌәӏӊ ӏәӌәӏӓ ӏә ӜӗӊӴӐӴӊ ӚӛәӜӐӢӘӓӠ ӝӛәӣӕәӌӊ Ӓӊ әӕә ӚӛәӡӐӘӊӝӊ ҚӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ ӜӗӊӴӞӲӞ ӜӌәӲӐ ӞӕӞӚӘӐ ӝӛәӣӕәӌӐ Ӛә ӲӐӏӓӘӓӡӓ ӚӛәӓӒӌәӏӊ ӏӛӑӊӴӐӗ әӚӝӓӗӊӖӘӓӠ ӒӊӖӓӠӊ ӗӊӝӐӛӓӲӊӖӊ ӓ ӛӐӒӐӛӌӘӓӠ ӏӐӖәӌӊ әӜӝӌӊӛӞӲӞӵӓ ӝӊӕә ӐӟӐӕӝӐ ՌՑՕՔՕՓՏծՌ ՘ՑՒՆՋՏ՟ՙՌհՆ ҪӗӊӴӐӴӞ ӚӛәӜӐӢӘӓӠ ӝӛә ӣӕәӌӊ ӒӊӖӓӠӊ ӏәӚӛӓӘәӜӐ ӗәӏӐӛӘӓ ӜӓӜӝӐӗӓ ӕәӘӝӛәӖӐ ӒӊӖӓӠӊ ӒӊӜӘәӌӊӘӓ Әӊ ӛӊӢӞӘӊӛӜӕәӲ ӝӐӠӘәӖәӍӓӲӓ ӕәӲӓ әӗәӍӞӵӊӌӊӲӞ ӜӗӊӴӐӴӐ ӒӊӖӓӠӊ ӓ ӝӓӗӐ ӜӗӊӴӐӴӐ ӝӛәӣӕәӌӊ ӏӛӑӊӴӊ ӒӊӖӓӠӊ ӝӛәӣӕәӌӓ ӜӕӖӊӏӓӣӝӐӴӊ әӜӓӍӞӛӊӴӊ ӝӛәӣӕәӌӓ ӟӓӘӊӘӜӓӛӊӴӊ ӒӊӖӓӠӊ ӝӛәӣӕәӌӓ ӞӜӖӐӏ ӕӌӊӛӐӴӊ ӕӊӖӊ ӗӊӝӐӛӓӲӊӖӊ ӒӊӜӝӊӛӐӌӊӴӊ ӛӐӒӐӛӌӘӓӠ ӏӐӖәӌӊ ӓ ӜӖ ҨәӖәӑӊӲ ӌӐӖӓӕӓӠ ӚӛӐӏӞӒӐӵӊ Әӊ ӘӊӋӊӌӘәӗ ӝӛӑӓӣӝӞ ӕӊә ӌӐӖӓӕӓӠ ӓ ӒӘӊӢӊӲӘӓӠ ӕӞӚӊӡӊ ӏәӚӛӓӘәӜӓ ӜӗӊӴӐӴӞ ӝӛәӣӕәӌӊ ӘӊӛӞӢӓӌӊӴӊ ӒӊӖӓӠӊ ӝӛәӣӕәӌӓ ӚӛӓӚӛӐӗӐ ӘӊӛӞӸӋӓӘӐ ӝӛәӣӕәӌӓ ӊӘӊӖӓӒӐ ӓ ӓӒӋәӛӊ ӏәӋӊӌӳӊӢӊ ӝӛәӣӕәӌӓ әӋӛӊ ӏӐ ӝӛәӣӕәӌӓ әӝӚӛӐӗӐ ӝӛәӣӕәӌӓ ӚӛӓӠӌӊӝӊӴӊ ӓ ӕәӘӝӛәӖӐ ӘӊӛӞӢӐӘӐ ӕәӖӓӢӓӘӐ ӝӛә ӣӕәӌӓ ӐӌӓӏӐӘӝӓӛӊӴӊ ӓ ӜӖ ӝӊӕә ӏӊ ӌӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ ӖӊӕӣӐ әӏ ӏӛӞӍӓӠ ӗәӍӞ әӚӝӓӗӓӒӓӛӊӝӓ ӜӌәӲӐ ӒӊӖӓӠӐ әӏӘәӜӘә ӗӓӘӓӗӓӒӓӛӊӝӓ ӝӛәӣӕәӌӐ ӒӊӖӓӠӊ ҞӕәӘәӗӓӲӓ ӜӕӖӊӏӓӣӝӐӴӊ ӏәӚӛӓӘәӜӓ ӓ ӝӒӌ ӐӟӐӕӊӝ ӌӐӖӓӕәӍ ӋӛәӲӊ ӕәӲӓ ӜӐ әӍӖӐӏӊ Ӟ ӚәӌәӳӘӓӲӐӗ әӏӘәӜӞ ӝӛәӣӕәӌӊ ӒӊӖӓӠӊ ӛӐӒӐӛӌӘӓӠ ӏӐӖәӌӊ ӓ ӋӛәӲӊ ӜӛӐӏӜӝӊӌӊ Ӓӊ ӛӊӏ Ӟ ӌӐӖӓӕӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ӘӐӍә ӣӝә ӲӐ ӝӊӲ әӏӘәӜ Ӟ ӏӛӞӍӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ҫӊӕә ӊӕә ӗӊӖә ӚӛӐӏӞӒӐӵӐ ӓӗӊ ӲӐӏӘӞ ӗӊӣӓӘӞ әӘә ӵӐ ӗәӛӊӝӓ Әӊ ӒӊӖӓӠӊӗӊ ӏӊ ӓӗӊ ӜӌӐ ӚәӝӛӐӋӘӐ ӛӐӒӐӛӌӘӐ ӏӐӖәӌӐ Ӓӊ ӝӞ ӗӊӣӓӘӞ ҚӐӖӓӕә ӚӛӐӏӞӒӐӵӐ ӕәӲӐ Әӊ ӚӛӓӗӐӛ ӓӗӊ ӝӊӕӌӓӠ ӗӊӣӓӘӊ ӘӐӵӐ ӗәӛӊӝӓ ӏӊ ӓӗӊ ӏӐӜӐӝ ӚӞӝӊ ӌӐӵӞ ӌӛӐӏӘәӜӝ ӒӊӖӓӠӊ ӛӐӒӐӛӌӘӓӠ ӏӐӖәӌӊ Ӓӊ ӜӌәӲӓӠ ӏӐӜӐӝ ӗӊӣӓӘӊ ҞӕәӘәӗӓӲӓ ӌӐӖӓӢӓӘӐ ӏәӚӛӓӘәӜӐ ӓ ӐӟӐӕӝӓ ՌՑՕՔՕՓՏծՌ ՚Ֆ՗ՆՈկՆհՆ ӓӖӓ ՆՋՓՏՔՏ՘ՙ՗ՆՙՏՈՔՌ ՌՑՕՔՕՓՏծՌ ҞӕәӘәӗӓӲӊ ӞӚӛӊӌӳӊӴӊ ӲӐ ӚәӜӖӐӏӓӡӊ ӕәӛӓӣӵӐӴӊ ӜӊӌӛӐӗӐӘӓӠ ӗӐӝәӏӊ ӓ ӝӐӠӘӓӕӊ ӚәӜӖәӌӘәӍ ӞӚӛӊӌӳӊӴӊ ӕәӛӓ ӣӵӐӴӊ ӗәӏӐӛӘӐ ӓӘӟәӛӗӊӡӓәӘӐ ӓ ӝӐӖӐӕәӗӞӘӓӕӊӡӓәӘӐ ӝӐӠӘәӖәӍӓӲӐ ӓ ӜӖӓӢӘә ӊӖӓ ӓ ӲӐӏ-

Подела предузећа

ӘәӜӝӊӌӘӐ ӢӓӴӐӘӓӡӐ ӏӊ ӜӐ Ӝӊ ӛӊӜӝәӗ ӚӛӐӏӞӒӐӵӊ ӝӛәӣӕәӌӓ ӞӚӛӊӌӳӊӴӊ ӗӊӴӐ ӚәӌӐӵӊӌӊӲӞ әӏ ӛӊӜӝӊ ӌӐӖӓӢӓӘӐ ӚӛӐӏӞӒӐӵӊ ҦӊӓӗӐ ӓӊӕә ӛӊӜӝ ӚӛӐӏӞӒӐӵӊ ӕәӲӓ әӋӓӢӘә Ӛӛӊӝӓ ӚәӌӐӵӊӴӐ ӋӛәӲӊ ӒӊӚәӜӖӐӘӓӠ ӗәӑӐ ӒӊӠӝӐӌӊӝӓ ӚәӌӐӵӊӴӐ ӋӛәӲӊ ӖӓӘӓӲӜӕӓӠ ӗӐӘӊӸӐӛӊ ӓ ӏӐӖӓӗӓӢӘә ӗӐӘӊӸӐӛӊ ӜӛӐӏӴӐӍ Әӓӌәӊ ӋӛәӲ ӘӊӲӌӓӣӓӠ ӗӐӘӊӸӐӛӊ ӜӐ ӘӐ ӗӐӴӊ ӝӊӕә ӏӊ ӝӛә ӣӕәӌӓ ӞӚӛӊӌӳӊӴӊ ӛӊӜӝӞ ӗӊӴӐ әӏ ӛӊӜӝӊ ӚӛӐӏӞӒӐӵӊ әӏӘәӜӘә ӴӐӍәӌәӍ әӋӓӗӊ Ӛӛәӓ ӒӌәӏӴӐ ҚӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ ӓӗӊӲӞ ӓ ӒӘӊӢӊӲӘӐ ӚӛӐӏӘәӜӝӓ Әӊ ӝӛӑӓӣӝӞ ӕәӲӐ ӓӗ әӗәӍӞӵӊӌӊӲӞ әӜӝӌӊ ӛӐӴӐ ӐӟӐӕӊӝӊ ӝӒӌ ՓՆ՗ՑՌՙՏՔ՟ՑՌ ӓӖӓ ՑՕՓՌ՗՝ՏծՆՒՔՌ ՌՑՕՔՕՓՏծՌ ҠӋәӍ ӌӐӖӓӕәӍ ӝӛӑӓӣӘәӍ ӞӢӐӣӵӊ ӌӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ ӗәӍӞ ӏӊ әӜӝӌӊӛӐ ӌӓ ӣӐ ӡӐӘӐ ӜӌәӲӓӠ ӚӛәӓӒӌәӏӊ ӓ ӓӗӊӲӞ ӘӓӑӐ Ӛӛә ӜӐӢӘӐ ӝӛәӣӕәӌӐ ӕәӛӓӣӵӐӴӊ ӕӊӘӊӖӊ ӏӓӜӝӛӓ ӋӞӡӓӲӐ ӚӛӓӌӛӐӏӘӐ ӚӛәӚӊӍӊӘӏӐ ӓ әӜӝӊӖӐ ӝӛәӣӕәӌӐ ӚӛәӏӊӲӐ ҧӜӓӗ ӝәӍӊ ӌӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ әӜӝӌӊӛӞӲӞ ӚӛӐӏӘәӜӝӓ Әӊ ӚӛәӏӊӲӘәӗ ӝӛӑӓӣӝӞ ӓ Ӛә әӜӘәӌӞ ӜӌәӲӐ ӛӐӚӞӝӊӡӓӲӐ ӛәӋӘӐ ӗӊӛӕӐ ӓ ӜӖӓӢӘә Ҧӊ ӘӊӋӊӌӘәӗ ӝӛӑӓӣӝӞ ӜӖӓӢӘә ӝәӗӐ ӌӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ ӓӗӊӲӞ ӋәӳӞ ӚӛӐӍәӌӊӛӊӢӕӞ ӚәӒӓӡӓӲӞ әӏ ӏӛӞӍӓӠ ӚӛӐӏӞӒӐӵӊ ӝӊӕә ӏӊ ӘӊӋӊӌӳӊӲӞ ӛӐӜӞӛӜӐ Ӛә Әӓӑӓӗ ӡӐӘӊӗӊ ӊ ӚӛәӜӐӢӘӓ ӝӛәӣӕәӌӓ ӘӊӋӊӌӕӐ ӜӞ Әӓӑӓ әӏ ӝӛәӣӕәӌӊ әӜӝӊӖӓӠ ӚӛӐӏӞӒӐӵӊ ҠӘӊӢӊӲӊӘ ӓӒӌәӛ ӐӕәӘәӗӓӲӐ ӌӐӖӓӢӓӘӐ ӲӐ ӓ ՛ՏՔՆՔ՘Տծ՘ՑՆ ՌՑՕՔՕՓՏծՆ ӕәӲӊ ӜӐ ӓӜӚәӳӊӌӊ Ӟ Әӓӑӓӗ ӝӛәӣӕәӌӓӗӊ ӟӓӘӊӘӜӓӛӊӴӊ ӌӐӖӓӕӓӠ ӚӛӐӏӞӒӐӵӊ Ӟ әӏӘәӜӞ Әӊ ӏӛӞӍӊ ӚӛӐӏӞӒӐӵӊ ҠӋәӍ ӒӘӊӢӊӲӘӓӠ ӜӛӐӏӜӝӊӌӊ ӕәӲӓӗ ӛӊӜӚәӖӊӑӞ ӏӓӌӐӛӜӓӟӓӕәӌӊӘәӍ ӚӛәӓӒӌәӏӘәӍ ӚӛәӍӛӊӗӊ ӛӐӚӞӝӊӡӓӲӐ ӓ ӜӖӓӢӘә ӕӊә ӓ ӢӓӴӐӘӓӡӐ ӏӊ ӜӞ ӌӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ ӘӊӲӢӐӣӵӐ ӊӕӡӓәӘӊӛӜӕӊ ӏӛӞӣӝӌӊ ӒӋәӍ ӢӐӍӊ ӕӊӚӓӝӊӖ ӗәӍӞ әӋӐӒӋӐӬӓӌӊӝӓ Әӊ ӝӛӑӓӣӝӞ ӕӊӚӓӝӊӖӊ ӌӐӖӓӕӊ ӚӛӐ ӏӞӒӐӵӊ ӓӗӊӲӞ ӗәӍӞӵӘәӜӝ әӋӐӒӋӐӬӓӌӊӴӊ ӜӛӐӏӜӝӊӌӊ ӓӒ ӛӊӒӖӓӢӓӝӓӠ ӓӒӌәӛӊ ӓ Ӛәӏ ӚәӌәӳӘӓӲӓӗ ӞӜӖәӌӓӗӊ әӏ ӏӛӞӍӓӠ ӚӛӐӏӞӒӐӵӊ ҝәӜӝӞӚӘәӜӝ ӛӊӒӖӓӢӓӝӓӠ ӓӒӌәӛӊ ӟӓӘӊӘӜӓӛӊӴӊ әӗәӍӞӵӊӌӊ ӌӐӖӓӕӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ӏӊ ӕәӗӋӓӘӞӲӞӵӓ ӜӛӐӏӜӝӌӊ ӓӒ ӛӊӒӖӓӢӓӝӓӠ ӓӒӌәӛӊ ӗӓӘӓӗӓӒӓӛӊӲӞ ӡӐӘӞ ӕӊӚӓӝӊӖӊ ӕәӲӓ ӕәӛӓ-

27

ӜӝӐ ҧӜӓӗ ӝәӍӊ ӌӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ ӗәӍӞ Ӓӊ ӏӛӑӊӝӓ ӏӐә Ӛӛәӟӓӝӊ ӕәӲӓ әӜӝӌӊӛӞӲӞ Ӟ ӚәӜӖәӌӊӴӞ ӓ ӝӊӕә ӜӊӗәӜӝӊӖӘә ӟӓӘӊӘӜӓӛӊӝӓ ӏӐә ӓӘӌӐӜӝӓӡӓӲӊ ҠӘӊӢӊӲӘӐ ӚӛӐӏӘәӜӝӓ ӌӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ әӜӝӌӊӛӞӲӞ Әӊ әӜӘәӌӞ ӛӐӒӞӖӝӊӝӊ ӓӜӝӛӊӑӓӌӊӢӕә ӛӊӒӌәӲӘӐ ӊӕӝӓӌӘәӜӝӓ ҚӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ Ӟ ӜӌәӲӓӗ ӓӜӝӛӊӑӓӌӊӢӕә ӛӊӒӌәӲӘӓӗ ӲӐӏӓӘӓӡӊӗӊ ӓӖӓ ӓӘӜӝӓӝ Ӟ ӝӓӗӊ әӛӍӊӘӓӒәӌӊӘә ӚӛӓӜӝӞӚӊӲӞ ӓӜӝӛӊӑӓӌӊӴӞ ӓ ӛӊӒӌәӲӞ ҩӊӜӚәӖӊӑӞӵӓ ӕӛӓӝӓӢӘәӗ ӗӊӜәӗ ӳӞӏӓ ӓ ӜӛӐӏӜӝӊӌӊ ӌӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ ӏӊӘӊӜ ӛӊӏӐ ӜӌӐ ӌӓӣӐ ӘӐ Ӝӊӗә ӚӛӓӗӐӴӐӘӊ ӓ ӛӊӒӌәӲӘӊ ӓӜӝӛӊӑӓӌӊӴӊ ӌӐӵ ӓ ӟӞӘӏӊӗӐӘӝӊӖӘӊ ӘӊӞӢӘӊ ӓӜӝӛӊӑӓӌӊӴӊ ҩӐӒӞӖӝӊӝӓ ӝӓӠ ӓӜӝӛӊӑӓӌӊӴӊ ӕӊә ӣӝә ӜӞ Әәӌӓ ӚӛәӓӒӌәӏӓ Әәӌӓ ӗӊӝӐӛӓӲӊӖӓ ӘәӌӐ ӝӐ ӠӘәӖәӍӓӲӐ ӊӖӓ ӓ ӘәӌӐ ӝӐӠӘӓӕӐ ӞӚӛӊӌӳӊӴӊ ӒӘӊӢӊӲӘә ӏәӚӛӓӘәӜӐ әӏӛӑӊӴӞ ӓ ӛӊӒӌәӲӞ ӕәӘӕӞӛӐӘӝӜӕӐ ӚӛӐӏӘәӜӝӓ ӌӐӖӓӕӓӠ ӚӛӐӏӞӒӐӵӊ ңӊә ӣӝә ӓӗӊӲӞ ӚӛӐӏӘәӜӝӓ ӌӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ ӓӗӊӲӞ ӓ ӘӐӏәӜӝӊӝӕӐ ҨәӌӐӵӊӴӐ ӌӐӖӓӢӓӘӐ ӚӛӐӏӞӒӐӵӊ ӚӛӐӕә әӚӝӓӗӊӖӘӐ ӌӐӖӓӢӓӘӐ ӞӝӓӢӐ Әӊ ӛӊӜӝ ӚӛәӜӐӢӘӓӠ ӝӛәӣӕәӌӊ ӓ ӝӊ ӚәӲӊӌӊ ӜӐ ӘӊӒӓӌӊ ՋՏ՘ՌՑՕՔՕՓՏծՆ ՔՌՌՑՕՔՕՓՏծՆ

ՈՌՒՏ՞ՏՔՌ Ҫӊ ӚәӌӐӵӊӴӐӗ ӌӐӖӓӢӓӘӐ ӚӛӐӏӞӒӐӵӊ ӘӊӜӝӊӲӞ ӚӛәӋӖӐӗӓ ӕәәӛӏӓӘӊӡӓӲӐ ӓ ӕәӘӝӛәӖӐ ӓ әӌӓ ӚӛәӋӖӐӗӓ ӚәӜӝӊӲӞ ӜӌӐ ӌӐӵӓ ӕӊӕә ӜӐ ӚәӌӐӵӊӌӊӲӞ ӌӐӖӓӢӓӘӊ ӓ ӜӖәӑӐӘәӜӝ ӚӛӐӏӞӒӐӵӊ Ҫӊ ӛӊӜӝәӗ ӚӛӐӏӞӒӐӵӊ ӘӊӜӝӊӲӐ ӚӛәӋӖӐӗ ӕәәӛӏӓӘӊӡӓӲӐ ӞӜӖӐӏ әӍӛӊӘӓӢӐӘәӍ ӋӛәӲӊ ӚәӏӛӐӬӐӘӓӠ ӕәӲӐ ӲӐӏӊӘ ӗӐӘӊӸӐӛ ӗәӑӐ ӐӟӓӕӊӜӘә ӏӊ ӘӊӏӒӓӛӐ Ҙӕә ӞӜӖӐӏ ӛӊӜӝӊ ӚӛӐӏӞӒӐӵӊ ӜӝӌӊӛӘӓ ӋӛәӲ ӚәӏӛӐӬӐӘӓӠ ӚӛӐӗӊӣӓ ӋӛәӲ ӚәӏӛӐӬӐӘӓӠ ӕәӲӐ ӗӐӘӊӸӐӛ ӗәӑӐ Ӑӟӓӕӊ ӜӘә ӏӊ ӕәӘӝӛәӖӓӣӐ ӜӗӊӴӞӲӐ ӜӐ ӐӟӓӕӊӜӘәӜӝ ҝӊ ӜӐ ӝә ӘӐ Ӌӓ ӏәӍәӏӓӖә Ӟ ӚӛӐӏӞӒӐӵӞ ӕәӲӐ ӛӊӜӝӐ ӓ ӚәӌӐӵӊӌӊ ӋӛәӲ ӒӊӚәӜӖӐӘӓӠ ӗәӛӊ ӜӐ ӚәӌӐӵӊӝӓ ӋӛәӲ ӠӓӲӐӛӊӛӠӓӲӜӕӓӠ Әӓӌәӊ ҫӓӗӐ ӜӐ ӚәӌӐӵӊӌӊ ӜӖәӑӐӘәӜӝ әӛӍӊӘӓӒӊӡӓәӘӐ ӜӝӛӞӕӝӞӛӐ ӚӛӐӏӞӒӐӵӊ ӓ ӞӏӊӳӐӘәӜӝ ӗӐӘӊӸӐӛӊ әӏ ӚӛәӡӐӜӊ ӛӊӏӊ ӓ ӛӊӏӘӓӕӊ әӏ ӏәӘәӜӓәӡӊ әӏӖӞӕӊ Ӝӊ ӋӛәӲӘӓӗ ӗәӍӞӵӓӗ ӚәӜӖӐӏӓӡӊӗӊ Әӊ ӝәӕәӌӐ ӓӘӟәӛӗӊӡӓӲӊ ӓ ӐӟӓӕӊӜӘәӜӝ ӚӛӐӏӞӒӐӵӊ ҡӒӗӐӬӞ әӜӝӊӖәӍ ӝә ӚӛәӏӞӑӊӌӊ ӝәӕәӌӐ ӓӘӟәӛӗӊӡӓӲӊ ӣӝә ӚәӌӐӵӊӌӊ ӗәӍӞӵӘәӜӝ

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Предузеће

ӒӊӜӝәӲӊ ӘӐӝӊӢӘәӍ ӚӛӐӘәӣӐӴӊ ӓ ӖәӣӐӍ ӛӊӒӞӗӐӌӊӴӊ Ӛӛӓ ӚӛӐӘәӣӐӴӞ ӓӘӟәӛӗӊӡӓӲӊ ҨӛӐӖӊӒӊӕ ӐӕәӘәӗӓӲӐ ӌӐӖӓӢӓӘӐ Ӟ ӏӓӜӐӕәӘәӗӓӲӞ ӌӐӖӓӢӓӘӐ ӏӐӟӓӘӓӣӐ әӚӝӓӗӊӖӘӞ ӌӐӖӓӢӓӘӞ ӚӛӐӏӞӒӐӵӊ ӕӊә ӌӐӖӓӢӓӘӞ ӚӛӐӏӞӒӐӵӊ ӕӊӏӊ ӜӞ ӴӐӍәӌӓ ӚӛәӜӐӢӘӓ ӝӛәӣӕәӌӓ ӗӓӘӓӗӊӖӘӓ ҧӚӝӓӗӊӖӘӊ ӌӐӖӓӢӓӘӊ ӚӛӐӏӞӒӐӵӊ ӘӓӲӐ ӓӜӝӊ Ӓӊ Ӝӌӊ ӚӛӐӏӞӒӐӵӊ ӓ ӒӊӌӓӜӓ әӏ ӝӐӠӘәӖә ӣӕӓӠ ӟӊӕӝәӛӊ ӓ ӝӛӑӓӣӝӊ ҧӏ ӝӐӠӘәӖәӣӕӓӠ ӟӊӕӝәӛӊ Әӊ ӌӐӖӓӢӓӘӞ ӚӛӐӏӞӒӐӵӊ ӞӝӓӢӐ ӚӛӐ ӜӌӐӍӊ ӝӓӚ ӝӐӠӘәӖәӍӓӲӐ ҨӛәӡӐӜӘӊ ӝӐӠӘәӖәӍӓӲӊ ӏӊ Ӌӓ ӋӓӖӊ ӐӟӓӕӊӜӘӊ ӒӊӠӝӐӌӊ ӌӐӵӊ ӞӖӊӍӊӴӊ әӏ ӗӐӠӊӘӓӢӕӐ ӝӐӠӘәӖәӍӓӲӐ ӓ ӝә ӲӐ ӛӊ ӒӖәӍ ӣӝә ӜӞ Әӊ ӚӛӓӗӐӛ ӛӊӟӓӘӐӛӓӲӐ ӘӊӟӝӐ ӡӐӗӐӘӝӊӛӐ ӓӖӓ ӟӊӋӛӓӕӐ ӋӊӒӘӐ ӠӐӗӓӲӐ ӌӐӵӐ әӏ ӝӐӕӜӝӓӖӘӓӠ ӚӛӐӏӞӒӐӵӊ ӓӖӓ ӚӛӐӏӞӒӐӵӊ Ӓӊ ӚӛәӓӒӌәӏӴӞ ӘӊӗӐӣӝӊӲӊ ҥӐӬӞӝӓӗ ӝӐӕ ӊӕә Әӊ ӝӛӑӓӣӝӞ ӚәӜӝәӲӓ ӏәӌәӳӘӊ ӝӛӊӑӴӊ Ӓӊ ӚӛәӓӒӌәӏӓӗӊ ӚӛӐӏӞӒӐӵӊ ӚӛӐӏӞӒӐӵӐ ӵӐ ӓӗӊӝӓ ӌӐӖӓӢӓӘӞ ӕәӲӞ әӏӛӐӬӞӲӞ ӝӐӠӘәӖәӣӕӓ ӟӊ ӕӝәӛӓ Ҙӕә ӲӐ ӝӛӊӑӴӊ Ӓӊ ӚӛәӓӒӌәӏӓӗӊ ӚӛӐӏӞӒӐӵӊ ӗӊӴӊ әӏ әӋӓӗӊ ӚӛәӓӒӌәӏӴӐ ӕәӲӓ ӚӛӐӏӞӒӐӵӞ әӗәӍӞӵӊӌӊ ӗӓӘӓӗӊӖӘӐ ӚӛәӜӐӢӘӐ ӝӛәӣӕәӌӐ ӌӐӖӓӢӓӘӊ ӚӛӐӏӞӒӐӵӊ ӵӐ Ӌӓӝӓ ӗӊӴӊ әӏ әӘӐ ӕәӲӞ әӏӛӐӬӞӲӞ ӝӐӠӘәӖәӣӕӓ ӟӊ ӕӝәӛӓ ҨӛӐӗӊ ӝәӗӐ әӜӘәӌӘӊ ӏӐӝӐӛӗӓӘӊӘӝӊ әӚӝӓӗӊӖӘӐ ӌӐӖӓӢӓӘӐ ӚӛӐӏӞӒӐӵӊ ӲӐ ӌӐӖӓӢӓӘӊ ӝӛӑӓӣӝӊ ҨәӖӊӒӐӵӓ әӏ ӕәӖӓӢӓӘӐ ӚӛәӓӒӌәӏӊ ӕәӲӊ ӜӐ ӗәӑӐ Ӛӛәӏӊӝӓ Әӊ ӝӛӑӓӣӝӞ әӏӛӐӬӞӲӐ ӜӐ ӌӐӖӓӢӓӘӊ ӚӛӐӏӞӒӐӵӊ ӕәӲӐ әӗәӍӞӵӊӌӊ ӚӛәӓӒӌәӏӴӞ ӝӛӊӑӐӘӐ ӕәӖӓӢӓӘӐ ӚӛәӓӒӌәӏӊ Ӝӊ ӗӓӘӓӗӊӖӘӓӗ ӚӛәӜӐӢӘӓӗ ӝӛәӣӕәӌӓӗӊ ԖՌՒՏՑՆ Ֆ՗ՌՋ՚ՎՌձՆ ՔՆ՘ՙՆծ՚ ӚәӌӐӵӊӴӐӗ әӋӓӗӊ ӓ ӣӓӛӐӴӐӗ ӊӕӝӓӌӘәӜӝӓ әӏӘәӜӘә ӓӘӝӐӛӘӓӗ ӛӊӜӝәӗ ӚӛӐӏӞӒӐӵӊ ӓӖӓ ӟӞӒӓӲәӗ ӏӌӊ ӓӖӓ ӌӓӣӐ ӚӛӐӏӞӒӐӵӊ әӏӘәӜӘә ӐӕӜӝӐӛӘӓӗ ӛӊ Ӝӝәӗ ӚӛӐӏӞӒӐӵӊ ԝՔՙՌ՗ՔՏ ՗Ն՘ՙ әӜӝӌӊӛӞӲӐ ӜӐ ӛӊӒӌәӲӐӗ ӜәӚӜӝӌӐӘӓӠ ӕӊӚӊӡӓӝӐӝӊ ӚӛӐӏӞӒӐӵӊ ӕӊә ӣӝә ӲӐ ӓӘӌӐӜӝӓӛӊӴӐ Ӟ ӓӒӍӛӊӏӴӞ ӘәӌӐ ӟӊӋӛӓӕӐ ӓӖӓ ӛӊӒӌәӲӐӗ ӚӛәӓӒӌәӏӊ ӚӛӐӏӞӒӐӵӊ ԩ՚ՎՏծՆ ӜӐ ӗәӑӐ әӜӝӌӊӛӓӝӓ ӜӚӊӲӊӴӐӗ ӓӖӓ ӚӛӓӚӊӲӊӴӐӗ ӚӛӐӏӞӒӐӵӊ ҪӚӊӲӊӴӐӗ ӏӌӊ ӓӖӓ ӌӓӣӐ ӚӛӐӏӞӒӐӵӊ ӘӊӜӝӊӲӐ Әәӌә ӊ ӚӛӐӏӞӒӐӵӊ ӕәӲӊ ӜӐ ӜӚӊӲӊӲӞ ӍӞӋӐ ӚӛӊӌӘӓ ӜӞӋӲӐӕӝӓӌӓӝӐӝ ӓ ӚӛӐӘәӜӐ ӜӌәӲӊ Ӛӛӊӌӊ ӓ әӋӊӌӐӒӐ Әӊ ӘәӌәӘӊӜӝӊӖә ӚӛӐӏӞ-

ӒӐӵӐ ҨӛӓӚӊӲӊӴӐӗ ӲӐӏӘәӍ ӚӛӐӏӞӒӐӵӊ ӏӛӞӍәӗ ӚӛӐӏӞӒӐӵӐ ӕәӲӐ ӜӐ ӚӛӓӚӊӲӊ ӍӞӋӓ ӚӛӊӌӘӓ ӜӞӋӲӐӕӝӓӌӓӝӐӝ ӓ ӚӛӐӘәӜӓ ӜӌәӲӊ Ӛӛӊӌӊ ӓ әӋӊӌӐӒӐ Әӊ ӚӛӐӏӞӒӐӵӐ Ӝӊ ӕәӲӓӗ ӜӐ ӜӚӊӲӊ ԝՔՙՌ՗ՔՏ Տ ՌՑ՘ՙՌ՗ՔՏ ՗Ն՘ՙ ՓՕՉ՚ ՇՏՙՏ ӠәӛӓӒәӘӝӊӖӘӓ ӌӐӛӝӓӕӊӖӘӓ ӓӖӓ ӕәӘӍӖәӗӐӛӊӝӜӕӓ ԪՕ՗ՏՎՕՔՙՆՒՔՏ ՗Ն՘ՙ әӜӝӌӊӛӞӲӐ ӜӐ Ӟ әӕӌӓӛӞ ӚәӜӝәӲӐӵӐ ӏӐӖӊӝӘәӜӝӓ ҫӊӕә ӜӚӊӲӊӴӐ ӏӌӊ ӚӛӐӏӞӒӐӵӊ ӕәӲӊ ӚӛәӓӒӌәӏӐ ӓӜӝӐ ӓӖӓ ӜӖӓӢӘӐ ӚӛәӓӒӌәӏӐ ӲӐӜӝӐ ӠәӛӓӒәӘӝӊӖӘӓ ӛӊӜӝ ӚӛӐӏӞӒӐӵӊ ԖՌ՗ՙՏՑՆՒՔՏ ՗Ն՘ՙ ӜӐ әӜӝӌӊӛӞӲӐ ӞӕӳӞӢӓӌӊӴӐӗ Ӟ ӚӛӐӏӞӒӐӵӐ ӌӓӣӐ ӓӖӓ ӘӓӑӐ ӟӊӒӐ ӚӛәӓӒӌәӏӘә ӚӛәӗӐӝӘәӍ ӚӛәӡӐӜӊ ӋӓӖә ӏӊ ӜӐ ӝә әӜӝӌӊӛӞӲӐ ӣӓӛӐӴӐӗ ӏӐӖӊӝӘәӜӝӓ ӚәӜӝә ӲӐӵӐӍ ӚӛӐӏӞӒӐӵӊ ӋӓӖә ӚӛӓӚӊӲӊӴӐӗ ӓӖӓ ӜӚӊӲӊӴӐӗ Ӝӊ ӚӛӐӏӞӒӐӵӓӗӊ ӓӒ ӏӛӞӍӓӠ ӚӛӓӌӛӐӏӘӓӠ ӍӛӊӘӊ Ҙӕә ӚӛӐӏӞӒӐӵӐ ӣӓӛӓ ӜӌәӲӞ ӏӐӖӊӝӘәӜӝ ӞӕӳӞӢӓӌӊӴӐӗ ӘӓӑӓӠ ӟӊӒӊ ӚӛәӓӒӌәӏӘә ӚӛәӗӐӝӘәӍ ӚӛәӡӐӜӊ ӝӊӕӊӌ ӛӊӜӝ ӜӐ ӘӊӒӓӌӊ ӌӐӛӝӓӕӊӖӘӓ ӛӊӜӝ ӞӘӊӒӊӏ ӊ ӊӕә ӣӓӛӓ ӜӌәӲӞ ӏӐӖӊӝӘәӜӝ ӝӊӕә ӣӝә ӞӕӳӞӢӞӲӐ ӌӓӣӐ ӟӊӒӐ ӚӛәӓӒӌәӏӘә ӚӛәӗӐӝӘәӍ ӚӛәӡӐӜӊ ӝӊӕӊӌ ӛӊӜӝ ӘӊӒӓӌӊ ӜӐ ӌӐӛ ӝӓӕӊӖӘӓ ӛӊӜӝ ӞӘӊӚӛӐӏ ҫӊӕә ӛӊӜӝ ӞӘӊӒӊӏ ӘӊӜӝӊӲӐ ӊӕә ӜӐ ӚӛәӓӒӌәӏӘә ӚӛӐӏӞӒӐӵӐ ӜӚәӲӓ Ӝӊ ӚӛәӓӒӌәӬӊӢӐӗ ӜӌәӲӓӠ ӜӓӛәӌӓӘӊ ӊ ӊӕә ӜӐ ӝә ӚӛӐӏӞӒӐӵӐ ӜӚәӲӓ Ӝӊ ӏӓ Ӝ ӝӛӓӋӞӝӐӛәӗ ӜӌәӲӓӠ ӚӛәӓӒӌәӏӊ әӘӏӊ ӲӐ ӝә ӛӊӜӝ ӞӘӊӚӛӐӏ ԟՕՔՉՒՕՓՌ՗Նՙ՘ՑՏ ՗Ն՘ՙ ӲӐ ӣӓӛӐӴӐ ӊӕӝӓӌӘәӜӝӓ ӚӛӐӏӞӒӐӵӊ Әӊ ӏӐӖӊӝӘәӜӝӓ ӕәӲӐ ӘӓӜӞ Әӓ ӠәӛӓӒәӘӝӊӖӘә Әӓ ӌӐӛӝӓӕӊӖӘә ӚәӌӐӒӊӘӐ Ӝӊ ӴӐӍәӌәӗ ӏәӝӊӏӊӣӴәӗ ӏӐӖӊӝӘәӣӵӞ ҫӊӕә ӊӕә ӚӛӐӏӞӒӐӵӐ ӓӒ ӗӊӣӓӘӜӕӐ ӓӘӏӞӜӝӛӓӲӐ ӓӘӌӐӜӝӓӛӊ ӜӛӐӏӜӝӌӊ Ӟ ӓӒӍӛӊӏӴӞ ӟӊӋӛӓӕӐ ӌәӵӘӓӠ Ӝәӕәӌӊ әӘә ӕәӘӍӖәӗӐӛӊӝӜӕӓ ӣӓӛӓ ӜӌәӲӞ ӏӐӖӊӝӘәӜӝ

ҨҡҫҘӂҘ ҡ ҠҘҝҘүҡ

ұ ӝӊ ӲӐ ӐӕәӘәӗӓӲӊ ӌӐӖӓӢӓӘӐ ӓ ӕӊӕә ӜӐ ӐӟӐӕӝӓ ӐӕәӘәӗӓӲӐ ӌӐӖӓӢӓӘӐ ӓӜӚәӳӊӌӊӲӞ Ӟ ӌӐӖӓӕӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ұӝӊ ӲӐ ӏӓӜӐӕәӘәӗӓӲӊ ӌӐӖӓӢӓӘӐ ӓ Ӓӊӣӝә ӜӐ әӘӊ Ӳӊӌӳӊ Ӟ ӌӐӖӓӕӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ңӊӕә ӋӓӜӝӐ әӏӛӐӏӓӖӓ әӚӝӓӗӊӖӘӞ ӌӐӖӓӢӓӘӞ ӚӛӐӏӞӒӐӵӊ ӓ әӏ ӕәӲӓӠ ӟӊӕӝәӛӊ әӘӊ ӒӊӌӓӜӓ

Подела предузећа

ңӊә ӘӊӜӝӊӲӞ ӌӐӖӓӕӊ ӚӛӐӏӞӒӐӵӊ ұӝӊ ӚәӕӊӒӞӲӐ ӛӊӡӓә ӘӊӚӛӐӝӕӊ ңӊӕә ӜӐ ӓӒӛӊӢӞӘӊӌӊ

5.3. ПРИВРЕДНА ДРУШТВА ҨӛӐӗӊ ҠӊӕәӘӞ ә ӚӛӓӌӛӐӏӘӓӗ ӏӛӞӣӝӌӓӗӊ Ӟ ӘӊӣӐӗ ӚӛӓӌӛӐӏӘәӗ ӜӓӜӝӐӗӞ ӚәӜӝәӲӐ ӢӐӝӓӛӓ ӌӛӜӝӐ ӚӛӓӌӛӐӏӘӓӠ ӏӛӞӣӝӊӌӊ әӛӝӊӢӕә ӕәӗӊӘӏӓӝӘә ӏӛӞӣӝӌә Ӝӊ әӍӛӊӘӓӢӐӘәӗ әӏӍәӌәӛӘәӣӵӞ ӓ ӊӕӡӓәӘӊӛӜӕә ӏӛӞӣӝӌә ҫә ӜӞ ӢӐ ӝӓӛӓ ӜӝӊӘӏӊӛӏӘӊ әӋӖӓӕӊ ӚӛӓӌӛӐӏӘӓӠ ӏӛӞ ӣӝӊӌӊ ӕәӲӓ ӚәӜӝәӲӐ Ӟ Ӝӌӓӗ ӒӐӗӳӊӗӊ ӛӊӒӌӓӲӐӘӐ ӝӛӑӓӣӘӐ ӚӛӓӌӛӐӏӐ ҧӛӝӊӢӕә ӏӛӞӣӝӌә ԣ՗ՙՆ՞ՑՕ Ջ՗՚՟ՙՈՕ ӚӛӐӏӜӝӊӌӳӊ ӌӛӜӝӞ ӚӛӐӏӞӒӐӵӊ Ӟ ӟәӛӗӓ ӚӛӓӌӛӐӏӘәӍ ӏӛӞӣӝӌӊ Ӟ ӕәӗӐ ӢӖӊӘәӌӓ ӏӛӞӣӝӌӊ әӛӝӊӡӓ ӚӊӛӝӘӐӛӓ ӏӛӞӍӊӛӓ әӏӍәӌӊӛӊӲӞ Ӓӊ әӋӊӌӐӒӐ ӏӛӞӣӝӌӊ ӘӐәӍӛӊӘӓӢӐӘә ӓ ӜәӖӓӏӊӛӘә ӡӐӖәӕӞӚӘәӗ ӜӌәӲәӗ ӓӗәӌӓӘәӗ ҦӊӜӝӊӲӐ ӜӚәӛӊӒӞӗәӗ ӏӌӊ ӓӖӓ ӌӓӣӐ ӟӓӒӓӢӕӓӠ ӓӖӓ ӚӛӊӌӘӓӠ Ӗӓӡӊ ә ӓӒӘәӜӞ ӴӓӠәӌәӍ ӚәӲӐӏӓӘӊӢӘәӍ ӏәӚӛӓӘәӜӊ ӟәӛӗӓӛӊӴӞ ӕӊӚӓӝӊӖӊ ӏӛӞӣӝӌӊ ӞӢӐӣӵӞ Ӟ ӞӚӛӊӌӳӊӴӞ ӏӛӞӣӝӌәӗ ӘӊӢӓӘӞ ӛӊӜӚәӏӐӖӐ ӏәӋӓӝӓ ӓ ӜӘәӣӐӴӞ ӍӞӋӓӝӊӕӊ әӏ ӚәӜӖәӌӊӴӊ ӓ ӏӛӞӍӓӗ ӋӓӝӘӓӗ ӚӓӝӊӴӓӗӊ Ҩә ӜӌәӲӓӗ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊӗӊ әӛӝӊӢӕә ӏӛӞӣӝӌә ՚Շ՗ՆծՆ ՘Ռ ՚ Ջ՗՚՟ՙՈՆ ՒՏ՝Ն ӣӝә ӒӘӊӢӓ ӏӊ Ӎӊ әӏӖӓӕӞӲӞ ӚӐӛӜәӘӊӖӘӊ ӖӓӢӘӊ

ӜӌәӲӜӝӌӊ ӚәӒӘӊӘӜӝӌә ӓ ӚәӌӐӛӐӴӐ ӢӖӊӘәӌӊ Ҧӊ әӌӓӗ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊӗӊ ӏӛӞӣӝӌӊ ӚәӢӓӌӊ ӜәӖӓӏӊӛӘӊ ӓ ӘӐәӍӛӊӘӓӢӐӘӊ әӏӍәӌәӛӘәӜӝ ӜӌӓӠ ӢӖӊӘәӌӊ Ӓӊ әӋӊӌӐӒӐ ӏӛӞӣӝӌӊ ӕӊә ӓ Ӣӓӝӊӌ ӘӓӒ ӜӚӐӡӓӟӓӢӘәӜӝӓ Ӟ ӛӐӍӞӖӓӜӊӴӞ әӏӘәӜӊ ӓӒӗӐӬӞ ӢӖӊӘәӌӊ ӏӛӞӣӝӌӊ ҨӛӐ ӜӌӐӍӊ Ӟ ӜӕӖӊӏӞ Ӝӊ ӚӛӓӘӡӓӚәӗ ӜӖәӋәӏӐ ӞӍәӌӊӛӊӴӊ әӛӝӊӡӓ ӜӌәӲӐ ӗӐӬӞӜәӋӘӐ әӏӘәӜӐ ӕӊә ӓ әӏӘәӜӐ Ӝӊ әӛӝӊӢӕӓӗ ӏӛӞӣӝӌәӗ ӞӛӐӬӞӲӞ ӜӖәӋәӏӘә ҨӐӛӜәӘӊӖӘӊ ӜӌәӲӜӝӌӊ ӏӛӞӣӝӌӊ ӞӜӖәӌӳӊӌӊӲӞ ӏӊ ӜӐ Ӓӊ ӞӜӝӞӚӊӴӐ ӞӏӐӖӊ ӝӛӐӵӓӗ Ӗӓӡӓӗӊ ӝӛӊӑӓ ӜӊӍӖӊӜӘәӜӝ ӜӌӓӠ ӢӖӊӘәӌӊ Ӝӗӛӝ ӚәӜӖәӌӘӊ

29

ӘӐӜӚәӜәӋӘәӜӝ ӢӖӊӘәӌӊ ӓ ӜӖӓӢӘә Ӛә ӚӛӊӌӓӖӞ ӌәӏӐ ӚӛӐӜӝӊӘӕӞ ӏӛӞӣӝӌӊ Ӟ ӞӚӛӊӌӳӊӴӞ ӏӛӞӣӝӌәӗ ӞӢӐӜӝӌӞӲӞ Ӛә ӚӛӊӌӓӖӞ Ӝӌӓ ӢӖӊӘәӌӓ ӓӝӏ ҧӜӘӓӌӊӢӕӊ ӜӛӐӏӜӝӌӊ ӏӛӞӣӝӌӊ ӟәӛӗӓӛӊӲӞ ӜӐ әӏ ӞӖәӍӊ әӛӝӊӕӊ m әӜӘӓӌӊӢӊ ӕәӲӓ ӗәӍӞ Ӌӓӝӓ Ӟ ӘәӌӡӞ Ӝӝӌӊӛӓӗӊ ӓ Ӛӛӊӌӓӗӊ ӓӒӛӊӑӐӘӓӗ Ӟ ӘәӌӢӊӘәӲ ӌӛӐӏӘәӜӝ ҧӌӓӗ ӞӖәӒӓӗӊ ӟәӛӗӓӛӊ ӜӐ ӓӗәӌӓӘӊ әӏӘәӜӘә ӍӖӊӌӘӓӡӊ ӏӛӞӣӝӌӊ ҠӊӕәӘ ӘӐ ӚӛәӚӓӜӞӲӐ ӗӓӘӓӗӊӖӘӓ ӓӒӘәӜ ӍӖӊӌӘӓӡӐ ӏӛӞӣӝӌӊ ҨәӛӐӏ ӗӊӝӐӛӓӲӊӖӘӓӠ ӌӛӐӏӘәӜӝӓ ӗәӍӞӵӐ ӲӐ ӏӊ ӜӐ ӞӖәӍ Ӟ ӏӛӞӣӝӌә ӜӊӜӝәӲӓ ӓ Ӝӊӗә ӓӒ ӛӊӏӊ ӓӖӓ ӞӜӖӞӍӊ ӕәӲӓ ӜӞ ӓӒӌӛӣӐӘӓ ӓӖӓ ӝӛӐӋӊ ӏӊ ӋӞӏӞ ӓӒӌӛӣӐӘӓ ҬӖәӒӓ әӛӝӊӕӊ ӜӞ ӲӐӏӘӊӕӐ ӌӛӐӏӘәӜӝӓ ӊӕә ӘӓӲӐ ӏӛӞӍӊӢӓӲӐ ӞӍәӌәӛӐӘә ӀӐӏӘӊӕәӜӝ ӞӖәӍӊ ӢӖӊӘәӌӊ ӚәӜӖӐӏӓӡӊ ӲӐ ӘӊӍӖӊӣӐӘӓӠ ӚӐӛӜәӘӊӖӘӓӠ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊ әӛӝӊӢӕәӍ ӏӛӞӣӝӌӊ әӏӘәӜӘә ӢӓӴӐӘӓӡӐ ӏӊ ӜӐ Ӟ әӛӝӊӢӕәӗ ӏӛӞӣӝӌӞ әӏӖӞӢӞӲӐ Ӛә ӚӛӓӘӡӓӚӞ tӲӐӏӊӘ ӢәӌӐӕ ӲӐӏӊӘ ӍӖӊӜu ӊ ӘӐ ӜӛӊӒӗӐӛӘә ӞӢӐӣӵӞ әӛӝӊӕӊ Ӟ ӕӊӚӓӝӊӖӞ ӏӛӞӣӝӌӊ ҡӗәӌӓӘӊ әӛӝӊӢӕәӍ ӏӛӞӣӝӌӊ ӗәӑӐ ӜӐ Ӝ ӌӛӐӗӐӘәӗ ӚәӌӐӵӊӌӊӝӓ Әӊ ӛӊӒӖӓӢӓӝӐ ӘӊӢӓӘӐ m ӞӕӳӞӢӓӌӊӴӐӗ ӏәӋӓӝӓ әӏ ӚәӜӖәӌӊӴӊ Ӟ ӍӖӊ ӌ ӘӓӡӞ ӏӛӞӣӝӌӊ Әәӌӓӗ ӞӖәӒӓӗӊ ӜӝӌӊӛӊӴӐӗ ӛӐӒӐӛӌӘәӍ ӟәӘӏӊ әӏ ӘӐӚәӏӐӳӐӘӐ ӏәӋӓӝӓ ӊӟӓӛӗӊӡӓӲәӗ Ӛӛӊӌӊ ӓӘӏӞӜӝӛӓӲӜӕӐ ӜӌәӲӓӘӐ HPP‫ٿ‬XJMM ӟӓӛӗӊ ӒӘӊӕ ӓ ӑӓӍ ӏӛӞ ӣӝӌӊ ӓӝӏ ҝәӋӓӝӊӕ ӓ ӍӞӋӓӝӊӕ әӛӝӊӢӕәӍ ӏӛӞӣӝӌӊ ӛӊ ӜӚәӛӐӬӞӲӞ ӜӐ әӛӝӊӡӓӗӊ ӏӛӞӣӝӌӊ Әӊ ӲӐӏӘӊӕӐ ӏӐӖәӌӐ ӊ ӓӜӝӓ ӕӛӓӝӐӛӓӲӞӗ ӜӐ ӚӛӓӗӐӴӞӲӐ Ӛӛӓ Ӗӓӕәӗ ӛӊӜӚәӏӐӖӐ ӢӓӜӝӐ ӓӗәӌӓӘӐ ӏӛӞ ӣӝӌӊ Ӛә ӴӐӍәӌәӲ ӖӓӕӌӓӏӊӡӓӲӓ ӛӐӍӞӖӓӜӊӴӞ ӓӗәӌӓӘӜӕӓӠ әӏӘәӜӊ Ӝӊ ӢӖӊӘәӌӓӗӊ ӕәӲӓ ӜӞ ӓӜӕӳӞӢӐӘӓ ӓӒ ӏӛӞӣӝӌӊ ӓӖӓ ӕәӲӓ ӘӊӚӞ ӣӝӊӲӞ ӏӛӞӣӝӌә ҨӛӐӘәӣӐӴӐ ӞӏӐӖӊ ӓӒӗӐӬӞ әӛӝӊӕӊ әӛӝӊӢӕәӍ ӏӛӞӣӝӌӊ ӲӐ ӜӖәӋәӏӘә ӊӖӓ ӊӕә ӜӐ ӞӏӐә Ӛӛә ӏӊӲӐ ӝӛӐӵӐӗ ӖӓӡӞ ӘӐәӚӠәӏӘӊ ӲӐ ӜӊӍӖӊ ӜӘәӜӝ ӜӌӓӠ әӜӝӊӖӓӠ әӛӝӊӕӊ ӊӕә ӞӍәӌәӛәӗ ә әӜӘӓӌӊӴӞ ӘӓӲӐ ӏӛӞӍӊӢӓӲӐ әӏӛӐӬӐӘә ңӊӕә әӛӝӊӢӕә ӏӛӞӣӝӌә ӓӗӊ ӓӒӛӊӒӓӝӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӏӛӞӣӝӌӊ Ӗӓӡӊ Ӟ әӏӖӞӢӓӌӊӴӞ Ӟ ӏӛӞӣӝӌӞ ӞӢӐӜӝӌӞӲӞ Ӝӌӓ әӛӝӊӡӓ ҬӚӛӊӌӳӊӴӐ әӛӝӊӢӕӓӗ ӏӛӞӣӝӌәӗ ӜӌӓӠ әӛӝӊӕӊ әӖӊӕӣӊӘә

30

Предузеће

ӲӐ ӢӓӴӐӘӓӡәӗ ӏӊ әӌӊӲ ӝӓӚ ӏӛӞӣӝӌӊ ӞӍӖӊӌӘәӗ ӓӗӊ ӗӊӖӓ ӋӛәӲ ӢӖӊӘәӌӊ Ҙӕә ӊӕӝәӗ ә әӜӘӓӌӊӴӞ ӓӖӓ ӞӍәӌәӛәӗ әӛӝӊӕӊ ӘӓӲӐ ӏӛӞӍӊӢӓӲӐ ӚӛӐӏӌӓӬӐӘә ӚәӜӖәӌӐ ӏӛӞӣӝӌӊ ӌәӏӐ Ӝӌӓ әӛӝӊӡӓ ҥӐӬӞӝӓӗ әӜӘӓӌӊӢӕӓӗ ӊӕӝәӗ ӓӖӓ ӞӍәӌәӛәӗ әӛӝӊӕӊ ӌәӬӐ ӴӐ ӚәӜӖәӌӊӴӊ ӏӛӞӣӝӌӊ ӗәӑӐ ӜӐ ӚәӌӐӛӓӝӓ ӲӐӏӘәӗ әӛӝӊӕӞ ӘӐӕәӖӓӡӓӘӓ әӛӝӊӕӊ ӚәӜӐӋӘәӗ әӛӍӊӘӞ ӓӖӓ ӝӛӐӵӐӗ ӖӓӡӞ ӚӛәӟӐӜӓәӘӊӖӘәӗ ӗӐӘӊӸӐӛӞ ӕәӲӓ ӘӓӲӐ ӢӖӊӘ ӏӛӞӣӝӌӊ m ӚӛәӕӞӛӓӜӝӓ ҨӛӐӏӘәӜӝ әӌәӍ әӋӖӓӕӊ ӚӛӐӏӞӒӐӵӊ Ӟ ӚәӛӐӬӐӴӞ Ӝӊ ӚӛӐӏӞӒӐӵӓӗӊ ӕәӲӓ ӓӗӊӲӞ ӲӐӏӘәӍ ӌӖӊӜӘӓӕӊ ӲӐӜӝӐ Ӟ ӖӊӕӣӐӗ әӋӐӒӋӐӬӐӴӞ ӕӊӚӓӝӊӖӊ Ӓӊ ӛӊӜӝ ӓ ӛӊӒӌәӲ Ӛәӣӝә ӜӐ ӕӊӚӓӝӊӖ ӗәӑӐ әӋӐӒӋӐӏӓӝӓ ӞӏӛӞӑӓӌӊӴӐӗ ӞӖәӍӊ ӌӓӣӐ Ӗӓӡӊ ҧӜӓӗ ӝәӍӊ ӚӛӐӏӘәӜӝ ӲӐ Ӟ ӗәӍӞӵӘәӜӝӓ ӚӛӐӘәӣӐӴӊ ӏӐӖӊ әӏӍәӌәӛӘәӜӝӓ ӓ ӛӊӏӘӓӠ ӘӊӚәӛӊ Ӝӊ ӚәӲӐӏӓӘӡӊ Әӊ ӌӓӣӐ ӢӖӊӘәӌӊ әӛӝӊӢӕәӍ ӏӛӞ ӣӝӌӊ ҨәӌӐӵӊӴӐӗ ӋӛәӲӊ ӢӖӊӘәӌӊ әӛӝӊӢӕәӍ ӏӛӞӣӝӌӊ ӜӝӌӊӛӊӲӞ ӜӐ ӗәӍӞӵӘәӜӝӓ Ӓӊ ӜӚӐӡӓӲӊӖӓӒӊӡӓӲӞ ӛӊӏӊ ӚәӲӐӏӓӘӓӠ ӢӖӊӘәӌӊ ӏӛӞӣӝӌӊ ӣӝә ӲӐ әӏ ӚәӜӐӋӘәӍ ӒӘӊӢӊӲӊ Ӓӊ ӏӛӞӣӝӌӊ ӕәӲӊ ӚӛӞӑӊӲӞ ӚӛәӟӐӜӓәӘӊӖӘӐ ӓӘӝӐӖӐӕӝӞӊӖӘӐ ӞӜӖӞ ӍӐ ӖӐӕӊӛӜӕӐ әӛӏӓӘӊӡӓӲӐ ӊӏӌәӕӊӝӜӕӐ ӕӊӘӡӐӖӊӛӓӲӐ ӕәӘӜӞӖӝӊӘӝӜӕӐ ӟӓӛӗӐ ӓ ӜӖ

ҧӜӘәӌӘӓ ӘӐӏәӜӝӊӝӊӕ әӌәӍ ӏӛӞӣӝӌӊ ӲӐӜӝӐ ӘӐәӍӛӊӘӓӢӐӘӊ әӏӍәӌәӛӘәӜӝ әӛӝӊӕӊ Ӓӊ әӋӊӌӐӒӐ ӏӛӞӣӝӌӊ ҦӐәӍӛӊӘӓӢӐӘӊ әӏӍәӌәӛӘәӜӝ ӚӛӐӏӜӝӊӌӳӊ әӜӘәӌӘӞ ӚӛӐӚӛӐӕӞ ӒӘӊӢӊӲӘӓӲӐӗ ӚәӌӐӵӊӴӞ ӋӛәӲӊ ӢӖӊӘәӌӊ әӛӝӊӢӕәӍ ӏӛӞӣӝӌӊ ӓ Ӛә ӝәӲ әӜӘәӌӓ ӚәӌӐӵӊӴӊ ӕӊӚӓӝӊӖӊ ӏӛӞӣӝӌӊ ӲӐӛ ӜӐ Ӝӊ ӚәӌӐӵӊӴӐӗ ӋӛәӲӊ ӢӖӊӘәӌӊ ӚәӌӐӵӊӌӊ ӋӛәӲ Ӗӓӡӊ ӕәӲӊ ӗәӍӞ ӚӛӐӞӒӐӝӓ әӋӊӌӐӒӐ Ӓӊ ӕәӲӐ Ӝӌӊӕӓ ӢӖӊӘ ӏӛӞӣӝӌӊ әӏӍәӌӊӛӊ ӜӌәӲәӗ ӖӓӢӘәӗ ӓӗәӌӓӘәӗ ҫӓӗӐ ӜӐ ӚәӌӐӵӊӌӊ ӛӓӒӓӕ ӍӞӋӓӝӕӊ ӖӓӢӘӐ ӓӗәӌӓӘӐ ӜӌӊӕәӍ ӢӖӊӘӊ әӛӝӊӢӕәӍ ӏӛӞ ӣӝӌӊ ңӊӕә ӞӖәӒӓ ӘәӌӓӠ әӛӝӊӕӊ ӚӛӐӏӜӝӊӌӳӊӲӞ әӜӘәӌӘӓ ӓӒӌәӛ ӚәӌӐӵӊӴӊ ӕӊӚӓӝӊӖӊ ӚәӛӐӏ ӞӕӳӞӢӐӴӊ ӏәӋӓӝӓ Ӟ ӍӖӊӌӘӓӡӞ ӏӛӞӣӝӌӊ ӝә ӘӐӏәӜӝӊӡӓ ӕәӲӓ ӏәӖӊӒӐ ӏә ӓӒӛӊӑӊӲӊ Ӝӊ ӚәӌӐӵӊӴӐӗ ӋӛәӲӊ ӢӖӊӘәӌӊ ӏӛӞӣӝӌӊ ӚӛӐӏӜӝӊӌӳӊӲӞ ӛӐӊӖӘӞ ӚӛӐӚӛӐӕӞ ӚәӛӊӜӝӞ ӕӊӚӓӝӊӖӊ әӛӝӊӢӕәӍ ӏӛӞӣӝӌӊ әӏӘәӜӘә ӛӊӜӝӞ әӌәӍ әӋӖӓ

ӕӊ ӚӛӐӏӞӒӐӵӊ ҨәӛӐӏ ӝәӍӊ ӚәӌӐӵӊӴӐӗ Ӌӛә Ӳӊ ӢӖӊӘәӌӊ ӏӛӞӣӝӌә ӚәӜӝӊӲӐ ӍӖәӗӊӒӘә Ӓӊ ӐӟӓӕӊӜӘә ӚәӜӖәӌӊӴӐ ӲӐӛ Ӝӌӊӕӓ ӢӖӊӘ ӏӛӞ ӣӝӌӊ ӞӢӐӜӝӌӞӲӐ Ӟ ӞӚӛӊӌӳӊӴӞ ӏӛӞӣӝӌәӗ ӓӖӓ ӗӊӕӊӛ ӝӛӐӋӊ ӏӊ ӋӞӏӐ ӕәӘӜӞӖӝәӌӊӘ ә Ӝӌӓӗ ӋӓӝӘӓӗ ӚӓӝӊӴӓӗӊ ӚәӜӖәӌӊӴӊ ӏӛӞӣӝӌӊ ҠӘӊӢӊӲӊӘ ӘӐӏәӜӝӊӝӊӕ әӛӝӊӢӕәӍ ӏӛӞӣӝӌӊ ӚӛӐӏӜӝӊӌӳӊ ӓ ӴӐӍәӌӊ ӘӐӜӝӊӋӓӖӘәӜӝ ӕәӲӊ ӜӐ ӓӜӚә ӳӊӌӊ Ӟ ӚәӝӛӐӋӓ ӛӐәӛӍӊӘӓӒәӌӊӴӊ ӏӛӞӣӝӌӊ ӘӊӕәӘ Ӝӗӛӝӓ әӛӝӊӕӊ ӓӜӕӳӞӢӐӴӊ әӛӝӊӕӊ ӓӒ ӏӛӞӣӝӌӊ ӓӖӓ ӊӕә ӘӐӕӓ әӛӝӊӕ ӘӊӚӞӜӝӓ ӏӛӞӣӝӌә Ҭ әӏӘәӜӞ Әӊ ӕәӛӚәӛӊӝӓӌӘӐ әӋӖӓӕӐ ӚӛӐӏӞӒӐӵӊ ӚӛӐӏӘәӜӝ әӛӝӊӢӕәӍ ӏӛӞӣӝӌӊ ӲӐ Ӟ ӲӐӏӘәӜӝӊӌӘӓӲӐӗ ӓ ӋӛӑӐӗ ӚәӜӝӞӚӕӞ әӜӘӓӌӊӴӊ ӕӊә ӓ Ӟ ӗӊӴӐӗ ӜӝӐӚӐӘӞ ӏӛӞӣӝӌӐӘӐ ӕәӘӝӛәӖӐ ҪӌәӲӜӝӌә ӘӐәӍӛӊӘӓӢӐӘӐ әӏӍәӌәӛӘәӜӝӓ әӋӲӊ ӣӴӊӌӊ Ӓӊӣӝә ӜӞ әӛӝӊӢӕӊ ӏӛӞӣӝӌӊ әӍӛӊӘӓӢӐӘӊ Әӊ ӗӊӖӊ ӚӛӐӏӞӒӐӵӊ ӓ Әӊ ӳӞӏӐ ӗӐӬӞ ӕәӲӓӗӊ ӌӖӊӏӊ ӚәӜӐӋӘә ӚәӌӐӛӐӴӐ Ҭ ӘәӌӓӲӐ ӏәӋӊ әӌӊӲ әӋӖӓӕ ӏӛӞӣӝӌӊ Ӟ ӗӘәӍӓӗ ӒӐӗӳӊӗӊ ӞәӋӓӢӊӲӐӘ ӲӐ ӞӍӖӊӌӘәӗ Ӟ әӋӖӊӜӝӓ ӚӛәӟӐӜӓәӘӊӖӘӓӠ ӓӘӝӐӖӐӕӝӞӊӖӘӓӠ ӞӜӖӞӍӊ ӕӊә ӓ Ӟ ӏӐӖӊӝӘәӜӝӓӗӊ Ӟ ӕәӲӓӗӊ ӜӞ ӒӊӠӝӐӌӓ Ӓӊ ӕӊӚӓӝӊӖәӗ ӛӐӖӊӝӓӌӘә ӗӊӖӓ ӕӊә ӣӝә ӜӞ ӗӘәӍӐ ӞӜӖӞ ӑӘӐ ӏӐӖӊӝӘәӜӝӓ

ҨҡҫҘӂҘ ҡ ҠҘҝҘүҡ

ң әӲӓ ӜӞ әӜӘәӌӘӓ әӋӖӓӡӓ ӚӛӓӌӛӐӏӘӓӠ ӏӛӞӣӝӊӌӊ ңәӲӐ ӜӞ әӜӘәӌӘӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ әӛӝӊӢӕәӍ ӏӛӞӣӝӌӊ ҦӊӋӛәӲӝӐ ӓ әӋӲӊӜӘӓӝӐ әӜӘәӌӘӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӏӛӞӣӝӌӊ Ӗӓӡӊ ңәӲӐ ӜӞ ӚӛӐӏӘәӜӝӓ ӊ ӕәӲӓ ӘӐӏәӜӝӊӡӓ әӛӝӊӢӕәӍ ӏӛӞӣӝӌӊ

ңәӗӊӘӏӓӝӘә ӏӛӞӣӝӌә ԟՕՓՆՔՋՏՙՔՕ Ջ՗՚՟ՙՈՕ ӲӐ ӌӛӜӝӊ ӚӛӐӏӞӒӐӵӊ Ӟ ӟәӛӗӓ ӚӛӓӌӛӐӏӘәӍ ӏӛӞӣӝӌӊ ӕәӲӐ

Подела предузећа

әӜӘӓӌӊӲӞ ӏӌӊ ӓӖӓ ӌӓӣӐ ӟӓӒӓӢӕӓӠ ӓ ӓӖӓ ӚӛӊӌӘӓӠ Ӗӓӡӊ Ӟ ӜӌәӲӜӝӌӞ әӛӝӊӕӊ Ӓӊ әӋӊӌӳӊӴӐ әӏӛӐӬӐӘӐ ӚӛӓӌӛӐӏӘӐ ӏӐӖӊӝӘәӜӝӓ Ӛәӏ ӒӊӲӐӏӘӓӢӕӓӗ ӚәӜӖәӌӘӓӗ ӓӗӐӘәӗ ӟӓӛӗәӗ әӏ ӕәӲӓӠ ӘӊӲӗӊӴӐ ӲӐӏӘә ӖӓӡӐ әӏӍәӌӊӛӊ ӘӐәӍӛӊӘӓӢӐӘә Ӓӊ әӋӊӌӐӒӐ ӏӛӞӣӝӌӊ ӕәӗӚӖӐӗӐӘӝӊӛ

ӊ ӘӊӲӗӊӴӐ ӲӐӏӘә ӖӓӡӐ әӏӍәӌӊӛӊ әӍӛӊӘӓӢӐӘә ӏә ӌӓӜӓӘӐ ӜӌәӍ ӞӍәӌәӛӐӘәӍ ӞӖәӍӊ Ӟ ӏӛӞӣӝӌә ӕәӗӊӘӏӓӝәӛ

ңәӗӊӘӏӓӝӘә ӏӛӞӣӝӌӊ ӓӗӊ ՋՈՌ Ո՗՘ՙՌ Օ՗ՙՆՑՆ ՘Ն ՇՏՙՔՕ ՗ՆՎՒՏ՞ՏՙՏՓ Ֆ՗ՆՈՏՓՆ Տ ՕՇՆՈՌՎՆՓՆ Ҩӛӌӊ ӌӛӜӝӊ әӛӝӊӕӊ ӜӞ ӕәӗӚӖӐӗӐӘӝӊӛӓ ӕәӲӓ Ӓӊ әӋӊӌӐӒӐ ӏӛӞӣӝӌӊ әӏӍәӌӊӛӊӲӞ ӘӐәӍӛӊӘӓӢӐӘә ӡӐӖәӕӞӚӘәӗ ӜӌәӲәӗ ӓӗәӌӓӘәӗ ӓ ӴӓӠәӌ ӜӝӊӝӞӜ ӲӐӏӘӊӕ ӲӐ ӜӝӊӝӞӜӞ әӛӝӊӕӊ Ӟ әӛӝӊӢӕәӗ ӏӛӞӣӝӌӞ ңәӗӚӖӐӗӐӘӝӊӛӓ ӌәӏӐ ӚәӜӖәӌӊӴӐ ӏӛӞӣӝӌӊ ңӊӕә ӜӐ ӓӗӐӘӊ ӕәӗӚӖӐӗӐӘӝӊӛӊ ӘӊӌәӏӐ Ӟ ӟӓӛӗӓ ӏӛӞӣӝӌӊ әӌӓ ӢӖӊӘәӌӓ ӏӛӞӣӝӌӊ ӘӊӒӓӌӊӲӞ ӜӐ ӓ tӲӊӌӘӓu ӓӖӓ tӜӚәӳӘӓu әӛӝӊӡӓ ҝӛӞӍӊ ӌӛӜӝӊ әӛӝӊӕӊ ӜӞ ӕәӗӊӘӏӓӝәӛӓ ӓ әӘӓ ӜӘәӜӐ ӛӓӒӓӕ ӚәӜӖәӌӊӴӊ ӏӛӞӣӝӌӊ ӏә ӌӓӜӓӘӐ ӜӌәӍ ӞӍәӌәӛӐӘәӍ ӞӖәӍӊ Ӟ ӏӛӞӣӝӌә Ҡӊӝә ӣӝә Ӓӊ әӋӊӌӐӒӐ ӏӛӞӣӝӌӊ ӘӐ әӏӍәӌӊӛӊӲӞ ӜӌәӲәӗ ӖӓӢӘәӗ ӓӗәӌӓӘәӗ ӊӕә ӏӛӞӣӝӌә ӚәӜӖӞӲӐ Ӝӊ ӍӞӋӓӝӕәӗ ӕәӗӊӘӏӓӝәӛӓ ӗәӍӞ ӘӊӲӌӓӣӐ ӏӊ ӓӒӍӞӋӐ ӜӌәӲ ӞӖәӍ Ӟ ӏӛӞӣӝӌә ңәӗӊӘӏӓӝәӛӓ ӘӐ ӞӢӐӜӝӌӞӲӞ Ӟ ӌәӬӐӴӞ ӚәӜӖәӌӊӴӊ ӏӛӞӣӝӌәӗ ҡӗӐӘӊ ӕәӗӊӘӏӓӝәӛӊ ӘӐ ӘӊӌәӏӐ ӜӐ Ӟ ӟӓӛӗӓ ӏӛӞӣӝӌӊ ӓ Ӓӊӝә ӜӐ әӌӓ ӢӖӊӘәӌӓ Ӳәӣ ӘӊӒӓӌӊӲӞ tӝӊӲӘӓu ӓӖӓ tӞӘӞӝӛӊӣӴӓu әӛӝӊӡӓ ҨӛӓӛәӏӞ әӌәӍ ӏӛӞӣӝӌӊ әӚӛӐӏӐӳӞӲӞ ӚӐӛӜәӘӊӖӘӐ ӖӓӢӘӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӚәӒӘӊӘӜӝӌә ӓ ӚәӌӐӛӐӴӐ ӕәӗӚӖӐӗӐӘӝӊӛӊ ӏәӕ ӖӓӢӘӊ ӜӌәӲӜӝӌӊ ӕәӗӊӘӏӓӝәӛӊ ӘӓӜӞ ӋӓӝӘӊ Ӓӊ ӏӛӞ ӣӝӌә ӲӐӛ әӘӓ Ӟ ӏӛӞӣӝӌӞ ӞӢӐӜӝӌӞӲӞ ӕӊӚӓӝӊӖәӗ ӊ ӘӐ ӜӌәӲәӗ ӖӓӢӘәӣӵӞ ҨәӢӐӝӘӊ ӓӗәӌӓӘӊ ӏӛӞӣӝӌӊ әӏӘәӜӘә ӍӖӊ ӌӘӓӡӊ ӏӛӞӣӝӌӊ ӟәӛӗӓӛӊ ӜӐ әӏ ӞӖәӍӊ әӜӘӓӌӊӢӊ ӕәӗӚӖӐӗӐӘӝӊӛӊ ӓ ӕәӗӊӘӏӓӝәӛӊ ӕәӲӓ ӗәӍӞ Ӌӓӝӓ Ӟ ӘәӌӡӞ Ӝӝӌӊӛӓӗӊ ӓ Ӛӛӊӌӓӗӊ ӓӒӛӊӑӐӘӓӗ Ӟ ӘәӌӢӊӘәӲ ӌӛӐӏӘәӜӝ ӕӊә ӓ ӛӊӏӞ ӓ ӞӜӖӞӍӊӗӊ ӏӛӞӣӝӌӞ ҡӗәӌӓӘӊ ӕәӗӊӘӏӓӝӘәӍ ӏӛӞӣӝӌӊ ӗәӑӐ ӜӐ ӌӛӐӗӐӘәӗ ӚәӌӐӵӊӌӊӝӓ ӓӖӓ

31

ӜӗӊӴӓӌӊӝӓ Ӟ ӒӊӌӓӜӘәӜӝӓ әӏ ӛӐӒӞӖӝӊӝӊ ӚәӜӖәӌӊӴӊ ӏӛӞӣӝӌӊ ңәӗӊӘӏӓӝәӛӓ ӓ ӕәӗӚӖӐӗӐӘӝӊӛӓ ӞӢӐӜӝӌӞ ӲӞ Ӟ ӛӊӜӚәӏӐӖӓ ӏәӋӓӝӓ ӓ ӜӘәӣӐӴӞ ӍӞӋӓӝӕӊ ӏӛӞӣӝӌӊ ӜӛӊӒӗӐӛӘә ӞӢӐӣӵӞ Ӟ ӕӊӚӓӝӊӖӞ ӏӛӞ ӣӝӌӊ ҨӛӐӘәӣӐӴӐ ӡӐӖӓӘӐ ӓӖӓ ӏӐӖӊ ӞӏӐӖӊ ӕәӗӚӖӐӗӐӘӝӊӛӊ ӕәӗӊӘӏӓӝӘәӍ ӏӛӞӣӝӌӊ ӞӜӖәӌӳӐӘә ӲӐ ӜӊӍӖӊӜӘәӣӵӞ ӜӌӓӠ әӛӝӊӕӊ m ӕәӗӊӘӏӓӝәӛӊ ӓ ӕәӗӚӖӐӗӐӘӝӊӛӊ ӏӛӞӣӝӌӊ Ҡӊ ӛӊӒӖӓӕӞ әӏ ӕәӗӚӖӐӗӐӘӝӊӛӊ ӕәӗӊӘӏӓӝәӛӓ ӗәӍӞ ӜӖәӋәӏӘә ӚӛӐӘәӜӓӝӓ ӡӐә ӓӖӓ ӏӐә ӜӌәӍ ӞӏӐӖӊ Әӊ әӛӝӊӕӐ ӓ ӝӛӐӵӊ Ӗӓӡӊ ҨәӜӖәӌӐ ӏӛӞӣӝӌӊ ӌәӏӐ ӕәӗӚӖӐӗӐӘӝӊӛӓ ӊ ӕәӗӊӘӏӓӝәӛӓ ӘӐ ӗәӍӞ ӏӊ ӞӢӐӜӝӌӞӲӞ Ӟ ӌәӬӐӴӞ ӚәӜӖәӌӊ ӏӛӞӣӝӌӊ ҨәӜӖәӌәӏӘӊ ӟӞӘӕӡӓӲӊ Ӟ ӕәӗӊӘӏӓӝӘәӗ ӏӛӞӣӝӌӞ ӗәӑӐ ӜӐ ӞӛӐӏӓӝӓ Әӊ ӓӜӝӓ ӘӊӢӓӘ ӕӊә ӓ Ӟ әӛӝӊӢӕәӗ ӏӛӞӣӝӌӞ ӣӝә ӒӘӊӢӓ ӏӊ ӜӐ ӞӍәӌәӛәӗ ә әӜӘӓӌӊӴӞ ӏӛӞӣӝӌӊ ӓӖӓ ӞӍәӌәӛәӗ әӛӝӊӕӊ ӌәӬӐӴӐ ӕәӗӊӘӏӓӝӘәӍ ӏӛӞӣӝӌӊ ӗәӑӐ ӚәӌӐӛӓӝӓ ӲӐӏӘәӗ ӕәӗӚӖӐӗӐӘӝӊӛӞ ӘӐӕәӖӓӡӓӘӓ ӕәӗӚӖӐӗӐӘӝӊӛӊ ӚәӜӐ ӋӘәӗ әӛӍӊӘӞ ӓӖӓ ӝӛӐӵӐӗ ӖӓӡӞ ӕәӲӐ ӘӓӲӐ әӛӝӊӕ ӏӛӞӣӝӌӊ m ӚӛәӕӞӛӓӜӝӓ ҡӜӝӞӚӊӴӐӗ ӓӒ ӕәӗӊӘӏӓӝӘәӍ ӏӛӞӣӝӌӊ ӲӐӏӘӐ ӌӛӜӝӐ әӛӝӊӕӊ ӚӛӐәӜӝӊӖӓ әӛӝӊӡӓ ӗәӍӞ ӏәӘӐӝӓ әӏӖӞӕӞ ә ӚӛәӗӐӘӓ ӚӛӊӌӘӐ ӟәӛӗӐ ӚәӜӖәӌӊӴӊ ӏӛӞӣӝӌӊ ҡӜӝӞӚӊӴӐӗ ӜӌӓӠ ӕәӗӚӖӐӗӐӘӝӊӛӊ ӓӒ ӏӛӞӣӝӌӊ ӕәӗӊӘӏӓӝӘә ӏӛӞӣӝӌә ӗәӑӐ ӘӊӜӝӊӌӓӝӓ ӚәӜӖәӌӊӴӐ ӕӊә ӏӛӞӣӝӌә Ӝӊ әӍӛӊӘӓӢӐӘәӗ әӏӍәӌәӛӘәӣӵӞ ӓӖӓ ӊӕӡӓәӘӊӛӜӕә ӏӛӞӣӝӌә ӊӕә Ӓӊ ӝӊӕӌӞ әӏӖӞӕӞ ӍӖӊӜӊӲӞ Ӝӌӓ ӕәӗӊӘӏӓӝәӛӓ ӏӛӞӣӝӌӊ ҪӖӓӢӘә ӊӕә ӓӒ ӕәӗӊӘӏӓӝӘәӍ ӏӛӞӣӝӌӊ ӓӜӝӞӚӐ Ӝӌӓ ӕәӗӊӘӏӓӝәӛӓ ӕәӗӊӘӏӓӝӘә ӏӛӞӣӝӌә ӜӐ ӗәӑӐ ӝӛӊӘӜӟәӛӗӓӜӊӝӓ Ӟ әӛӝӊӢӕә ӏӛӞӣӝӌә ӓӖӓ ӘӊӜӝӊӌӓӝӓ ӚәӜӖәӌӊӴӐ ӕӊә ӚӛӐӏӞӒӐӝӘӓӕ ңәӗӊӘӏӓӝӘә ӏӛӞӣӝӌә ӞӋӖӊӑӊӌӊ ӚӛәӋӖӐӗ ӘӐәӍӛӊӘӓӢӐӘӐ әӏӍәӌәӛӘәӜӝӓ әӛӝӊӕӊ Ӓӊ әӋӊӌӐӒӐ ӏӛӞӣӝӌӊ ӕӊә әӜӘәӌӘӓ ӘӐӏәӜӝӊӝӊӕ әӛӝӊӢӕәӍ ӏӛӞӣӝӌӊ ӓ ӚӛӐӚӛӐӕӞ ӚәӌӐӵӊӴӞ ӕӊӚӓӝӊӖӊ әӛӝӊӢӕәӍ ӏӛӞӣӝӌӊ ӚәӌӐӵӊӴӐӗ ӋӛәӲӊ әӛӝӊӕӊ ҨӛӐӏӘәӜӝӓ әӌәӍ ӏӛӞӣӝӌӊ ӜӞ Ӟ ӗәӍӞ ӵӘәӜӝӓ ӚәӌӐӒӓӌӊӴӊ әӛӝӊӕӊ ӕәӲӓ ӚәӜӐӏӞӲӞ

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Предузеће

әӏӛӐӬӐӘӊ ӖӓӢӘӊ ӜӌәӲӜӝӌӊ ӓӒӗӐӬӞ ӕәӲӓӠ ӚәӜӝәӲӓ ӚәӜӐӋӘә ӚәӌӐӛӐӴӐ ӓ ӕәӲӓ ӜӞ ӒӊӓӘӝӐӛӐӜәӌӊӘӓ Ӓӊ ӊӕӝӓӌӘә ӞӢӐӣӵӐ Ӟ ӞӚӛӊӌӳӊӴӞ ӏӛӞӣӝӌәӗ Ӝӊ әӛӝӊӡӓӗӊ ӕәӲӓ ӜӞ ӒӊӓӘӝӐӛӐӜәӌӊӘӓ Ӓӊ ӚӛӓӘәӜ Әӊ ӓӘӌӐӜӝӓӛӊӘӓ ӕӊӚӓӝӊӖ Ӟ ӏӛӞӣӝӌә ӊ ӘӓӜӞ ӜӚӛӐӗӘӓ ӏӊ ӜӘәӜӐ ӘӐәӛӍӊӘӓӢӐӘӞ әӏӍәӌәӛӘәӜӝ Ӓӊ әӋӊӌӐӒӐ ӏӛӞӣӝӌӊ ӓ ӏӊ ӊӕӝӓӌӘә ӞӢӐӜӝӌӞӲӞ Ӟ ӌәӬӐӴӞ ӏӛӞӣӝӌӊ ҡ ӚәӏӛӐӏ ӝәӍӊ ӕәӗӊӘӏӓӝӘӊ ӏӛӞӣӝӌӊ ӜӐ ӌӐәӗӊ ӛӐӝӕә ӜӛӐӵӞ Ӟ ӚӛӊӕӜӓ ӛӐӬӐ ӓ әӏ әӛӝӊӢӕӓӠ ӏӛӞӣӝӊӌӊ

ҨҡҫҘӂҘ ҡ ҠҘҝҘүҡ

ұӝӊ ӲӐ ӕәӗӊӘӏӓӝӘә ӏӛӞӣӝӌә ңӊӕӌӊ ӜӞ Ӛӛӊӌӊ ӓ әӋӊӌӐӒӐ ӕәӗӚӖӐӗӐӘӝӊӛӊ ӓ ӕәӗӊӘӏӓӝәӛӊ ңӊӕӌӐ ӚӛәӗӐӘӐ ӘӊӜӝӊӲӞ ӓӜӝӞӚӊӴӐӗ ӓӒ ӕәӗӊӘӏӓӝӘәӍ ӏӛӞӣӝӌӊ ӲӐӏӘӐ ӌӛӜӝӐ әӛӝӊӕӊ

ҝӛӞӣӝӌә Ӝӊ әӍӛӊӘӓӢӐӘәӗ әӏӍәӌәӛӘәӣӵӞ ԙ՗՚՟ՙՈՕ ՘Ն ՕՉ՗ՆՔՏ՞ՌՔՕՓ ՕՋՉՕՈՕ՗ՔՕ՟ձ՚ ӚӛӐӏӜӝӊӌӳӊ ӌӛӜӝӞ ӚӛӐӏӞӒӐӵӊ Ӟ ӟәӛӗӓ ӚӛӓӌӛӐӏӘәӍ ӏӛӞӣӝӌӊ ӕәӲӐ әӜӘӓӌӊ ӲӐӏӘә ӓӖӓ ӌӓӣӐ ӚӛӊӌӘӓӠ ӓ ӓӖӓ ӟӓӒӓӢӕӓӠ Ӗӓӡӊ ӛӊӏӓ әӋӊӌӳӊӴӊ әӏӛӐӬӐӘӐ ӚӛӓӌӛӐӏӘӐ ӏӐӖӊӝӘәӜӝӓ ӓ ӕәӲӐ Ӓӊ әӋӊӌӐӒӐ әӏӍәӌӊӛӊ ӡӐӖәӕӞӚӘәӗ Ӝӌә Ӳәӗ ӓӗәӌӓӘәӗ ҝӛӞӣӝӌә Ӝӊ әӍӛӊӘӓӢӐӘәӗ әӏӍәӌәӛӘәӣӵӞ ӜӐ Ӛә ӜӌәӲӓӗ ӏәӗӓӘӊӘӝӘӓӗ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊӗӊ ӞӋӛӊӲӊ Ӟ Ջ՗՚՟ՙՈՆ ՑՆՖՏՙՆՒՆ ҫӓӚӓӢӘӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӏӛӞӣӝӌӊ ӕӊӚӓӝӊӖӊ ӜӞ әӍӛӊӘӓӢӐӘӊ әӏӍәӌәӛӘәӜӝ ӢӖӊӘәӌӊ Ӓӊ ӛӓӒӓӕ ӚәӜӖәӌӊӴӊ ӏӛӞӣӝӌӊ ӓ ӒӊӌӓӜӘәӜӝ ӞӝӓӡӊӲӊ ӢӖӊӘәӌӊ ӏӛӞӣӝӌӊ Әӊ әӏӖӞӕӐ ӏӛӞӣӝӌӊ әӏ ӌӓӜӓӘӐ ӴӓӠәӌӓӠ ӞӖәӍӊ Ӟ ӏӛӞӣӝӌә Ҡӊ ӛӊӒӖӓӕӞ әӏ ӊӕӡӓәӘӊӛӜӕәӍ ӏӛӞӣӝӌӊ ӕӊә tӢӓӜӝәӍu ӏӛӞӣӝӌӊ ӕӊӚӓӝӊӖӊ ӏӛӞӣӝӌә Ӝӊ әӍӛӊӘӓӢӐӘәӗ әӏӍәӌәӛӘәӣӵӞ әӏӖӓӕӞӲӞ ӓ ӓӒӌӐӜӘӐ ӕӊӛӊӕӝӐӛӓ ӜӝӓӕӐ ӏӛӞӣӝӌӊ Ӗӓӡӊ ӕәӲӐ ӜӐ ӘӊӛәӢӓӝә ӓӜӚә ӳӊӌӊӲӞ Ӟ ӒӘӊӢӊӲӞ ӖӓӢӘӓӠ әӜәӋӓӘӊ ӢӖӊӘәӌӊ ӏӛӞӣӝӌӊ Ӓӊ ӘӊӜӝӊӘӊӕ ӏӛӞӣӝӌӊ ӚәӜӝәӲӊӴӐ ӓ ӚӛәӗӐӘӞ ӢӖӊӘӜӝӌӊ ӕӊә ӓ Ӟ әӍӛӊӘӓӢӐӴӓӗӊ

ӕәӲӊ ӜӐ ӚәӜӝӊӌӳӊӲӞ ӚӛӐӘәӜӞ ӞӏӐӖӊ Ӟ ӏӛӞӣӝӌӞ ӝӛӐӵӓӗ Ӗӓӡӓӗӊ ҡ ӚәӛӐӏ ӝәӍӊ ӚӐӛӜәӘӊӖӘӊ ӜӌәӲӜӝӌӊ ӓӗӊӲӞ ӗӊӴӓ ӒӘӊӢӊӲ әӏ ӓӘӝӐӛӐӜӊ ӕӊӚӓӝӊӖӊ ӒӋәӍ ӢӐӍӊ ӜӐ әӌә ӏӛӞӣӝӌә Ӝӗӊӝӛӊ ӏӛӞӣӝӌәӗ ӕӊӚӓӝӊӖӊ ҝӛӞӣӝӌә ӓӗӊ ӜӌәӲӞ ӓӗәӌӓӘӞ әӏӌәӲӐӘӞ әӏ ӖӓӢӘӐ ӓӗәӌӓӘӐ ӢӖӊӘәӌӊ ӕәӲәӗ әӋӊӌӳӊ ӏӐӖӊӝӘәӜӝ ӓ Ӟ ӚәӝӚӞӘәӜӝӓ ӡӐӖәӕӞӚӘәӗ ӜӌәӲәӗ ӓӗәӌӓӘәӗ әӏӍәӌӊӛӊ Ӓӊ ӜӌӐ әӋӊӌӐӒӐ ӕәӲӐ ӜӝӓӢӐ Ӟ ӚӛӊӌӘәӗ ӚӛәӗӐӝӞ ҰӖӊӘәӌӓ ӏӛӞӣӝӌӊ ӜӌәӲәӗ ӖӓӢӘәӗ ӓӗәӌӓӘәӗ ӘӐ әӏӍәӌӊӛӊӲӞ Ӓӊ әӋӊӌӐӒӐ ӏӛӞӣӝӌӊ ӌӐӵ Ӝӊӗә ӜӘәӜӐ ӛӓӒӓӕ ӚәӜӖәӌӊӴӊ ӏә ӌӓӜӓӘӐ ӜӌәӍ ӞӖәӍӊ ҧӜӘәӌӘӓ ӕӊӚӓӝӊӖ ӏӛӞӣӝӌӊ Ӝӊ әӍӛӊӘӓӢӐӘәӗ әӏӍәӌәӛӘәӣӵӞ ӟәӛӗӓӛӊ ӜӐ әӏ ӞӖәӍӊ ӢӖӊӘәӌӊ ҬӖәӒӓ ӗәӍӞ Ӌӓӝӓ Ӟ ӘәӌӡӞ Ӝӝӌӊӛӓӗӊ ӓ Ӛӛӊӌӓӗӊ ӓ ӓӒӌӛӣӐӘәӗ ӛӊӏӞ ӓ ӚӛӞӑӐӘӓӗ ӞӜӖӞӍӊӗӊ ӏӛӞӣӝӌӞ ҠӊӕәӘәӗ ә ӚӛӓӌӛӐӏӘӓӗ ӏӛӞӣӝӌӓӗӊ әӏӛӐӬӐӘә ӲӐ ӏӊ ӏӓӘӊӛӊ ӚӛӐӏӜӝӊӌӳӊ ӘӊӲӗӊӴӓ ӓӒӘәӜ ӜӛӐӏӜӝӊӌӊ ӘӐәӚӠәӏӘӓӠ Ӓӊ әӜӘӓӌӊӴӐ ӏӛӞӣӝӌӊ Ӝӊ әӍӛӊӘӓӢӐӘәӗ әӏӍәӌәӛӘәӣӵӞ Ҩӛӊӌә ӍӖӊӜӊ ӞӢӐӣӵӐ Ӟ ӏәӋӓӝӓ әӏ ӚәӜӖәӌӊӴӊ ӏӛӞӣӝӌӊ ӓ ӜӘәӣӐӴӐ ӍӞӋӓӝӊӕӊ ӕӊә ӓ ӞӢӐӣӵӐ Ӟ ӛӊӜӚәӏӐӖӓ ӖӓӕӌӓӏӊӡӓәӘӐ ӓӖӓ ӜӝӐӢӊӲӘӐ ӗӊӜӐ ӏӛӞӣӝӌӊ ӜӛӊӒӗӐӛӘӓ ӜӞ ӞӏӐӖӞ ӜӌӊӕәӍ ӢӖӊӘӊ Ӟ ӞӕӞӚӘә ӞӚӖӊӵӐӘәӗ әӜӘәӌӘәӗ ӕӊӚӓӝӊӖӞ ӏӛӞӣӝӌӊ ҬӏӐӖӓ ӜӐ ӗәӍӞ ӜӖәӋәӏӘә ӚӛӐ ӘәӜӓӝӓ ӓӒӗӐӬӞ ӢӖӊӘәӌӊ ӏӛӞӣӝӌӊ ҨӛӐ ӚӛӐ ӘәӜӊ ӞӏӐӖӊ Әӊ ӝӛӐӵӊ Ӗӓӡӊ ӢӖӊӘәӌӓ ӏӛӞ ӣӝӌӊ ӓӗӊӲӞ Ӛӛӊӌә ӚӛӐӢӐ ӕӞӚәӌӓӘӐ ӓ ӝӐӕ ӊӕә әӘӓ әӏӋӓӲӞ ӚәӘӞӏӊ Ӓӊ ӜӝӓӡӊӴӐ ӢӖӊӘ ӏӛӞ ӣӝӌӊ ӗәӑӐ ӚӛӐӘӐӝӓ ӜӌәӲ ӞӏӐә ӝӛӐӵӐӗ ӖӓӡӞ Ӛә ӡӐӘӓ ӓ ӞӜӖәӌӓӗӊ ӕәӲӓ ӘӓӜӞ ӚәӌәӳӘӓӲӓ әӏ әӘӓӠ Ӛә ӕәӲӓӗ ӲӐ ӞӏӐә Ӌӓә ӚәӘӞӬӐӘ ӏӛӞӍӓӗ ӢӖӊӘәӌӓӗӊ ӏӛӞӣӝӌӊ ҧӜӘӓӌӊӢӕӓӗ ӊӕӝәӗ әӏӛӐӬӞӲӐ ӜӐ ӏӊ Ӗӓ ӵӐ ӞӚӛӊӌӳӊӴӐ ӏӛӞӣӝӌәӗ Ӌӓӝӓ әӍӛӊӘӓӒәӌӊӘә ӕӊә ӲӐӏӘәӏәӗӘә ӓӖӓ ӏӌәӏәӗӘә Ҭ ӜӖӞӢӊӲӞ ӲӐӏӘәӏәӗӘәӍ ӞӚӛӊӌӳӊӴӊ әӛӍӊӘӓ ӏӛӞӣӝӌӊ ӜӞ ӜӕӞӚӣӝӓӘӊ ӓ ӲӐӏӊӘ ӓӖӓ ӌӓӣӐ ӏӓӛӐӕӝәӛӊ ӊ Ӟ ӜӖӞӢӊӲӞ ӏӌәӏәӗӘәӍ ӞӚӛӊӌӳӊӴӊ ӚәӛӐӏ әӌӓӠ әӛӍӊӘӊ ӏӛӞӣӝӌә ӓӗӊ ӓ ӘӊӏӒәӛӘӓ әӏӋәӛ ҦӊӲӌӓӣӓ әӛӍӊӘ ӞӚӛӊӌӳӊӴӊ ӏӛӞӣӝӌәӗ Ӝӊ әӍӛӊӘӓӢӐӘәӗ әӏӍәӌәӛӘәӣӵӞ ӲӐ ӜӕӞӚӣӝӓӘӊ ӓ

Подела предузећа

ӴӞ ӢӓӘӐ Ӝӌӓ ӢӖӊӘәӌӓ ӏӛӞӣӝӌӊ Ҭ ӏӐӖәӕӛӞӍӞ ӜӕӞӚӣӝӓӘӐ ӏӛӞӣӝӌӊ ӲӐ әӏӖӞӢӓӌӊӴӐ ә ӟӓӘӊӘӜӓӲӜӕӓӗ ӚӓӝӊӴӓӗӊ ӞӜӌӊӲӊӴӐ ӟӓӘӊӘӜӓӲӜӕӓӠ ӓӒӌӐӣӝӊӲӊ ӛӊӜӚәӏӐӖӊ ӏәӋӓӝӓ ӓ ӜӖ ӓӒӋәӛӞ ӓ ӛӊӒӛӐӣӐӴӞ ӏӓӛӐӕӝәӛӊ ӓӖӓ ӢӖӊӘәӌӊ ӘӊӏӒәӛӘәӍ әӏӋәӛӊ ӜӝӊӝӞӜӘӓӗ ӚӛәӗӐӘӊӗӊ ӚӛәӗӐӘӊ ӚӛӊӌӘӐ ӟәӛӗӐ ӜӝӐӢӊӲ ӓ ӜӖ ӘәӛӗӊӝӓӌӘӓӗ ӚӓӝӊӴӓӗӊ ӓӒӗӐӘӊ әӜӘӓӌӊӢӕәӍ ӊӕӝӊ ӏәӘәӣӐӴӐ ӚәӜӖәӌӘӓӕӊ ә ӛӊӏӞ ӜӕӞӚ ӣӝӓӘӐ ӓ ӜӖ ӓ ӏӛӞӍә ҝӛӞӣӝӌә Ӝӊ әӍӛӊӘӓӢӐӘәӗ әӏӍәӌәӛӘәӣӵӞ ӓӗӊ ӲӐӏӘәӍ ӓӖӓ ӌӓӣӐ ӏӓӛӐӕӝәӛӊ ҝӓӛӐӕӝәӛ ӒӊӜӝӞӚӊ ӏӛӞӣӝӌә ӚӛӐӗӊ ӝӛӐӵӓӗ Ӗӓӡӓӗӊ ӓ ӌәӏӓ ӚәӜӖәӌӊӴӐ ӏӛӞӣӝӌӊ Ҙӕә ӲӐ ӞӚӛӊӌӳӊӴӐ ӏӛӞӣӝӌәӗ ӏӌәӏәӗӘә ӏӛӞӣӝӌә ӓӗӊ ӘӊӏӒәӛӘӓ әӏӋәӛ ҦӊӏӒәӛӘӓ әӏӋәӛ ӓӗӊ ӘӊӲӗӊӴӐ ӝӛӓ ӢӖӊӘӊ ҦӊӏӒәӛӘӓ әӏӋәӛ әӏӛӐӬӞӲӐ ӚәӜӖәӌӘӞ ӜӝӛӊӝӐӍӓӲӞ ӏӛӞӣӝӌӊ Ӌӓӛӊ ӓ ӛӊӒӛӐӣӊӌӊ ӏӓӛӐӕӝәӛӊ ӘӊӏӒӓӛӐ ӛӊӏ ӏӓӛӐӕӝәӛӊ ӌӛӣӓ ӞӘӞӝӛӊӣӴӓ ӘӊӏӒәӛ Әӊӏ ӚәӜӖәӌӊӴӐӗ ӏӛӞӣӝӌӊ ӘӊӏӒӓӛӐ ӒӊӕәӘӓӝәӜӝ ӚәӜӖәӌӊӴӊ ӏӛӞӣӝӌӊ ӓӝӏ ҠӋәӍ әӍӛӊӘӓӢӐӘӐ әӏӍәӌәӛӘәӜӝӓ ӢӖӊӘәӌӊ ӏӛӞӣӝӌӊ Ӝӊ әӍӛӊӘӓӢӐӘәӗ әӏӍәӌәӛӘәӣӵӞ ӜӞ Ӟ ӚӛәӜӐӕӞ ӌӐӵӊ әӏ әӛӝӊӢӕӓӠ ӏӛӞӣӝӊӌӊ ӓ ӕәӗӊӘӏӓӝӘӓӠ ӏӛӞӣӝӊӌӊ ӓ ӋӛәӲӢӊӘә ӜӞ ӗӘәӍә ӒӊӜӝӞӚӳӐӘӓӲӊ Ӟ ӚӛӓӌӛӐӏӘәӲ ӚӛӊӕӜӓ ҦӊӜӞӚӛәӝ ӝәӗӐ ӕӊә ӒӊӝӌәӛӐӘӊ ӚӛӓӌӛӐӏӘӊ ӏӛӞ ӣӝӌӊ ӕәӲӊ ӛӊӜӚәӖӊӑӞ ӛӐӖӊӝӓӌӘә ӗӊӖӓӗ ӓӒӘәӜӓӗӊ ӕӊӚӓӝӊӖӊ ӓ ӓӗӊӲӞ ӛӐӖӊӝӓӌӘә ӗӊӴӓ ӋӛәӲ ӘӐӚӛәӗӐӴӐӘӓӠ ӢӖӊӘәӌӊ ӏӛӞӣӝӌӊ Ӝӊ әӍӛӊӘӓӢӐӘәӗ әӏӍәӌәӛӘәӣӵӞ ӜӞ Ӟ ӚӛәӜӐӕӞ ӗӊ Ӵӊ әӏ ӊӕӡӓәӘӊӛӜӕӓӠ ӏӛӞӣӝӊӌӊ ҪӝәӍӊ әӌӊ ӟәӛӗӊ ӚӛӓӌӛӐӏӘәӍ ӏӛӞӣӝӌӊ ӚӛӐӏӜӝӊӌӳӊ ӘӊӲӢӐӣӵӓ ӚӛӊӌӘӓ әӋӖӓӕ ӗӊӖӓӠ ӓ ӜӛӐӏӴӓӠ ӚӛӐӏӞӒӐӵӊ

ҨҡҫҘӂҘ ҡ ҠҘҝҘүҡ

ұӝӊ ӲӐ ӏӛӞӣӝӌә Ӝӊ әӍӛӊӘӓӢӐӘәӗ әӏӍәӌәӛӘәӣӵӞ ңәӲӐ ӜӞ ӘӊӲӌӊӑӘӓӲӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӏӛӞ ӣӝӌӊ ӜӐ әӍӛӊӘӓӢӐӘәӗ әӏӍәӌәӛӘәӣӵӞ

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ҦӊӋӛәӲӝӐ ӓ әӋӲӊӜӘӓӝӐ әӜӘәӌӘӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӏӛӞӣӝӌӊ ӕӊӚӓӝӊӖӊ ңәӲӓ ӜӞ әӛӍӊӘӓ ӞӚӛӊӌӳӊӴӊ ӏӛӞӣӝӌәӗ Ӝӊ әӍӛӊӘӓӢӐӘәӗ әӏӍәӌәӛӘәӣӵӞ

ҘӕӡӓәӘӊӛӜӕә ӏӛӞӣӝӌә ԔՑ՝ՏՕՔՆ՗՘ՑՕ Ջ՗՚՟ՙՈՕ ӚӛӐӏӜӝӊӌӳӊ ӌӛӜӝӞ ӚӛӐӏӞӒӐӵӊ Ӟ ӟәӛӗӓ ӚӛӓӌӛӐӏӘәӍ ӏӛӞӣӝӌӊ ӕәӲӐ әӜӘӓӌӊ ӲӐӏӘә ӓӖӓ ӌӓӣӐ ӚӛӊӌӘӓӠ ӓ ӓӖӓ ӟӓӒӓӢӕӓӠ Ӗӓӡӊ Ӟ ӜӌәӲӜӝӌӞ ӊӕӡӓәӘӊӛӊ ӛӊӏӓ әӋӊӌӳӊӴӊ әӏӛӐӬӐӘӐ ӚӛӓӌӛӐӏӘӐ ӏӐӖӊӝӘәӜӝӓ ӢӓӲӓ ӲӐ әӜӘәӌӘӓ ӕӊӚӓӝӊӖ ӟӓӕӜӓӛӊӘ ӞӝӌӛӬӐӘ

ӓ ӚәӏӐӳӐӘ Әӊ ӊӕӡӓӲӐ ҝӛӞӣӝӌә ӓӗӊ ӜӌәӲӞ ӓӗәӌӓӘӞ ӕәӲәӗ Ӟ ӚәӝӚӞӘәӜӝӓ әӏӍәӌӊӛӊ Ӓӊ ӜӌӐ әӋӊӌӐӒӐ ӕәӲӐ ӜӝӓӢӐ Ӟ ӚӛӊӌӘәӗ ӚӛәӗӐӝӞ ӊ ӊӕӡӓәӘӊӛӓ Ӝӊӗә ӜӘәӜӐ ӛӓӒӓӕ ӚәӜӖәӌӊӴӊ ӏә ӌӓӜӓӘӐ ӜӌәӲӓӠ ӊӕӡӓәӘӊӛӜӕӓӠ ӞӖәӍӊ ҘӕӡӓәӘӊӛӜӕә ӏӛӞӣӝӌә ӲӐ Ջ՗՚՟ՙՈՕ ՑՆՖՏՙՆՒՆ ӝӊӕә ӏӊ ӲӐ Ӓӊ әӌә ӏӛӞӣӝӌә ӋӓӝӊӘ Ӝӊӗә ӴӐӍәӌ ӕӊӚӓӝӊӖ ӏәӕ ӖӓӢӘӐ әӜәӋӓӘӐ ӴӐӍәӌӓӠ ӊӕӡӓәӘӊӛӊ ӘӐӗӊӲӞ Әӓӕӊӕӊӌ ӒӘӊӢӊӲ Ӓӊ әӜӘӓӌӊӴӐ ӟӞӘӕӡӓәӘӓӜӊӴӐ ӓ ӚӛӐӜӝӊӘӊӕ ӚәӜӝә ӲӊӴӊ ӊӕӡӓәӘӊӛӜӕәӍ ӏӛӞӣӝӌӊ ҠӊӠӌӊӳӞӲӞӵӓ ӚӛӐӘәӜӓӌәӜӝӓ ӊӕӡӓӲӊ әӌә ӏӛӞӣӝӌә ӲӐ әӝӌәӛӐӘә ӓ ӴӐӍәӌ ӚӐӛӜәӘӊӖӘӓ ӜӊӜӝӊӌ ӗәӑӐ ӜӐ Ӗӊӕә ӓ ӋӛӒә ӗӐӴӊӝӓ ҧӜӘәӌӘӓ ӕӊӚӓӝӊӖ ӊӕӡӓәӘӊӛӜӕәӍ ӏӛӞӣӝӌӊ ӲӐ ӟӓӕӜӓӛӊӘ ӊ ӗӓӘӓӗӊӖӘӓ ӓӒӘәӜ әӜӘәӌӘәӍ ӕӊӚӓӝӊӖӊ ӏӛӞӣӝӌӊ ӚӛәӚӓӜӊӘ ӲӐ ҠӊӕәӘәӗ ӓӒӘәӜӓ ӝӛӓ ӗӓӖӓәӘӊ ӏӓӘӊӛӊ ҚӊӑӘә ӘӊӢӐӖә Ӓӊ Ӝӌӊ ӏӛӞӣӝӌӊ ӕӊӚӓӝӊӖӊ ӲӐ ӏӊ ӜӐ Օ՘ՔՕՈՔՏ ՑՆՖՏՙՆՒ Ջ՗՚՟ՙՈՆ ՓՕ՗Ն Օ՞՚ՈՆՙՏ ՛ՏՑ՘Տ՗ՆՔ ӣӝә ӲӐ ӚәӜӐӋӘә ӒӘӊӢӊӲӘә Ӓӊ ӝӛӐӵӊ Ӗӓӡӊ ӕәӲӓӗӊ ӕӊӚӓӝӊӖ ӏӛӞӣӝӌӊ ӚӛӐӏӜӝӊӌӳӊ әӚӣӝӐ әӋӐ ӒӋӐӬӐӴӐ Ӓӊ ӚәӝӛӊӑӓӌӊӴӊ ӕәӲӊ ӓӗӊӲӞ ӚӛӐӗӊ ӏӛӞӣӝӌӞ Ҭ ӡӓӳӞ әӢӞӌӊӴӊ ӌӛӐӏӘәӜӝӓ әӜӘәӌӘәӍ ӕӊӚӓӝӊӖӊ ӒӊӋӛӊӴӞӲӞ ӜӐ ӓӜӚӖӊӝӐ ӏӓӌӓӏӐӘӏӓ ӓӒ ӏӛӞӍӓӠ ӓӒӌәӛӊ әӜӓӗ ӓӒ ӏәӋӓӝӓ ӕәӏ ӚӛӌӐ ӐӗӓӜӓӲӐ ӊӕӡӓӲӊ ӒӊӋӛӊӴӞӲӐ ӜӐ ӴӓӠәӌә ӓӒӏӊӌӊӴӐ Ӛә ӡӐӘӓ ӓӜӚәӏ ӘәӗӓӘӊӖӘӐ ӌӛӐӏӘәӜӝӓ ӒӊӋӛӊӴӞӲӐ ӜӐ ӜӗӊӴӐӴӐ әӜӘәӌӘәӍ ӕӊӚӓӝӊӖӊ ӏӛӞӣӝӌӊ әӜӓӗ ӕӊӏӊ ӲӐ ӝә ӘӐәӚӠәӏӘә

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Предузеће

ӏӊ Ӌӓ ӜӐ ӜӚӛӐӢӓӖӐ ӌӐӵӐ ӣӝӐӝӐ Ӛә ӏӛӞӣӝӌә ӓ ӝә Әӊ ӚӛәӚӓӜӊӘ ӘӊӢӓӘ ӓӝӏ ҚӊӑӘӊ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊ ӊӕӡӓәӘӊӛӜӕӓӠ ӏӛӞ ӣӝӊӌӊ Ӛә ӕәӲәӲ ӜӐ әӌӊ ӏӛӞӣӝӌӊ ӛӊӒӖӓӕӞӲӞ әӏ ӜӌӓӠ әӜӝӊӖӓӠ әӋӖӓӕӊ ӚӛӓӌӛӐӏӘӓӠ ӏӛӞӣӝӌӊ ӲӐӜӝӐ ӏӊ ӗәӍӞ ӚӛӓӋӊӌӳӊӝӓ ӘӐәӚӠәӏӊӘ ӕӊӚӓӝӊӖ ӞӚӞӵӓӌӊӴӐӗ ӲӊӌӘәӍ ӚәӒӓӌӊ Ӓӊ ӞӚӓӜ ӊӕӡӓӲӊ ҪӝәӍӊ ӜӞ ӊӕӡӓәӘӊӛӜӕӊ ӏӛӞӣӝӌӊ Ӎәӝәӌә ӜӊӌӛӣӐӘӓ ӘӊӢӓӘ ӏӊ ӜӐ ӏәӬӐ ӏә ӌӐӖӓӕӓӠ ӓӒӘәӜӊ ӕӊӚӓӝӊӖӊ ӝӊӕә ӏӊ ӘӐӕӊ ӊӕӡӓәӘӊӛӜӕӊ ӏӛӞӣӝӌӊ ӛӊӜӚәӖӊӑӞ әӍӛәӗӘӓӗ ӕӊӚӓӝӊӖәӗ ӓ ӒӊӚәӣӳӊӌӊӲӞ ӌӐәӗӊ ӌӐӖӓӕӓ ӋӛәӲ ӛӊӏӘӓӕӊ Ҭ ӒӊӗӐӘӞ Ӓӊ ӊӕӡӓӲӐ ӊӕӡӓәӘӊӛӓ ӞӖӊӑӞ Ӟ ӏӛӞӣӝӌә Әәӌӊӡ Ӝӝӌӊӛӓ ӚәӕӛӐӝӘӐ ӓ ӘӐӚәӕӛӐӝӘӐ ӓ Ӛӛӊӌӊ ӖӓӡӐӘӡӐ know-how ӚӊӝӐӘӝ ӒӊӕӞӚ goodill ӑӓӍ ӗәӏӐӖ ӊӞӝәӛӜӕӊ Ӛӛӊӌӊ ӠӊӛӝӓӲӐ әӏ ӌӛӐӏӘәӜӝӓ ӞӏӐә ӓ ӜӖ ӓӒӛӊӑӐӘӐ Ӟ ӘәӌӡӞ ҨӛӐӗӊ Әӊӣӓӗ ӚӛәӚӓӜӓӗӊ ӊӕӡӓәӘӊӛӜӕә ӏӛӞӣӝӌә ӜӐ әӜӘӓӌӊ ӚәӝӚӓӜӓӌӊӴӐӗ әӜӘӓӌӊӢӕәӍ ӊӕӝӊ ӓ ӚӛӌәӍ ӜӝӊӝӞӝӊ ӏӛӞӣӝӌӊ ӊӕӡӓәӘӊӛӊ әӜӘӓӌӊӢӊ ӓ ӞӚӖӊӝәӗ әӜӘәӌӘәӍ ӕӊӚӓӝӊӖӊ ӘӊӲӗӊӴӐ Ӟ ӓӒӘәӜӞ ӕәӲӓ ӲӐ ӚӛәӚӓӜӊӘ ҠӊӕәӘәӗ ңӊӕә әӜӘӓӌӊӢӓ әӝӕӞӚӳӞӲӞ ӜӌӐ ӊӕӡӓӲӐ ӚӛӓӖӓӕәӗ әӜӘӓӌӊӴӊ ӏӛӞӣӝӌӊ әӌӊӲ ӘӊӢӓӘ ӘӊӜӝӊӘӕӊ ӏӛӞӣӝӌӊ ӘӊӒӓӌӊ ӜӐ ՘ՏՓ՚ՒՙՆՔՕ әӜӘӓӌӊӴӐ ҡӒ ӚӛәӡӐӜӊ ӜӓӗӞӖӝӊӘәӍ әӜӘӓӌӊӴӊ ӏӛӞӣӝӌӊ ӓӜӕӳӞӢӐӘӊ ӲӐ ӣӓӛӊ ӓӘӌӐӜӝӓӡӓәӘӊ ӲӊӌӘәӜӝ әӜӘӓӌӊӴӐ ӋӐӒ ӲӊӌӘәӍ ӞӚӓӜӊ ӊӕӡӓӲӊ ӝӊӕә ӏӊ Әӊ әӌӊӲ ӘӊӢӓӘ ӘӊӜӝӊӲӞ ӒӊӝӌәӛӐӘӊ ӊӕӡӓәӘӊӛӜӕӊ ӏӛӞ ӣӝӌӊ ҧӜӓӗ ӜӓӗӞӖӝӊӘәӍ ӘӊӢӓӘӊ ӚәӜӝәӲӓ ӓ ՘՚Ց՝Ռ՘ՏՈՔՏ ӘӊӢӓӘ әӜӘӓӌӊӴӊ ӊӕӡӓәӘӊӛӜӕәӍ ӏӛӞӣӝӌӊ ҧӝӌәӛӐӘә ӊӕӡӓәӘӊӛӜӕә ӏӛӞӣӝӌә ӘӊӜӝӊӲӐ ӜӞӕӡӐӜӓӌӘӓӗ әӜӘӓӌӊӴӐӗ әӜӘӓӌӊӴӐ Ӝӊ ӲӊӌӘӓӗ ӞӚӓӜәӗ ӊӕӡӓӲӊ ӝӊӕә ӣӝә әӜӘӓӌӊӢӓ ӞӚӓӜӞӲӞ ӏӐә ӊӕӡӓӲӊ ӊ Ӓӊ әӜӝӊӝӊӕ ӊӕӡӓӲӊ ӞӚӞӵӞӲӞ ӲӊӌӘӓ ӚәӒӓӌ Ӓӊ ӞӚӓӜ ӊӕӡӓӲӊ Ҭ ӓӒӋәӛӞ ӓӒӗӐӬӞ ӒӊӝӌәӛӐӘӓӠ ӓ әӝӌәӛӐӘӓӠ ӊӕӡӓәӘӊӛӜӕӓӠ ӏӛӞӣӝӊӌӊ ӚӛӓӌӛӐӏӘӊ ӚӛӊӕӜӊ ӏӊӲӐ ӚӛӐӏӘәӜӝ Ӛӛӌәӗ әӋӖӓӕӞ ӒӋәӍ ӲӐӏӘәӜӝӊӌӘӓӲӐ ӚӛәӡӐӏӞӛӐ әӜӘӓӌӊӴӊ ӓ ӗӊӴӐӍ ӜӝӐӚӐӘӊ ӕәӘӝӛәӖӐ ӛӐӍӞӖӊӝәӛӘӓӠ әӛӍӊӘӊ ңәӗӓӜӓӲӐ Ӓӊ ӠӊӛӝӓӲӐ әӏ ӌӛӐӏӘәӜӝӓ ҪӝәӍӊ әӜӘӓӌӊӢӓ әӋӓ ӢӘә ӘӊӲӚӛӐ ӓӒӗӐӬӞ ӜӐӋӐ әӜӘӓӌӊӲӞ ӒӊӝӌәӛӐӘә ӊӕӡӓәӘӊӛӜӕә ӏӛӞӣӝӌә ӊ ӕӊӜӘӓӲӐ Ӛә Ӛә

ӝӛӐӋӓ tәӝӌӊӛӊӲӞu ӏӛӞӣӝӌә Әӊ ӝӛӑӓӣӝӞ ӕӊӚӓӝӊӖӊ ӞӚӞӵӞӲӞӵӓ ӲӊӌӘӓ ӚәӒӓӌ Ӓӊ ӞӚӓӜ ӊӕӡӓӲӊ ҫӓӗӐ ӜӐ әӗәӍӞӵӊӌӊ ӚәӌӐӵӊӴӐ әӜӘәӌӘәӍ ӕӊӚӓӝӊӖӊ ӏӛӞӣӝӌӊ ӊ әӜӘӓӌӊӢӓ ӏӛӞӣӝӌӊ ӗәӍӞ әӜӝӌӊӛӓӝӓ ӓӒӌӐӜӘӐ ӚӛӓӌӓӖӐӍӓӲӐ Ӓӊ ӜӐӋӐ ӕӊә ӣӝә ӲӐ Ӛӛӊӌә ӚӛӌӐӘӜӝӌӊ ӞӚӓӜӊ ӘәӌӓӠ ӐӗӓӜӓӲӊ ӊӕӡӓӲӊ ҘӕӡӓәӘӊӛӜӕә ӏӛӞӣӝӌә ӗәӑӐ Ӑӗӓӝәӌӊӝӓ әӋӓӢӘӐ ӛӐӏәӌӘӐ ӓ ӚӛӐӟӐӛӐӘӡӓӲӊӖӘӐ ӊӕӡӓӲӐ ҧӋӓӢӘӊ ӊӕӡӓӲӊ ӏӊӲӐ ӊӕӡӓәӘӊӛӓӗӊ Ӛӛӊӌә Әӊ әӏӖӞӢӓӌӊӴӐ Ӛә ӚӛӓӘӡӓӚӞ ӲӐӏӘӊ ӊӕӡӓӲӊ ӲӐӏӊӘ ӍӖӊӜ Ӛӛӊӌә Әӊ ӓӜӚӖӊӝӞ ӏӓӌӓӏӐӘӏӓ Ӛӛӊӌә Әӊ ӞӢӐӣӵӐ Ӟ ӚӛӐәӜӝӊӖәӲ ӓӗәӌӓӘӓ Ӛәӣӝә ӜӐ ӘӊӗӓӛӐ ӚәӝӛӊӑӓӌӊӴӊ ӚәӌӐӛӓӖӊӡӊ Ӛә ӖӓӕӌӓӏӊӡӓӲӓ ӏӛӞӣӝӌӊ ӓ ӜӖӓӢӘә Ҭ әӏӘәӜӞ Әӊ әӋӓӢӘӐ ӊӕӡӓӲӐ ӚӛӐӟӐӛӐӘӡӓӲӊӖӘӐ ӊӕӡӓӲӐ ӏӊӲӞ Ӛӛӊӌә ӚӛӌӐӘӜӝӌӊ Ӟ ӓӜӚӖӊӝӓ ӏӓӌӓӏӐӘӏӓ ӕәӲӐ ӗәӑӐ Ӌӓӝӓ ӚӊӛӝӓӡӓӚӊӝӓӌӘә ӓӖӓ ӕӞӗӞӖӊӝӓӌӘә ӓ Ӛӛӊӌә ӚӛӌӐӘӜӝӌӊ ӘӊӚӖӊӝӐ ӓӒ әӜӝӊӝӕӊ ӖӓӕӌӓӏӊӡӓәӘӐ ӓӖӓ ӜӝӐӢӊӲӘӐ ӗӊӜӐ ӏӛӞ ӣӝӌӊ ҨӛӐӟӐӛӐӘӡӓӲӊӖӘӐ ӕӞӗӞӖӊӝӓӌӘӐ ӊӕӡӓӲӐ ӏӊӲӞ Ӛӛӊӌә ӘӊӚӖӊӝӐ ӕӞӗӞӖӓӛӊӘӐ ӘӐӓ ӜӚӖӊӵӐӘӐ ӏӓӌӓӏӐӘӏӐ Ӟ әӏӛӐӬӐӘәӗ ӌӛӐӗӐӘӜӕәӗ ӚӐӛӓәӏӞ ӘӊӲӢӐӣӵӐ m ӍәӏӓӘӊ ӚӛӐ ӓӜӚӖӊӝӐ ӏӓӌӓӏӐӘӏӐ ӌӖӊӜӘӓӡӓӗӊ әӋӓӢӘӓӠ ӊӕӡӓӲӊ ӊ ӚӛӐӟӐӛӐӘӡӓӲӊӖӘӐ ӚӊӛӝӓӡӓӚӊӝӓӌӘӐ ӊӕӡӓӲӐ ӏӊӲӞ ӜӌәӲӓӗ ӌӖӊӜӘӓӡӓӗӊ ӚӛӌӐӘӜӝӌә ӘӊӚӖӊӝӐ әӏӛӐӬӐӘәӍ ӟӓӕӜӘәӍ ӚӛәӡӐӘӝӊ ӏӓӌӓӏӐӘӏӐ ӚӛӐ ӓӜӚӖӊӝӐ ӏӓӌӓӏӐӘӏӐ ӌӖӊӜӘӓӡӓӗӊ әӋӓӢӘӓӠ ӊӕӡӓӲӊ ңӊә ӕәӗӚӐӘӒӊӡӓӲӞ Ӓӊ ӚӛӌӐӘӜӝӌә Ӟ әӜӝӌӊӛӓӌӊӴӞ ӓӗәӌӓӘӜӕӓӠ Ӛӛӊӌӊ ӚӛӐӟӐӛӐӘӡӓӲӊӖӘӐ ӊӕӡӓӲӐ ӜӌәӲӓӗ ӌӖӊӜӘӓӡӓӗӊ ӘӐ ӏӊӲӞ Ӛӛӊӌә ӍӖӊӜӊ Ӟ ӜӕӞӚӣӝӓӘӓ ӊӕӡӓәӘӊӛӊ Ӝ ӊӕӡӓәӘӊӛӓӗӊ ӕәӲӓ ӓӗӊӲӞ әӋӓӢӘӐ ӊӕӡӓӲӐ ҪӝӊӝӞӝәӗ ӏӛӞӣӝӌӊ әӏӛӐӬӞӲӐ ӜӐ ӏӊ Ӗӓ ӵӐ ӞӚӛӊӌӳӊӴӐ ӏӛӞӣӝӌәӗ Ӌӓӝӓ әӛӍӊӘӓӒәӌӊӘә ӕӊә ӲӐӏӘәӏәӗӘә ӓӖӓ ӏӌәӏәӗӘә Ҭ ӜӖӞӢӊӲӞ ӲӐӏӘәӏәӗӘәӍ ӞӚӛӊӌӳӊӴӊ әӛӍӊӘӓ ӏӛӞӣӝӌӊ ӜӞ ӜӕӞӚӣӝӓӘӊ ӓ ӲӐӏӊӘ ӓӖӓ ӌӓӣӐ ӏӓӛӐӕӝәӛӊ әӏӘәӜӘә әӏӋәӛ ӏӓӛӐӕӝәӛӊ ӊ Ӟ ӜӖӞӢӊӲӞ ӏӌәӏәӗӘәӍ ӞӚӛӊӌӳӊӴӊ ӚәӛӐӏ ӜӕӞӚӣӝӓӘӐ әӛӍӊӘӓ ӏӛӞӣӝӌӊ ӜӞ ӘӊӏӒәӛӘӓ әӏӋәӛ ӓ ӲӐӏӊӘ ӓӖӓ ӌӓӣӐ ӏӓӛӐӕӝәӛӊ әӏӘәӜӘә ӓӒӌӛӣӘӓ әӏӋәӛ ҦӊӲӌӓӣӓ әӛӍӊӘ ӞӚӛӊӌӳӊӴӊ ӊӕӡӓәӘӊӛӜӕәӍ ӏӛӞӣӝӌӊ ӲӐ ӜӕӞӚӣӝӓӘӊ ҪӕӞӚӣӝӓӘӞ ӊӕ-

Подела предузећа

ӡӓәӘӊӛӜӕәӍ ӏӛӞӣӝӌӊ ӢӓӘӐ Ӝӌӓ ӊӕӡӓәӘӊӛӓ Ҭ ӏӐӖәӕӛӞӍӞ ӜӕӞӚӣӝӓӘӐ ӲӐ әӏӖӞӢӓӌӊӴӐ ә ӜӖӐӏӐӵӐ ӢӐӝӓӛӓ ӍӛӞӚӐ ӚӓӝӊӴӊ

әӏӖӞӢӓӌӊӴӐ ә ӘәӛӗӊӝӓӌӘӓӗ ӚӓӝӊӴӓӗӊ ӞӜӌӊӲӊӴӐ ӓ ӓӒӗӐӘӐ ӜӝӊӝӞӝӊ ӓ ӜӖ

әӏӖӞӢӓӌӊӴӐ ә ӟӓӘӊӘӜӓӲӜӕӓӗ ӚӓӝӊӴӓӗӊ ӞӜӌӊӲӊӴӐ ӟӓӘӊӘӜӓӲӜӕӓӠ ӓӒӌӐӣӝӊӲӊ әӏӖӞӢӓӌӊӴӐ ә ӛӊӜӚәӏӐӖӓ ӏәӋӓӝӓ ӓ ӚәӕӛӓӵӞ ӍӞӋӓӝӕӊ әӏӖӞӢӓӌӊӴӐ ә ӚәӌӐ ӵӊӴӞ ӓ ӜӗӊӴӐӴӞ әӜӘәӌӘәӍ ӕӊӚӓӝӊӖӊ ә ӐӗӓӜӓӲӓ ӠӊӛӝӓӲӊ әӏ ӌӛӐӏӘәӜӝӓ ӓӝӏ

әӏӖӞӢӓӌӊӴӐ ә ӓӒӋәӛӞ ӓ ӛӊӒӛӐӣӐӴӞ ӏӓӛӐӕӝәӛӊ әӏӘәӜӘә ӢӖӊӘәӌӊ ӘӊӏӒәӛӘәӍ әӏӋәӛӊ ӓ

әӏӖӞӢӓӌӊӴӐ ә ӜӝӊӝӞӜӘӓӗ ӚӓӝӊӴӓӗӊ Ӝӝӊ ӝ ӞӜӘӐ ӚӛәӗӐӘӐ m ӜӚӊӲӊӴӐ ӚәӏӐӖӊ ӓ әӏӌӊ ӲӊӴӐ ә ӚӛәӗӐӘӊӗӊ әӋӖӓӕӊ ӏӛӞӣӝӌӊ ӚӛӐӜӝӊӘӕӞ ӛӊӏӊ ӏӛӞӣӝӌӊ ӓ ӜӖ

Ҙӕә ӲӐ ӞӚӛӊӌӳӊӴӐ ӏӛӞӣӝӌәӗ әӛӍӊӘӓӒәӌӊӘә ӕӊә ӲӐӏӘәӏәӗӘә ӏӛӞӣӝӌә ӗәӑӐ ӓӗӊӝӓ ӲӐӏӘәӍ ӓӖӓ ӌӓӣӐ ӏӓӛӐӕӝәӛӊ ӊ ӊӕә ӓӗӊ ӝӛӓ ӓ ӌӓӣӐ ӏӓӛӐӕӝәӛӊ әӘӏӊ әӘӓ ӢӓӘӐ әӏӋәӛ ӏӓӛӐӕӝәӛӊ ҧӏӋәӛ ӏӓӛӐӕӝәӛӊ ӞӝӌӛӬӞӲӐ ӚәӜӖәӌ ӘӞ ӜӝӛӊӝӐӍӓӲӞ ӓ ӚәӜӖәӌӘӐ ӡӓӳӐӌӐ ӏӛӞӣӝӌӊ әӛӍӊӘӓӒӞӲӐ ӓ ӌәӏӓ ӚәӜӖәӌӊӴӐ ӏӛӞӣӝӌӊ ӘӊӏӒӓ ӛӐ ӚәӜӖәӌӊӴӐ ӏӛӞӣӝӌӊ ӜӊӒӓӌӊ ӜӐӏӘӓӡӐ ӜӕӞӚ ӣӝӓӘӐ ӓӒӌӛӣӊӌӊ әӏӖӞӕӐ ӜӕӞӚӣӝӓӘӐ ӓӝӏ Ҭ ӏӌәӏәӗӘәӗ ӗәӏӐӖӞ ӞӚӛӊӌӳӊӴӊ ӏӛӞӣӝӌә ӗәӑӐ ӓӗӊӝӓ ӲӐӏӘәӍ ӓӖӓ ӌӓӣӐ ӓӒӌӛӣӘӓӠ ӏӓ-

35

ӛӐӕӝәӛӊ Ҙӕә ӓӗӊ ӝӛӓ ӓӖӓ ӌӓӣӐ ӏӓӛӐӕӝәӛӊ әӘӏӊ әӘӓ ӢӓӘӐ ӓӒӌӛӣӘӓ әӏӋәӛ ҦӊӏӖӐӑӘәӜӝӓ ӓӒӌӛӣӘӓӠ ӏӓӛӐӕӝәӛӊ ӕӊӏӊ ӲӐ ӞӚӛӊӌӳӊӴӐ ӏӛӞӣӝӌәӗ әӛӍӊӘӓӒәӌӊӘә Ӛә ӏӌәӏәӗӘәӗ ӗәӏӐӖӞ ӘӐ ӛӊӒӖӓӕӞӲӞ ӜӐ әӏ ӘӊӏӖӐӑӘәӜӝӓ ӓӒӌӛӣӘӓӠ ӏӓӛӐӕӝәӛӊ Ӟ ӲӐӏӘәӏәӗӘәӗ ӗәӏӐӖӞ ӓ Ӝӌәӏӓ ӜӐ Әӊ ӌәӬӐӴӐ ӚәӜӖәӌӊӴӊ ӓ ӒӊӜӝӞӚӊӴӐ ӏӛӞӣӝӌӊ ҦӊӏӒәӛӘӓ әӏӋәӛ ӓӗӊ ӘӊӲӗӊӴӐ ӝӛӓ ӢӖӊӘӊ Ҭ ӘӊӏӖӐӑӘәӜӝӓ ӘӊӏӒәӛӘәӍ әӏӋәӛӊ ӊӕӡӓәӘӊӛӜӕәӍ ӏӛӞӣӝӌӊ ӲӐ ӞӝӌӛӬӓӌӊӴӐ ӚәӜӖәӌӘӐ ӜӝӛӊӝӐӍӓӲӐ ӓ ӚәӜӖәӌӘӓӠ ӡӓӳӐӌӊ ӏӛӞӣӝӌӊ ӘӊӏӒәӛ ӛӊӏӊ ӓӒӌӛӣӘӓӠ ӏӓӛӐӕӝәӛӊ ӞӘӞӝӛӊӣӴӊ ӕәӘӝӛәӖӊ ӚәӜӖәӌӊӴӊ ӏӛӞӣӝӌӊ ӓӝӏ

ҨҡҫҘӂҘ ҡ ҠҘҝҘүҡ

ҘӕӡӓәӘӊӛӜӕә ӏӛӞӣӝӌә ӲӐ @@@@@@@@@@@@@ @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ ҧӋӲӊӜӘӓӝӐ ӘӊӢӐӖә ӟӓӕӜӓӛӊӘәӜӝӓ ӕӊӚӓӝӊӖӊ ұӝӊ ӜӐ ӚәӏӛӊӒӞӗӐӌӊ Ӛәӏ ӜӓӗӞӖӝӊӘӓӗ ӊ ӣӝӊ Ӛәӏ ӜӞӕӡӐӜӓӌӘӓӗ әӜӘӓӌӊӴӐӗ ӊӕӡӓәӘӊӛӜӕәӍ ӏӛӞӣӝӌӊ ңәӲӊ Ӛӛӊӌӊ ӊӕӡӓәӘӊӛӓӗӊ ӏӊӲӞ әӋӓӢӘӐ ӊӕӡӓӲӐ ӊ ӕәӲӊ ӚӛӐӟӐӛӐӘӡӓӲӊӖӘӐ ңәӲӓ ӜӞ әӛӍӊӘӓ ӞӚӛӊӌӳӊӴӊ ӊӕӡӓәӘӊӛӜӕӓӗ ӏӛӞӣӝӌәӗ

36

ПОЈАМ И ВРСТЕ ЈАВНИХ ПРЕДУЗЕЋА ҫӐӣӕәӵӐ ӏӊ ӜӐ ӚӛӐӡӓӒӘә ӏӐӟӓӘӓӣӐ ӚәӲӊӗ tӲӊӌӘә ӚӛӐӏӞӒӐӵӐu ӚәӜӖӐӏӓӡӊ ӜӞ ӋӛәӲӘӓӠ ӛӊӒӖӓӕӊ ӕәӲӐ ӚәӜӝәӲӐ ӓӒӗӐӬӞ әӌӓӠ ӚӛӐӏӞӒӐӵӊ Ӟ ӚәӲӐӏӓӘӓӗ ӒӐӗӳӊӗӊ ӏӐӖӊӝӘәӜӝӓӗӊ ӓ ӍӛӊӘӊӗӊ Ӟ әӕӌӓӛӞ ӚәӲӐӏӓӘӊӢӘӓӠ ӒӐӗӊӳӊ ӕӊә ӓ ӛӊӒӖӓӢӓӝӓӗ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊӗӊ ӲӊӌӘӓӠ ӚӛӐӏӞӒӐӵӊ Ӟ ӛӊӒӖӓӢӓӝӓӗ ӚӐӛӓәӏӓӗӊ ӌӛӐӗӐӘӊ ҡӗӊӲӞӵӓ Ӟ ӌӓӏӞ әӌӐ ӛӊӒӖӓӕӐ ծՆՈՔՆ Ֆ՗ՌՋ՚ՎՌձՆ ӜӐ Әӊ ӘӊӲәӚӣӝӓӲӓ ӘӊӢӓӘ ӗәӍӞ ӏӐӟӓӘӓӜӊӝӓ ӕӊә Ֆ՗ՌՋ՚ՎՌձՆ ՞ՏծՌ ՘Ռ Օ՘ՔՏՈՆհՌ Տ ՛՚ՔՑ՝ՏՕՔՏ՘ՆհՌ ՓՕՍՌ ՋՕՈՌ՘ՙՏ ՚ ՈՌՎ՚ ՘Ն ծՆՈՔՏՓ ՕՖ՟ՙՏՓ ՏՔՙՌ՗Ռ՘ՕՓ Տ ՚ ՑՕՓՌ ծՆՈՔՆ ՈՒՆ՘ՙ Ջ՗ՍՆՈՆ ՚ ՖՕՙՖ՚ՔՕ՘ՙՏ ՏՒՏ ՋՌՒՏՓՏ՞ՔՕ ՕՇՆՈկՆ ՚ՒՕՉ՚ Ֆ՗ՌՋ՚ՎՌՙՔՏՑՆ Ҭ ӘӊӜӝәӲӊӴӞ ӏӊ ӜӐ ӋӖӓӑӐ әӏӛӐӏӓ ӚәӲӊӗ Ӳӊӌ ӘӓӠ ӚӛӐӏӞӒӐӵӊ әӋӓӢӘә ӜӐ ӓӜӝӓӢӞ ӚӛӐәӌӖӊӬӞӲӞӵӐ ӋӓӝӘӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӲӊӌӘӓӠ ӚӛӐӏӞӒӐӵӊ ӒӊӲӐӏӘӓӢӕӐ ӌӐӵӓӘӓ әӌӓӠ ӚӛӐӏӞӒӐӵӊ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ Ӛә ӕәӲӓӗӊ ӜӐ ӲӊӌӘӊ ӚӛӐ ӏ ӞӒӐӵӊ ӞӚӛӊӌә ӓ ӛӊӒӖӓӕӞӲӞ әӏ әӜӝӊӖӓӠ ӚӛӐ ӏӞӒӐӵӊ ҫә ӜӞ ӏӛӑӊӌӘә ӲӊӌӘә ӌӖӊӜӘӓ ӣӝӌә әӋӐӒӋӐӬӐӴӐ ӚӛәӓӒӌәӏӊ ӓӖӓ ӚӛӞӑӊ ӴӐ ӞӜӖӞӍӊ әӏ ӜӞӣӝӓӘӜӕәӍ tӐӜӐӘӡӓӲӊӖӘәӍu ӒӘӊӢӊӲӊ Ӓӊ әӏӛӐӬӐӘӞ ӏӛӞӣӝӌӐӘӞ ӒӊӲӐӏӘӓӡӞ ӗәӘәӚәӖӜӕӓ ӓӖӓ ӚӛӓӌӓӖӐӍәӌӊӘ ӚәӖәӑӊӲ Әӊ ӝӛӑӓӣӝӞ ӜӝӐӢӐӘәӗ ӞӒ ӚәӏӛӣӕӞ ӌӖӊӜӝӓ ӕӊә ӓ ӲӊӌӘә ӛӐӍӞӖӓӜӊӴӐ ӕӊӕә Ӌӓ ӜӐ әӋӐӒӋӐӏӓӖә ӴӓӠәӌә ӟӞӘӕӡӓәӘӓӜӊӴӐ Ӟ әӚӣӝӐӗ ӓӘӝӐӛӐӜӞ Ҫӌӊӕӊӕә ӘӊӲӌӊӑӘӓӲӊ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊ ӲӊӌӘӓӠ ӚӛӐӏӞӒӐӵӊ ӓӒ ӕәӲӐ ӚӛәӓӜӝӓӢӞ ӓ әӜӝӊӖӐ әӜәӋӐӘәӜӝӓ әӌӓӠ ӚӛӐӏӞӒӐӵӊ ӲӐӜӝӐ ӚӛәӓӒӌәӏӴӊ ӓ ӏӓӜӝӛӓӋӞӡӓӲӊ tӐӜӐӘӡӓӲӊӖӘӓӠ ӏәӋӊӛӊu ӕӊә ӓ ӟӞӘӕӡӓәӘӓӜӊӴӐ Ӟ tӲӊӌӘәӗ ӓӘӝӐӛӐӜӞu әӏӘәӜӘә ӏӐӖӊӝӘәӜӝ ӲӊӌӘӓӠ ӜӖӞӑӋӓ ӚӛәӓӒӌәӏ Ӵӊ ӓ ӏӓӜӝӛӓӋӞӡӓӲӊ ӐӘӐӛӍӓӲӐ ӌәӏәӚӛӓӌӛӐӏӊ ӝӐӖӐӕәӗӞӘӓӕӊӡӓӲӐ ӝӛӊӘӜӚәӛӝ ӓ ӜӖ ӕӊә ӓ

ӚӛәӓӒӌәӏӴӊ ӋӊӒӓӢӘӓӠ ӜӝӛӊӝӐӣӕӓӠ ӓӘӏӞ ӜӝӛӓӲӜӕӓӠ ӚӛәӓӒӌәӏӊ ӞӍӊӳ Әӊӟӝӊ ӢӐӖӓӕ ӓ ӜӖ

ҦӐӚәӜӝәӲӊӴӐ ӏӓӛӐӕӝӘӐ ӕәӘӕӞӛӐӘӡӓӲӐ Ӟ әӋӖӊӜӝӓӗӊ Ӟ ӕәӲӓӗӊ ӏӐӖӞӲӞ ӲӊӌӘӊ ӚӛӐӏӞӒӐӵӊ ӕӊә ӴӓӠәӌӊ ӜӖӐӏӐӵӊ ӋӓӝӘӊ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊ ӞӜӖәӌ ӳӐӘә ӲӐ ӚӛӐ ӜӌӐӍӊ ӘӐӏәӜӝӊӡӓӗӊ ӝӛӑӓӣӘәӍ ӗӐӠӊӘӓӒӗӊ Ӟ ӛӐӍӞӖӓӜӊӴӞ ӘӐӕӓӠ ӏӐӖӊӝӘәӜӝӓ ҥӐӬӞ ӝӓӗ ӏӐӖӊӝӘәӜӝӓӗӊ Ӝӌӊӕӊӕә ӘӊӲ ӌӊӑӘӓӲӐ ӲӐӜӞ ӏӐӖӊӝӘәӜӝӓ Ӟ ӕәӲӓӗӊ ӜӐ ӜӛӐ ӵӞ ӐӕәӘәӗӜӕӓ ӓ ӚӛӓӛәӏӘӓ ӗәӘәӚәӖӓ ҧӜӘәӌӘӊ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊ ӐӕәӘәӗӜӕӓӠ ӗәӘәӚәӖӊ ӲӐӜӝӐ ӏӊ ӲӐ ӕәӘӕӞӛӐӘӡӓӲӊ Ӟ ӏӐӖӊӝӘәӜӝӓӗӊ Ӟ ӕәӲӓӗӊ ӏӐӖӞӲӞ әӌӓ ӗәӘәӚәӖӓ ӐӕәӘәӗӜӕӓ ӘӐӛӊӡӓәӘӊӖӘӊ ӊ Ӟ ӜӖӞӢӊӲӞ ӚӛӓӛәӏӘӓӠ ӗәӘәӚәӖӊ ӕәӘӕӞӛӐӘӡӓӲӊ ӲӐ ӘӐӗәӍӞӵӊ ӒӋәӍ әӍӛӊӘӓ ӢӐӘәӜӝӓ ӚӛӓӛәӏӘӓӠ ӛӐӜӞӛӜӊ ҫӊӕә Ӌӓ ӕәӘӕӞ ӛӐӘӡӓӲӊ Ӟ әӋӖӊӜӝӓ ӑӐӖӐӒӘӓӢӕәӍ ӜӊәӋӛӊ ӵӊӲӊ ӋӓӖӊ ӐӕәӘәӗӜӕӓ ӘӐӛӊӡӓәӘӊӖӘӊ ӒӋәӍ әӍӛәӗӘӓӠ ӓӘӌӐӜӝӓӡӓӲӊ Ӟ ӓӒӍӛӊӏӴӞ ӚӊӛӊӖӐӖӘӐ ӗӛӐӑӐ ӑӐӖӐӒӘӓӢӕӓӠ ӚӛӞӍӊ ӏәӕ Ӌӓ Әӊ ӚӛӓӗӐӛ әӝӌӊӛӊӴӐ ӏӌӊ ӛӞӏӘӓӕӊ Әӊ ӓӜӝәӲ ӖәӕӊӡӓӲӓ ӋӓӖә ӝӐӠӘӓӢӕӓ ӘӐӗәӍӞӵӐ ҥәӘәӚәӖӜӕӓ ӚәӖәӑӊӲ ӲӊӌӘӓӠ ӚӛӐӏӞӒӐӵӊ Ӝ ӲӐӏӘӐ ӓ ӴӓӠәӌ ӒӘӊӢӊӲ Ӓӊ ӑӓӌәӝ ӓ ӟӞӘӕӡӓәӘӓӜӊӴӐ әӏӛӐӬӐӘӐ ӏӛӞӣӝӌӐӘӐ ӒӊӲӐӏӘӓӡӐ Ӝ ӏӛӞӍӐ ӜӝӛӊӘӐ ӘӞӑӘә ӒӊӠӝӐӌӊӲӞ әӏӛӐӬӐӘӓ әӋӖӓӕ ӲӊӌӘәӍ ӛӐӍӞӖӓӜӊӴӊ әӌӓӠ ӚӛӐӏӞӒӐӵӊ ӣӝә ӚӛӐӏӜӝӊӌӳӊ ӴӓӠәӌӞ ӜӖӐӏӐӵӞ ӋӓӝӘӞ ӕӊӛӊӕӝӐӛӓӜӝӓӕӞ ҧӋӓӢӘә ӏӛӑӊӌӊ ӛӐӍӞӖӓӣӐ ӚәӜӖәӌӊӴӐ ӲӊӌӘӓӠ ӚӛӐӏӞӒӐӵӊ ӝӊӕә ӣӝә ӕәӘӝӛәӖӓӣӐ ӴӓӠәӌӐ ӡӐӘӐ ӓӖӓ ӚӛәӚӓӜӞӲӐ ӜӝӊӘӏӊӛӏӐ ӕӌӊӖӓӝӐӝӊ ӚӛәӓӒӌәӏӊ ӓ ӞӜӖӞӍӊ ӕәӲӐ ӚӛӞӑӊӲӞ ӲӊӌӘӊ ӚӛӐӏӞӒӐӵӊ ӀӊӌӘӊ ӚӛӐӏӞӒӐӵӊ ӓӗӊӲӞ ӛӊӒӖӓӢӓӝӐ ӚӛӊӌӘӐ әӋӖӓӕӐ ҨӛӐӏӞӒӐӵӊ ӕәӲӊ әӋӊӌӳӊӲӞ ӏӐӖӊӝӘәӜӝ

Појам и врсте јавних предузећа

әӏ ӲӊӌӘәӍ ӓӘӝӐӛӐӜӊ әӋӓӢӘә ӜӞ Ӟ ӟәӛӗӓ ӚӛӓӌӛӐӏӘӓӠ ӏӛӞӣӝӊӌӊ ҥӐӬӞӝӓӗ Ӟ әӋӊӌӳӊӴӞ ӜӌәӲӐ ӏӐӖӊӝӘәӜӝ ӓӗӊӲӞ әӍӛӊӘӓӢӐӘӞ ӜӊӗәӜӝӊӖӘәӜӝ ӲӐӛ ӲӊӌӘӊ ӌӖӊӜӝ ӏӛӑӊӌӊ ӓӖӓ ӲӐӏӓӘӓӡӊ ӖәӕӊӖӘӐ ӜӊӗәӞӚӛӊӌӐ ӓӗӊ ӚәӜӐӋӘӊ ӞӚӛӊӌӳӊ Ӣӕӊ Ӛӛӊӌӊ Ӟ әӌӓӗ ӚӛӐӏӞӒӐӵӓӗӊ Ӣӊӕ ӓ ӕӊӏӊ ӘӓӜӞ Ӟ ӲӊӌӘәӲ ӜӌәӲӓӘӓ ҨәӜӖәӌӊӴӐ ӲӊӌӘӓӠ ӚӛӐ ӏ ӞӒӐӵӊ ӏӛӑӊӌӊ ӕәӘӝӛәӖӓӣӐ ӚәӜӐӏәӌӊ ӴӐӗ ӴӓӠәӌӓӠ ӊӕӡӓӲӊ ӜӌӓӠ ӓӖӓ ӲӐӏӘәӍ ӏӐӖӊ ӓ ӢӐӜӝә ӚӛӐӕә ӜӌәӲӓӠ ӚӛӐӏӜӝӊӌӘӓӕӊ Ӟ әӛӍӊӘӓӗӊ ӞӚӛӊӌӳӊӴӊ ҨәӛӐӏ әӌәӍ әӋӖӓӕӊ ӲӊӌӘӊ ӚӛӐӏӞӒӐӵӊ ӗәӍӞ Ӌӓӝӓ ӓ Ӟ ӟәӛӗӓ ӲӊӌӘӐ ӕәӛӚәӛӊӡӓӲӐ ӕәӲӊ ӜӐ Ӛә ӚӛӊӌӓӖӞ әӜӘӓӌӊ ӚәӜӐӋӘӓӗ ӒӊӕәӘәӗ ӓӖӓ әӏӖӞӕәӗ ӘӊӏӖӐӑӘәӍ ӏӛ-

37

ӑӊӌӘәӍ әӛӍӊӘӊ Ӟ ӚӛӓӌӛӐӏӘӓӗ ӍӛӊӘӊӗӊ Ӓӊ ӕәӲӐ ӲӐ ӏӛӑӊӌӊ ӚәӜӐӋӘә ӒӊӓӘӝӐӛӐӜәӌӊӘӊ ӀӊӌӘӐ ӕәӛӚәӛӊӡӓӲӐ ӚӛӌӐӘӜӝӌӐӘә ӜӐ ӟӓӘӊӘӜӓӛӊӲӞ ӜӛӐӏӜӝӌӓӗӊ ӕәӲӐ ӏәӋӓӲӊӲӞ әӏ ӏӛӑӊӌӐ

ҨҡҫҘӂҘ ҡ ҚҞҟҙҞ

ҝӐӟӓӘӓӣӓӝӐ ӲӊӌӘә ӚӛӐӏӞӒӐӵӐ ңәӲӐ ӜӞ әӜӘәӌӘӐ ӕӊӛӊӕӝӐӛӓӜӝӓӕӐ ӲӊӌӘӓӠ ӚӛӐӏӞӒӐӵӊ ңәӲӐ ӘӊӲӢӐӣӵӐ ӏӐӖӊӝӘәӜӝӓ ӓ ӟӞӘӕӡӓӲӐ әӋӊӌӳӊӲӞ ӲӊӌӘӊ ӚӛӐӏӞӒӐӵӊ Ҭ ӕәӲӓӗ ӚӛӊӌӘӓӗ әӋӖӓӡӓӗӊ ӗәӍӞ Ӌӓӝӓ ӲӊӌӘӊ ӚӛӐӏӞӒӐӵӊ

38

ЗНАЧАЈ ЦИЉЕВА ЗА ЕФИКАСНОСТ И ЕФЕКТИВНОСТ ПРЕДУЗЕЋА Ԩ ՟Տ՗ՌՓ ՘ՓՏ՘Ւ՚ Ռ՛ՌՑՙՏՈՔՕ՘ՙ ӚӛӐӏӞӒӐӵӊ ӗәӑӐ ӜӐ ӏӐӟӓӘӓӜӊӝӓ ӕӊә ӜӚәӜәӋӘәӜӝ ӏӊ ӚӛӓӋӊӌӓ ӘӐәӚӠәӏӘӐ ӛӐӜӞӛӜӐ ӓ ӏӊ ӓӠ ӣӝә ӐӟӓӕӊӜӘӓӲӐ ӓӜӕәӛӓӜӝӓ Ӓӊ әӜӝӌӊӛӐӴӐ ӜӌәӲӓӠ ӡӓӳӐӌӊ ӏәӕ ӜӐ ՚ ՚ՍՌՓ ՘ՓՏ՘Ւ՚ ӗәӑӐ ӏӐӟӓӘӓӜӊӝӓ ӕӊә ӜӝӐӚӐӘ әӜӝӌӊӛӐӴӊ ӴӐӍәӌӓӠ ӡӓӳӐӌӊ Ԛ՛ՏՑՆ՘ՔՕ՘ՙ ӚӛӐӏӞӒӐӵӊ ӓӒӛӊӑӊӌӊ ӜӐ ӕӊә әӏӘәӜ ӓӒӗӐӬӞ ӛӐӒӞӖӝӊӝӊ ӟӞӘӕӡӓәӘӓӜӊӴӊ ӚӛӐӏӞӒӐӵӊ output ӊ ӓ ӞӖӊӍӊӴӊ input ӊ ӘӐәӚӠәӏӘӓӠ ӏӊ ӜӐ ӝӓ ӛӐӒӞӖӝӊӝӓ әӜӝӌӊӛӐ ҦӊӲӒӘӊӢӊӲӘӓӲӓ ӚәӕӊӒӊӝӐӳӓ ӐӟӓӕӊӜӘәӜӝӓ ӚӛӐӏӞӒӐӵӊ ӜӞ ӚәӕӊӒӊӝӐӳӓ Ֆ՗ՕՋ՚ՑՙՏՈՔՕ՘ՙՏ ՌՑՕՔՕՓՏ՞ՔՕ՘ՙՏ ӓ ՗ՌՔՙՆՇՏՒՔՕ՘ՙՏ ҪӖӓӕәӌӓӝә ӐӟӐӕӝӓӌӘәӜӝ ӜӐ ӗәӑӐ әӏӛӐӏӓӝӓ ӕӊә ӘӊӜӝәӲӊӴӐ ӚӛӐӏӞӒӐӵӊ ӏӊ әӏӊӋӐӛӐ Ӛӛӊӌӊ ӚәӏӛӞӢӲӊ ӜӌәӲӐ ӏӐӖӊӝӘәӜӝӓ tӛӊӏӓӝӓ ӚӛӊӌӐ Ӝӝӌӊӛӓu ӊ ӐӟӓӕӊӜӘәӜӝ ӕӊә ӘӊӜӝәӲӊӴӐ ӏӊ ӜӐ әӏӊӋӛӊӘӓ ӚәӜӖәӌӓ ӣӝә ӋәӳӐ әӋӊӌӐ tӛӊӏӓӝӓ Ӝӝӌӊӛӓ Әӊ Ӛӛӊӌӓ ӘӊӢӓӘu

ԢՆծ՞Ռ՟ձՌ ՘Ռ Ռ՛ՌՑՙՏՈՔՕ՘ՙ Ֆ՗ՌՋ՚ՎՌձՆ ՚ՙՈ՗ը՚ծՌ ՔՆ Օ՘ՔՕՈ՚ ՘ՙՌՖՌՔՆ Օ՘ՙՈՆ՗ՌհՆ հՌՉՕՈՏ՜ ՝ՏկՌՈՆ ҨӛӐӗӊ әӌәӗ ӜӠӌӊӝӊӴӞ ӐӟӐӕӝӓӌӘәӜӝ ӚӛӐӏӞӒӐӵӊ ӏӓӛӐӕӝӘә ӒӊӌӓӜӓ әӏ ӜӝӐӚӐӘӊ ӴӐӍәӌӐ ӞӜӚӐӣӘәӜӝӓ Ӟ ӛӐӊӖӓӒӊӡӓӲӓ ӚәӜӝӊӌӳӐӘӓӠ ӡӓӳӐӌӊ ҝӛӞӍӓӗ ӛӐӢӓӗӊ ӣӝә ӲӐ ӜӝӐӚӐӘ әӜӝӌӊӛӐӴӊ ӡӓӳӐӌӊ ӌӐӵӓ ӝә ӲӐ ӌӐӵӊ ӐӟӐӕӝӓӌӘәӜӝ ӚӛӐӏӞӒӐӵӊ ӓ әӋӛӊӝӘә ҧӌӊӲ ӚӛӓӜӝӞӚ әӡӐӘӓ ӞӜӚӐӣӘәӜӝӓ ӚӛӐӏӞӒӐӵӊ ӘӊӲӢӐӣӵӐ ӜӐ ӕәӛӓӜӝӓ ӕӊӏӊ ӜӞ ӲӊӜӘә әӏӛӐӬӐӘӓ ӡӓӳӐӌӓ ӕәӲӓ ӜӐ әӏӘәӜӐ Әӊ ӛӐӒӞӖӝӊӝӐ ӟӞӘӕӡӓәӘӓӜӊӴӊ ӚӛӐӏӞӒӐӵӊ ӕӊӏӊ ӝӐ ӡӓӳӐӌӐ әӏӛӐӬӞӲӞ ӏӐӟӓӘӓӣӞ ӓ ӲӊӜӘә ӛӊӒӞӗӐӲӞ ӗӐӘӊӸӐӛӓ ӚӛӐӏӞӒӐӵӊ ӓ ӕӊӏӊ ӚәӜӝәӲӓ ӜӊӍӖӊӜӘәӜӝ ӗӐӘӊӸӐӛӊ ӚӛӐӏӞӒӐӵӊ ә ӡӓӳӐӌӓӗӊ ӕәӲӓ ӝӛӐӋӊ ӏӊ ӚӛӐӏӜӝӊӌӳӊӲӞ ӕӛӓӝӐӛӓӲӞӗӐ ӐӟӐӕӝӓӌӘәӜӝӓ ҨәӛӐӏ ӝәӍӊ әӌӊӲ ӚӛӓӜӝӞӚ ӜӐ ӕәӛӓӜӝӓ ӓ ӕӊӏӊ

ӲӐ ӋӛәӲ ӡӓӳӐӌӊ ӗӊӖӓ ӕӊә ӓ ӕӊӏӊ ӲӐ ӗәӍӞӵӐ ӗӐӛӓӝӓ ӜӝӐӚӐӘ әӜӝӌӊӛӐӴӊ ӡӓӳӐӌӊ ӚӛӐӏӞӒӐӵӊ ұӓӛәӕӞ ӛӊӜӚӛәӜӝӛӊӴӐӘәӜӝ әӌӊӲ ӚӛӓӜӝӞӚ ӗӐӛӐӴӞ ӐӟӐӕӝӓӌӘәӜӝӓ ӚӛӐӏӞӒӐӵӊ ӏӞӍӞӲӐ Ӝӌә ӲәӲ ӲӐӏӘәӜӝӊӌӘәӜӝӓ ӓ ӒӋәӍ ӝәӍӊ ӣӝә ӗӐӘӊӸӐӛӓӗӊ ӚӛӐӏӞӒӐӵӊ ӚӛӞӑӊ ӚәӌӛӊӝӘӐ ӓӘӟәӛӗӊӡӓӲӐ ә ӐӟӐӕӝӓӗӊ ӴӓӠәӌӓӠ әӏӖӞӕӊ Әӊ ӜӝӐӚӐӘ әӜӝӌӊӛӐӴӊ ӡӓӳӐӌӊ ӚӛӐӏӞӒӐӵӊ ҧӌӊӲ ӚӛӓӜӝӞӚ ӜӐ ӝӐӗӐӳӓ Әӊ ӝәӗӐ ӏӊ ӜӐ ӚӛӐӏӞӒӐӵӊ әӜӘӓӌӊӲӞ ӛӊӏӓ әӜӝӌӊӛӐӴӊ ӐӕәӘәӗӜӕӓӠ ӡӓӳӐӌӊ Ҫӊӗ ӚәӜӝӞӚӊӕ ӓӒӛӊӑӊӌӊӴӊ ӐӟӐӕӝӓӌӘәӜӝ ӓ ӐӟӓӕӊӜӘәӜӝӓ ӚӛӐӝӚәӜӝӊӌӳӊ ӓӏӐӘӝӓӟӓӕәӌӊӴӐ ӡӓӳӐӌӊ ӕӊӕә Ӌӓ ӜӐ Әӊ әӜӘәӌӞ ӜӝӐӚӐӘӊ ӴӓӠәӌәӍ әӜӝӌӊӛӐӴӊ ӗӐӛӓӖӊ ӞӜӚӐӣӘәӜӝ ӚӛӐӏӞӒӐӵӊ Ҭ ӚәӍӖӐӏӞ ӚәӏәӋӘәӜӝӓ ӏӊ ӚәӜӖӞӑӐ ӕӊә ӚәӕӊӒӊӝӐӳӓ ӐӟӐӕӝӓӌӘәӜӝӓ ӒӘӊӢӊӲӘӐ ӛӊ ӒӖӓӕӐ ӚәӜӝәӲӐ ӓӒӗӐӬӞ ӒӌӊӘӓӢӘӓӠ ӜӖӞӑӋӐӘӓӠ ӓ әӚӐӛӊӝӓӌӘӓӠ ӡӓӳӐӌӊ ӚӛӐӏӞӒӐӵӊ ԜՈՆՔՏ՞ՔՏ ՝ՏկՌՈՏ ӚӛӐӏӜӝӊӌӳӊӲӞ ӟәӛӗӊӖӘә ӏәӘӐӝӐ ӓ әӋӲӊӌӳӐӘӐ әӚӣӝӐ ӡӓӳӐӌӐ ӚӛӐӏӞӒӐӵӊ ҧӘӓ ӓӒӛӊӑӊӌӊӲӞ ӗәӝӓӌӐ ӚәӜӝәӲӊӴӊ ӚӛӐӏӞӒӐӵӊ ӚәӜӖәӌӘӞ ӟӓӖәӒәӟӓӲӞ ӓ ӜӓӜӝӐӗ ӌӛӐӏӘәӜӝӓ ӚӛӐӏӞӒӐӵӊ ӍӖәӋӊӖӘӊ ӚәӏӛӞӢӲӊ ӏӐӖәӌӊӴӊ ӝӛӑӓӣӝӊ Әӊ ӕәӲӓӗӊ ӚәӜӖӞӲӐ ӚӛӐӏӞӒӐӵӐ ӕӞӚӡӐ ӢӓӲӐ ӚәӝӛӐӋӐ ӚӛӐӏӞӒӐӵӐ Ӓӊӏәӌәӳӊӌӊ ӓ ӜӖӓӢӘә ҪӖӞӑӋӐӘӓ ӡӓӳӐӌӓ әӋӓӢӘә ӜӞ ӜӊӏӛӑӊӘӓ Ӟ ӘӊӲӌӊӑӘӓӲӓӗ ӚӓӜӊӘӓӗ ӏәӕӞӗӐӘӝӓӗӊ ӓ ӓӒӌӐӣӝӊӲӓӗӊ ә ӚәӜӖәӌӊӴӞ ӚӛӐӏӞӒӐӵӊ ңӊә ӝӊӕӌӓ ӜӖӞӑӋӐӘӓ ӡӓӳӐӌӓ ӜӞ ӚӛӐӝӐ ӑӘә ӊӚӜӝӛӊӕӝӘӓ ӓ ӝӐӣӕә ӗӐӛӳӓӌӓ Ӛӊ ӜӝәӍӊ ӘӐӚәӏәӋӘӓ Ӓӊ ӗӐӛӐӴӐ ӐӟӐӕӝӓӌӘәӜӝӓ ӚӛӐӏӞӒӐӵӊ ԣՖՌ՗ՆՙՏՈՔՏ ՝ՏկՌՈՏ ӗӘәӍә ӜӞ ӚәӍәӏӘӓӲӓ ӚәӕӊӒӊӝӐӳӓ ӐӟӐӕӝӓӌӘәӜӝӓ ӚӛӐӏӞӒӐӵӊ ҫә ӜӞ ӡӓӳӐӌӓ ӕәӲӐ ӚӛӐӏӞӒӐӵӐ ӘӐӚәӜӛӐӏӘә ӘӊӜӝәӲӓ ӏӊ ӛӐӊӖӓӒӞӲӐ Ӟ әӚӐӛӊӝӓӌӘәӗ ӚәӜӖәӌӊӴӞ ңӊә

Значај циљева за ефикасност и ефективност предузећа

ӝӊӕӌӓ әӚӐӛӊӝӓӌӘӓ ӡӓӳӐӌӓ ӚӛӐӏӜӝӊӌӳӊӲӞ ӕӛӊӲӴӓ ӡӓӳ ӝӐӕӞӵӓӠ ӊӕӝӓӌӘәӜӝӓ ӓ әӋӓӢӘә ӚӛӐӏӜӝӊӌӳӊӲӞ Ӝӊӗә ӟӊӒӞ Ӟ ӛӐӊӖӓӒӊӡӓӲӓ ӒӌӊӘӓӢӘӓӠ ӡӓӳӐӌӊ ӚӛӐӏӞӒӐӵӊ ҧӌӊӕә ӜӠӌӊӵӐӘӓ әӚӐӛӊӝӓӌӘӓ ӡӓӳӐӌӓ әӋӓӢӘә ӚӛӐӏӜӝӊӌӳӊӲӞ ӡӓӳӐӌӐ ӚәӲӐӏӓӘӊӢӘӓӠ ӚәӜӖәӌӘӓӠ ӟӞӘӕӡӓӲӊ ӓӖӓ әӛӍӊӘӓӒӊӡӓәӘӓӠ ӏӐӖәӌӊ ӚӛӐӏӞӒӐӵӊ Ҡӊ ӛӊӒӖӓӕӞ әӏ ӒӌӊӘӓӢӘӓӠ ӡӓӳӐӌӊ ӕәӲӓ ӜӞ Ӛә Ӝӌәӗ ӕӊӛӊӕӝӐӛӞ ӏӞӍәӛәӢӘӓ ӓ ӘӐӏәӌәӳӘә ӚӛӐӡӓӒӘә ӏӐӟӓӘӓӜӊӘӓ әӚӐӛӊӝӓӌӘӓ ӡӓӳӐӌӓ ӓӗӊӲӞ ӚӛӐӡӓӒӘә әӏӛӐӬӐӘ ӌӛӐӗӐӘӜӕӓ ӠәӛӓӒәӘӝ ӓ әӋӓӢӘә ӜӐ ӛӐӊӖӓӒӞӲӞ Ӟ ӕӛӊӝӕәӗ ӛәӕӞ ҠӋәӍ ӜӌәӲӐ әӏӛӐӬӐӘәӜӝӓ әӌӓ ӡӓӳӐӌӓ ӜӐ Ӛә ӚӛӊӌӓӖӞ ӗәӍӞ ӖӊӕӣӐ ӕӌӊӘӝӓӟӓӕәӌӊӝӓ ҝӊ Ӌӓ ӜӐ ӞӝӌӛӏӓӖӐ ӐӟӐӕӝӓӌӘәӜӝ ӓ Ӑӟӓӕӊ ӜӘәӜӝ Ӛә ӚӛӓӜӝӞӚӞ әӜӝӌӊӛӐӴӊ ӡӓӳӐӌӊ ӚәӝӛӐӋӘә ӲӐ ӘӊӲӚӛӐ ӓӏӐӘӝӓӟӓӕәӌӊӝӓ ӡӓӳӐӌӐ Әӊ әӜӘәӌӞ ӕәӲӓӠ ӵӐ ӜӐ ӓӒӛӊӑӊӌӊӝӓ ӐӟӐӕӝӓӌӘәӜӝ ӓ ӐӟӓӕӊӜӘәӜӝ ӚӛӐӏӞӒӐӵӊ ҡӒӋәӛ ӡӓӳӐӌӊ Әӊ әӜӘәӌӞ ӕәӲӓӠ ӵӐ ӜӐ ӓӒӛӊӑӊӌӊӝӓ ӞӜӚӐӣӘәӜӝ ӚӛӐӏӞӒӐӵӊ ӗәӑӐ ӚӛӐӏӜӝӊӌӳӊӝӓ ӚӛәӋӖӐӗ ӞӜӖӐӏ ӘӐӲӊӜӘә ӏӐӟӓӘӓӜӊӘӓӠ ӡӓӳӐӌӊ ӴӓӠәӌәӍ ӌӐӖӓӕәӍ ӋӛәӲӊ Ӛӊ Ӣӊӕ ӓ ӴӓӠәӌӐ ӕәӘӟӖӓӕӝӘәӜӝӓ ңӊӕә ӌӓӜәӕ ӜӝӐӚӐӘ ӛӐӊӖӓӒӊӡӓӲӐ ӲӐӏӘәӍ ӡӓӳӊ ӗәӑӐ ӓӜӝәӌӛӐӗӐӘә ӒӘӊӢӓӝӓ ӚәӏӋӊӢӊӲ Ӟ ӛӐӊӖӓӒӊӡӓӲӓ ӏӛӞӍәӍ ӡӓӳӊ ӚәӲӐӏӓӘӊӢӘӓ ӡӓӳ ӢӐӜӝә ӘӐ ӗәӑӐ ӏӊ ӚӛӐӏӜӝӊӌӳӊ ӕӛӓӝӐӛӓӲӞӗ Ӓӊ ӞӝӌӛӬӓӌӊӴӐ ӐӟӐӕӝӓӌӘәӜӝӓ ӚӛӐӏӞӒӐӵӊ ҪӝәӍӊ ӡӐӖәӌӓӝӓӲӐ ӓӒӛӊӑӊӌӊӴӐ ӐӟӐӕӝӓӌӘәӜӝӓ ӚӛӐӏӞӒӐӵӊ ӘӊӲӢӐӣӵӐ Ӛәӏӛӊ ӒӞӗӐӌӊ ӓӜӝәӌӛӐӗӐӘә ӛӊӒӗӊӝӛӊӴӐ ӌӓӣӐ ӡӓ ӳӐӌӊ

39

ҝӛӞӍӓ ӒӘӊӢӊӲӊӘ ӚӛәӋӖӐӗ ӕәӲӓ ӜӐ ӘӊӕәӘ ӓӏӐӘӝӓӟӓӕәӌӊӴӊ ӡӓӳӐӌӊ ӗәӛӊ ӛӐӣӓӝӓ ӲӐӜӝӐ ӗӐӛӐӴӐ ӞӜӚӐӣӘәӜӝӓ ӚӛӐӏӞӒӐӵӊ Әӊ әӜӘәӌӞ ӜӝӐӚӐӘӊ әӜӝӌӊӛӐӴӊ әӏӊӋӛӊӘӓӠ ӡӓӳӐӌӊ ңәӘӕӛӐӝӘӓӲӐ ӝә ӒӘӊӢӓ ӘӐәӚӠәӏӘәӜӝ ӞӝӌӛӬӓӌӊӴӊ ӕӛӓӝӐӛӓӲӞӗӊ ӓ ӜӝӊӘӏӊӛӏӊ Ӓӊ ӗӐӛӐӴӐ ӐӟӐӕӝӓӌӘәӜӝӓ ҨӛӐӝӚәӜӝӊӌӕӊ Ӓӊ ӝә ӲӐӜӝӐ ӏӊ ӜӞ ӡӓ ӳӐӌӓ әӚӓӚӳӓӌӓ ӓ ӗӐӛӳӓӌӓ Ҭ ӒӊӌӓӜӘәӜӝӓ әӏ ӗӐӛӳӓӌәӜӝӓ ӡӓӳӐӌӊ ӚәӕӊӒӊӝӐӳӓ ӜӝӐӚӐӘӊ ӛӐӊӖӓӒӊӡӓӲӐ ӡӓӳӐӌӊ ӌӊӛӓӛӊӲӞ әӏ ӚӛӐӡӓӒӘӓӠ әӋӲӐӕӝӓӌӘӓӠ ӏә ӜӊӜӌӓӗ ӜӞӋӲӐӕӝӓӌӘӓӠ ӚӛәӡӐӘӊ ҫӊӕә ӜӐ Ӓӊ ӘӐӕӐ ӡӓӳӐӌӐ ӕӊә ӣӝә ӜӞ Ӛӛәӟӓӝ ӓӖӓ ӜӝәӚӊ ӛӊӜӝӊ ӚӛӐӡӓӒӘә ӗәӑӐ Ӟӝӌӛӏӓӝӓ ӜӝӐӚӐӘ ӴӓӠәӌәӍ әӜӝӌӊӛӐӴӊ ңӊӏӊ ӜӞ Ӟ ӚӓӝӊӴӞ ӏӛӞӍӓ ӡӓӳӐӌӓ Әӊ ӚӛӓӗӐӛ ӋӖӊӍәӜӝӊӴӐ ӒӊӚәӜӖӐӘӓӠ ӓӖӓ ӏӛӞӣӝӌӐӘӊ әӏӍәӌәӛӘәӜӝ ӚӛӐӏӞӒӐӵӊ ӢӐӜӝә ӘӐ ӚәӜӝәӲӐ ӲӊӜӘӓ ӕӛӓӝӐӛӓӲӞӗӓ Ӓӊ ӗӐӛӐӴӐ ӞӜӚӐӣӘәӜӝӓ ҪӝәӍӊ ӜӐ ӐӟӐӕӝӓӌӘәӜӝ Ӟ ӛӐӊӖӓӒӊӡӓӲӓ әӌӓӠ ӡӓӳӐӌӊ ӗәӛӊ ӞӝӌӛӬӓӌӊӝӓ Әӊ ӜӞӋӲӐӕӝӓӌӘӓӗ әӡӐӘӊӗӊ

ҨҡҫҘӂҘ ҡ ҠҘҝҘүҡ

ұӝӊ ӲӐ ӐӟӓӕӊӜӘәӜӝ ӊ ӣӝӊ ӐӟӐӕӝӓӌӘәӜӝ Ҭ ӕӊӕӌәӗ ӜӞ әӏӘәӜӞ ӐӟӓӕӊӜӘәӜӝ ӓ ӐӟӐӕӝӓӌӘәӜӝ ҦӊӌӐӏӓӝӐ ӓ әӋӲӊӜӘӓӝӐ ӛӊӒӖӓӕӐ ӓӒӗӐӬӞ ӒӌӊӘӓӢӘӓӠ ӓ әӚӐӛӊӝӓӌӘӓӠ ӡӓӳӐӌӊ ӚӛӐӏӞӒӐӵӊ ҧӋӲӊӜӘӓӝӐ ӚӛәӡӐӜ ӞӝӌӛӬӓӌӊӴӊ ӐӟӐӕӝӓӌӘәӜӝӓ ӓ ӐӟӓӕӊӜӘәӜӝӓ Ӛә ӚӛӓӜӝӞӚӞ әӜӝӌӊӛӐӴӊ ӡӓӳӐӌӊ

40

ПОЈАМ И ВРСТЕ ОКРУЖЕЊА ПРЕДУЗЕЋА ԣՑ՗՚ՍՌհՌ Ֆ՗ՌՋ՚ՎՌձՆ ӢӓӘӐ Ӝӌӓ ӐӖӐӗӐӘӝӓ ӓ ӴӓӠәӌӊ ӏӐӲӜӝӌӊ ӜӓӖӐ ӕәӲӓ ӜӞ ӓӒӌӊӘ ӚӛӐӏӞӒӐӵӊ ӓ ӗәӍӞ ӏӊ ӞӝӓӢӞ Әӊ ӚәӜӖәӌӊӴӐ ӚӛӐӏӞӒӐӵӊ ӓ ӴӐӍәӌ ӚӛӓӜӝӞӚ ӛӐӝӕӓӗ ӛӐӜӞӛӜӓӗӊ ҩӐӝӕӓ ӛӐӜӞӛӜӓ ӗәӍӞ Ӌӓӝӓ Әӊ ӚӛӓӗӐӛ ӘӐӕӓ ӚәӜӐӋӘӓ ӗӊӝӐӛӓӲӊӖӓ ӓӖӓ ӜӚӐӡӓӲӊӖӘә ӕәӘӜӝӛӞӓӜӊӘӐ ӗӊӣӓӘӐ ӕӊә ӓ ӓӘӟәӛӗӊӡӓӲӐ ӘӐәӚӠәӏӘӐ Ӓӊ әӏӖӞӢӓӌӊӴӐ ә ӘӊӜӝӞӚӞ Әӊ ӘӐӕәӗ ӝӛӑӓӣӝӞ ӓӖӓ Ӓӊ ӏәӘәӣӐӴӞ әӏӖӞӕӊ ә ӓӘӌӐ ӜӝӓӛӊӴӞ ҨәӛӐӏ ӝәӍӊ ӛӐӝӕӓ ӛӐӜӞӛӜӓ Ӓӊ ӚӛӐӏӞӒӐӵӐ ӗәӍӞ ӏӊ ӋӞӏӞ Ӛәӏӛӣӕӊ ӕӳӞӢӘӓӠ ӐӕәӘәӗӜӕӓӠ ӊӕӝӐӛӊ ӕӊә ӣӝә ӲӐ ӜӚӛӐӗӘәӜӝ ӕӞӚӊӡӊ ӏӊ ӕӞӚӞӲӞ ӚӛәӓӒӌәӏӐ ӚӛӐӏӞӒӐӵӊ ӓӖӓ ӜӚӛӐӗӘәӜӝ ӋӊӘӊӕӊ ӏӊ ӟӓӘӊӘӜӓӛӊӲӞ ӝә ӚӛӐӏӞӒӐӵӐ ҪӓӖӐ ӕәӲӐ ӗәӍӞ ӏӊ ӞӝӓӢӞ Әӊ ӚәӜӖәӌӊӴӐ ӚӛӐӏӞӒӐӵӊ ӓ ӴӐӍәӌӞ ӗәӍӞӵӘәӜӝ ӏӊ ӚӛӓӋӊӌӳӊ ӛӐӝӕӐ ӛӐӜӞӛӜӐ ӓӒ әӕӛӞӑӐӴӞ ӗәӍӞ Ӌӓӝӓ Әӊ ӚӛӓӗӐӛ ӚӛӓӝӓӜӊӕ ӕәӘӕӞӛӐӘӡӓӲӐ Әӊ ӚӛӐӏӞӒӐӵӐ ӏӊ ӜӗӊӴӓ ӚӛәӏӊӲӘӞ ӡӐӘӞ ӜӌәӲӓӠ Ӛӛәӓ Ӓӌәӏӊ ӞӜӌӊӲӊӴӐ ӘәӌӓӠ ӚӛәӚӓӜӊ ә Ӓӊӣӝӓӝӓ ӑӓӌәӝӘӐ ӜӛӐӏӓӘӐ ӕәӲӓ әӋӊӌӐӒӞӲӞ ӚӛӐӏӞӒӐӵӐ ӏӊ ӞӍӛӊӏӓ ӟӓӖӝӐӛӐ Ӓӊ ӚӛӐӢӓӣӵӊӌӊӴӐ әӝӚӊӏӘӓӠ ӌәӏӊ ӓ ӝӊӕә ӚәӌӐӵӊӌӊӲӞ ӝӛәӣӕәӌӐ ӚәӜӖәӌӊӴӊ ӚӛӐӏӞӒӐӵӊ ҦӊӲӒӘӊӢӊӲӘӓӲӓ ӏӐә әӕӛӞӑӐӴӊ Ӓӊ ӚӛӐ ӏӞӒӐӵӐ ӲӐ ӴӐӍәӌ ӏәӗӐӘ ԙՕՓՌՔ ӚӛӐӏӞӒӐӵӊ ӚӛӐӏӜӝӊӌӳӊ ӏӐә әӕӛӞӑӐӴӊ ӕәӲӐ ӲӐ ӚӛӐӏӞӒӐӵӐ ӓӒӊӋӛӊӖә Ӓӊ ӘӐӚәӜӛӐӏӘә ӚәӏӛӞӢӲӐ ӜӌәӍ ӚәӜӖә ӌӊӴӊ әӏӘәӜӘә ӛӊӏӓ ӛӐӊӖӓӒӊӡӓӲӐ ӡӓӳӐӌӊ ҝәӗӐӘ ӚӛӐӏӞӒӐӵӊ әӏӛӐӬӞӲӞ ӚӛәӓӒӌәӏӓ ӕәӲӐ ӲӐ ӚӛӐӏӞӒӐӵӐ ӓӒӊӋӛӊӖә ӏӊ ӚәӘӞӏӓ ӝӛӑӓӣӝӞ әӏӘәӜӘә ӕӞӚӡӓ ӢӓӲӐ ӚәӝӛӐӋӐ ӚӛӐӏӞӒӐӵӐ ӘӊӜӝәӲӓ ӏӊ Ӓӊӏәӌәӳӓ ҨӛӐӏӞӒӐӵӐ әӏӛӐӬӞӲӐ ӜӌәӲ ӏәӗӐӘ ӓ әӏӖӞӕәӗ ә ӝәӗӐ ӕӊӕә ӵӐ ӞӚӛӊӌӳӊӝӓ ӜӓӖӊӗӊ ӕәӲӐ ӏӐӖӞӲӞ Ӟ әӕӛӞӑӐӴӞ ҫӊӕә әӏ ӌӓӣӐ ӏәӋӊӌӳӊӢӊ ӘӐӕәӍ ӗӊӝӐӛӓӲӊӖӊ ӚӛӐӏӞӒӐӵӐ

ӗәӛӊ ӏӊ әӏӊӋӐӛӐ ӲӐӏӘәӍ ӓӖӓ ӘӐӕәӖӓӕә ӕәӲӓ ӵӐ Ӎӊ ӜӘӊӋӏӐӌӊӝӓ ӑӐӳӐӘӓӗ ӗӊӝӐӛӓӲӊӖәӗ ҡӖӓ әӏ ӌӓӣӐ ӋӊӘӊӕӊ ӚӛӐӏӞӒӐӵӐ ӗәӛӊ ӏӊ ӓӒӊӋӐӛӐ ӲӐӏӘӞ ӋӊӘӕӞ ӚӛӐӕә ӕәӲӐ ӵӐ әӋӊӌӳӊӝӓ ӚӖӊӝӘӓ ӚӛәӗӐӝ Ҭ әӌӓӗ ӚӛӓӗӐӛӓӗӊ Ӝӌӓ ӏәӋӊӌӳӊӢӓ ӓӖӓ ӜӌӐ ӋӊӘӕӐ ӜӞ ӐӖӐӗӐӘӝӓ ӘӐӚәӜӛӐӏӘәӍ әӕӛӞӑӐӴӊ ӚӛӐӏӞӒӐӵӊ ӊӖӓ ӜӞ Ӝӊӗә ӓӒӊӋӛӊӘӓ ӏәӋӊӌӳӊӢӓ ӓӖӓ ӓӒӊӋӛӊӘӊ ӋӊӘӕӊ ӐӖӐӗӐӘӝӓ ӏәӗӐӘӊ ӚӛӐӏӞӒӐӵӊ ҧӏӛӑӊӌӊӲӞӵӓ әӏӘәӜӐ Ӝӊ әӕӛӞӑӐӴӐӗ ӚӛӐӏӞӒӐӵӐ ӘӊӜӝәӲӓ ӏӊ ӞӚӛӊӌӳӊ ӜӌәӲӓӗ ӝӛӊӘӜӊӕӡӓӲӊӗӊ ӝӊӕә ӏӊ Ӛӛәӣӓӛӓ ӓ Ӓӊӣӝӓӝӓ ӜӌәӲ ӏәӗӐӘ ҪӝӊӖӘӓӗ ӘӊӜӝәӲӊӴӐӗ ӏӊ Ӓӊӏәӌәӳӓ ӒӊӠӝӐӌӐ ӜӌәӲӓӠ ӕӞӚӊӡӊ ӚӛӐӏӞӒӐӵӐ Ӓӊӏӛӑӊӌӊ Ӛә ӜӝәӲӐӵӐ ӓ әӜӌӊӲӊ ӘәӌӐ ӕӞӚӡӐ ӓ ӝӊӕә ӣӝӓӝӓ ӓ ӣӓӛӓ ӜӌәӲ ӏәӗӐӘ ҧӕӛӞӑӐӴӐ ӜӐ ӗәӑӐ ӚәӏӐӖӓӝӓ Әӊ ӌӐӵӓ ӋӛәӲ ՘ՌՑՙՕ՗Ն ӕӊә ӏӐӖәӌӊ әӕӛӞӑӐӴӊ ӕәӲӓ ӓӗӊ ӲӞ ӜӖӓӢӘӐ ӐӖӐӗӐӘӝӐ ҪӐӕӝәӛӓ әӕӛӞӑӐӴӊ Әӊ ӚӛӓӗӐӛ ӗәӍӞ Ӌӓӝӓ ӓӘӏӞӜӝӛӓӲӜӕӊ ӍӛӊӘӊ ӜӓӛәӌӓӘӐ ӓ ӗӊӝӐӛӓӲӊӖӓ ӳӞӏӜӕӓ ӛӐӜӞӛӜӓ ӟӓӘӊӘӜӓӲӜӕӓ ӛӐӜӞӛӜӓ ӝӛӑӓӣӝӐ ӝӐӠӘәӖәӍӓӲӊ ӐӕәӘәӗӜӕӓ ӞӜӖәӌӓ ӌӖӊӏӊ ӜәӡӓәӕӞӖӝӞӛӘӓ ӜӐӕӝәӛ ӓ ӗӐӬӞӘӊӛәӏӘӓ ӜӐӕӝәӛ Ҧӊ ӜӖӓӡӓ ӚӛӓӕӊӒӊӘӓ ӜӞ ӝӓӚӓӢӘӓ ӜӐӕӝәӛӓ әӕӛӞӑӐӴӊ ӚӛӐӏӞӒӐӵӊ Ҭ ӒӊӌӓӜӘәӜӝӓ әӏ ӓӘӝӐӘӒӓӝӐӝӊ ӗӐӬӞӏӐӲӜӝӌӊ ӚӛӐ ӏӞӒӐӵӊ ӓ әӕӛӞӑӐӴӊ ӓ ӘӊӢӓӘӊ Әӊ ӕәӲӓ Ӛә ӲӐӏӓӘӐ ӜӓӖӐ ӓӒ әӕӛӞӑӐӴӊ ӞӝӓӢӞ Әӊ ӚӛӐӏӞӒӐӵӐ әӕӛӞӑӐӴӐ ӚӛӐӏӞӒӐӵӊ ӗәӑӐ ӜӐ ӚәӏӐ Ӗӓӝӓ Әӊ ӜӚӐӡӓӟӓӢӘә ӛӊӏӘә әӕӛӞӑӐӴӐ ӓ әӚ ӣӝӐ әӕӛӞӑӐӴӐ ԦՖՌ՝Տ՛Տ՞ՔՕ ՕՑ՗՚ՍՌհՌ ӢӓӘӐ ӜӐӕӝәӛӓ әӕӛӞӑӐӴӊ Ӝӊ ӕәӲӓӗӊ ӲӐ ӚӛӐӏӞӒӐӵӐ Ӟ ӏӓӛӐӕӝӘәӲ ӗӐӬӞӒӊӌӓӜӘәӜӝӓ ӓ ӢӓӲӓ ӐӖӐӗӐӘӝӓ ӓ ӜӓӖӐ ӓӗӊӲӞ ӘӐӚәӜӛӐӏӊӘ ӞӝӓӡӊӲ Әӊ ӚәӜӖәӌӊӴӐ ӓ ӗә-

Појам и врсте окружења предузећа

ӍӞӵӘәӜӝ ӚӛӐӏӞӒӐӵӊ ӏӊ ӚӛӓӋӊӌӓ ӛӐӜӞӛӜӐ ҝӓӛӐӕӝӘә әӕӛӞӑӐӴӐ ӚӛӐӏӞӒӐӵӊ ӘӊӲӢӐӣӵӐ ӢӓӘӐ ӜӐӕӝәӛ ӓӘӏӞӜӝӛӓӲӜӕӐ ӍӛӊӘӐ ӜӐӕӝәӛ ӜӓӛәӌӓӘӊ ӓ ӗӊӝӐӛӓӲӊӖӊ ӜӐӕӝәӛ ӳӞӏӜӕӓӠ ӛӐӜӞӛӜӊ ӜӐӕӝәӛ ӟӓӘӊӘӜӓӲӜӕӓӠ ӛӐӜӞӛӜӊ ӜӐӕӝәӛ ӝӛӑӓӣӝӊ ӜӐӕӝәӛ ӝӐӠӘәӖәӍӓӲӐ ӜӐӕӝәӛ ӐӕәӘәӗӜӕӓӠ ӞӜӖә ӌӊ ӌӖӊӏӓӘ ӜәӡӓәӕӞӖӝӞӛӘӓ ӓ ӗӐӬӞӘӊӛәӏӘӓ

41

ӜӐӕӝәӛ Қӊӳӊ ӘӊӍӖӊӜӓӝӓ ӏӊ Ӝӌӓ ӐӖӐӗӐӘӝӓ ӓ ӜӓӖӐ ӚәӋӛәӲӊӘӓӠ ӜӐӕӝәӛӊ ӘӐӗӊӲӞ ӓӜӝӓ ӒӘӊӢӊӲ Ӓӊ Ӝӌӊ ӚӛӐӏӞӒӐӵӊ ӕӊә ӓ ӏӊ ӘӐӕӓ ӐӖӐӗӐӘӝӓ әӌӓӠ ӜӐӕӝәӛӊ ӗәӍӞ ӓӘӏӓӛӐӕӝӘә Ӟӝӓӡӊӝӓ Әӊ ӚәӲӐӏӓӘӊ ӚӛӐӏӞӒӐӵӊ ӓ Ӟ ӝәӗ ӜӗӓӜӖӞ ӗәӍӞ Ӌӓӝӓ ӐӖӐӗӐӘӝӓ ӜӚӐӡӓӟӓӢӘәӍ ӓӖӓ әӚӣӝӐӍ әӕӛӞ ӑӐӴӊ

народни котекст Meђу

(д) Међународни сектор

(а) Сектор индустријске гране

(б) Сектор сировина и материјала

ДОМЕН (в) Сектор људских ресурса

(д) Социокултурни сектор

ПРЕДУЗЕЋЕ

(д) Владин сектор

(д) Сектор економских услова

(г) Сектор финансијских ресурса

(д) Сектор тржишта (д) Сектор технологије

ҪӖӓӕӊ ԣՑ՗՚ՍՌհՌ Ֆ՗ՌՋ՚ՎՌձՆ ӊ ӕәӘӕӞӛӐӘӡӓӲӊ ӌӐӖӓӢӓӘӊ ӓӘӏӞӜӝӛӓӲӜӕӐ ӍӛӊӘӐ ӓ ӴӐӘӊ ӕәӘӕӞӛӐӘӝӘәӜӝ ӚәӌӐӒӊӘӐ ӓӘӏӞӜӝӛӓӲӜӕӐ ӍӛӊӘӐ Ӌ ӏәӋӊӌӳӊӢӓ ӚӛәӓӒӌәӬӊӢӓ ӊӍӐӘӡӓӲӐ Ӓӊ ӘӐӕӛӐӝӘӓӘӐ ӞӜӖӞӍӐ ӌ ӝӛӑӓӣӝӐ ӛӊӏӊ ӊӍӐӘӡӓӲӐ Ӓӊ ӒӊӚәӣӳӊӌӊӴӐ ӞӘӓӌӐӛӒӓӝӐӝӓ ӝӛӐӘӓӘӍ ӡӐӘӝӛӓ ӒӊӚәӜӖӐӘӓ Ӟ ӏӛӞӍӓӗ ӚӛӐӏӞӒӐӵӓӗӊ ӜӓӘӏӓӕӊӝӓ Ӎ ӋӐӛӒӊ ӋӊӘӕӐ ӣӝӐӏӴӊ ӓ ӕӛӐӏӓӝӓ ӚӛӓӌӊӝӘӓ ӓӘӌӐӜӝӓӝәӛӓ ӏ ӕӞӚӡӓ ӕӖӓӲӐӘӝӓ ӚәӝӐӘӡӓӲӊӖӘӓ ӕәӛӓӜӘӓӡӓ ӚӛәӓӒӌәӏӊ ӓ ӞӜӖӞӍӊ Ӭ ӝӐӠӘәӖәӍӓӲӊ ӚӛәӓӒӌәӏӴӐ ӘӊӞӕӊ ӓӜӝӛӊӑӓӌӊӢӕӓ ӡӐӘӝӛӓ Әәӌӓ ӗӊӝӐӛӓӲӊӖӓ Ӑ ӛӐӡӐӜӓӲӊ ӜӝәӚӊ ӘӐӒӊӚәӜӖӐӘәӜӝӓ ӜӝәӚӊ ӓӘӟӖӊӡӓӲӐ ӜӝәӚӊ ӓӘӌӐӜӝӓӡӓӲӊ ӐӕәӘәӗӜӕӓ ӛӊӜӝ ӑ ӖәӕӊӖӘӓ ӛӐӚӞӋӖӓӢӕӓ ӓ ӜӊӌӐӒӘӓ ӚӛәӚӓӜӓ ӚәӛӐӒӓ ӞӜӖӞӍӐ ӜӞӏӜӕӓ ӜӓӜӝӐӗ ӚәӖӓӝӓӢӕӓ ӚӛәӡӐӜӓ Ӓ ӜӝӊӛәӜӝ ӌӛӐӏӘәӜӝӓ ӌӐӛәӌӊӴӊ әӋӛӊӒәӌӊӴӐ ӛӐӖӓӍӓӲӊ ӛӊӏӘӓ ӗәӛӊӖ ӚәӝӛәӣӊӢӕӓ ӓ ӐӕәӖәӣӕӓ ӚәӕӛӐӝӓ ӓ ӕәӘӕӞӛӐӘӡӓӲӊ ӜӝӛӊӘӓӠ ӚӛӐӏӞӒӐӵӊ ӞӖӊӒӊӕ Әӊ ӜӝӛӊӘӊ ӝӛӑӓӣӝӊ ӜӝӛӊӘӓ ӕӞӚӡӓ ӛӐӍӞӖӊӝӓӌӊ ӏӐӌӓӒӘӓ ӕӞӛӜ

42

Предузеће

ԢՆծՎՔՆ՞ՆծՔՏծՏ ՌՒՌՓՌՔՙՏ ՘ՖՌ՝Տ՛Տ՞ՔՕՉ ՕՑ՗՚ՍՌհՆ ՕՇՏ՞ՔՕ ՘՚ ӕӞӚӡӓ ӏәӋӊӌӳӊӢӓ ӏӓ ӜӝӛӓӋӞӝӐӛӓ ӜӓӘӏӓӕӊӝӓ ӕәӘӕӞӛӐӘӡӓӲӊ ӓ ӌӖӊӏӊ ҨӛәӗӐӘӐ ӋӛәӲӊ ӓ ӝӓӚӊ ӕӞӚӊӡӊ ӕӊә ӓ ӚӛәӗӐӘӐ ӴӓӠәӌӓӠ ӚәӝӛӐӋӊ ӚӛӐӏӜӝӊӌӳӊӲӞ ӲӐӏӘӞ әӏ ӜӓӖӊ ӕәӲӐ ӘӊӲӜӘӊӑӘӓӲӐ ӏӐӖӞӲӞ Әӊ ӚәӜӖәӌӊӴӐ ӚӛӐӏӞӒӐӵӊ ҝӊ Ӌӓ ӚӛӐӏӞӒӐӵӐ ӞӜӚӐ ӣӘә ӚәӜӖәӌӊӖә ӗәӛӊ ӏӊ ӓӗӊ ӏӐӟӓӘӓӜӊӘӞ ӜӝӛӊӝӐӍӓӲӞ ӞӜӚәӜӝӊӌӳӊӴӊ әӏӘәӜӊ Ӝӊ ӕӞӚӡӓӗӊ ӓ әӌӊ ӜӝӛӊӝӐӍӓӲӊ ӜӐ ӗәӛӊ ӗӐӴӊӝӓ Ӟ ӜӕӖӊӏӞ Ӝӊ ӚӛәӗӐӘӊӗӊ ӚәӝӛӐӋӊ ӓ ӚәӝӛәӣӊӢӕӓӠ Әӊӌӓӕӊ ӕӞӚӊӡӊ ҪӖӓӢӘә ӚӛӐӏӞӒӐӵӐ ӗәӛӊ ӏӐӟӓӘӓӜӊӝӓ ӜӝӛӊӝӐӍӓӲӞ ӞӜӚәӜӝӊӌӳӊӴӊ ӓ ӛӊӒӌәӲӊ әӏӘәӜӊ Ӝӊ ӏәӋӊӌӳӊӢӓӗӊ ӓ ӏӓӜӝӛӓӋӞӝӐӛӓӗӊ ӕӊӕә Ӌӓ әӋӐӒӋӐӏӓӖә ӜӝӊӋӓӖӘә ӜӘӊӋӏӐӌӊӴӐ ӘӐәӚӠәӏӘӓӗ ӛӐӜӞӛӜӓӗӊ ӕӊә ӓ ӓӜӚәӛӞӕӞ ӜӌәӲӓӠ ӚӛәӓӒӌәӏӊ Әӊ ӌӛӐӗӐ ӓ Әӊ ӑӐӳӐӘӊ ӗӐӜӝӊ ҪӖӓӢӘә ӝәӗӐ ӚӛӐӏӞӒӐӵӐ ӗәӛӊ Ӌӓӝӓ ӊӕӝӓӌӘә ӞӕӳӞӢӐӘә Ӟ ӝӛӊӘӜӊӕӡӓӲӐ ӓ Ӝӊ ӏӛӞӍӓӗ ӐӖӐӗӐӘӝӓӗӊ әӕӛӞӑӐӴӊ ӓ ӏӐӖәӌӊӝӓ Әӊ ӏӛӞӍӐ ӜӓӖӐ ӓӒ әӕӛӞӑӐӴӊ ӕӊӕә Ӌӓ ӒӊӣӝӓӝӓӖә ӓ ӚӛәӣӓӛӓӖә ӜӌәӲ ӏәӗӐӘ ҫӊӕә ӚӛӐӏӞӒӐӵӐ ӕәӲӐ Ӟ ӜӌәӲ ӚӛәӓӒӌәӏӘӓ ӊӜәӛӝӓӗӊӘ Ӟӌәӏӓ Әәӌ ӚӛәӓӒӌәӏ ӣӓӛӓ ӜӌәӲ ӏәӗӐӘ ӘӞӑӘә ӜӝӞӚӊӲӞӵӓ Ӟ ӘәӌӐ ӝӛӊӘӜӊӕӡӓӲӐ Ӝӊ әӕӛӞӑӐӴӐӗ ӘӐ Ӝӊӗә Ӝӊ Әәӌӓӗ ӕӞӚӡӓӗӊ ӌӐӵ ӓ Ӝӊ ӏӛӞӍӓӗ ӐӖӐӗӐӘӝӓӗӊ әӕӛӞӑӐӴӊ ӕӊӕә Ӌӓ әӋӐӒӋӐӏӓӖә ӘӐӏәӜӝӊӲӞӵӐ ӛӐӜӞӛӜӐ Ӓӊ ӚӛәӓӒӌәӏӴӞ ӘәӌәӍ ӚӛәӓӒӌәӏӊ ԣՖ՟ՙՌ ՕՑ՗՚ՍՌհՌ әӋӞӠӌӊӝӊ ӜӐӕӝәӛӐ ӕәӲӓ ӘӐ ӞӝӓӢӞ ӏӓӛӐӕӝӘә Әӊ ӚӛӐӏӞӒӐӵӐ ӊӖӓ ӏӐӖӞӲӞӵӓ Әӊ ӜӚӐӡӓӟӓӢӘә әӕӛӞӑӐӴӐ ӚәӜӛӐӏӘә

ӞӝӓӢӞ Әӊ ӚәӜӖәӌӊӴӐ ӚӛӐӏӞӒӐӵӊ ӓ ӴӐӍәӌӞ ӗәӍӞӵӘәӜӝ ӏӊ ӚӛӓӋӊӌӓ ӛӐӝӕӐ ӛӐӜӞӛӜӐ ҦӊӲӢӐӣӵӐ әӚӣӝӐ әӕӛӞӑӐӴӐ ӢӓӘӐ ӐӖӐӗӐӘӝӓ ӓӒ ӜӐӕӝәӛӊ ӌӖӊӏӐ ӜәӡӓәӕӞӖӝӞӛӘәӍ ӜӐӕӝәӛӊ ӜӐӕӝәӛӊ ӐӕәӘәӗӜӕӓӠ ӞӜӖәӌӊ ӜӐӕӝәӛӊ ӝӐӠӘәӖәӍӓӲӐ ӓ ӜӐӕӝәӛӊ ӟӓӘӊӘӜӓӲӜӕӓӠ ӛӐӜӞӛӜӊ ҨӛәӗӐӘӐ ӐӕәӘәӗӜӕӓӠ ӞӜӖәӌӊ ӕәӲӐ ӜӐ ӗәӍӞ ӓӒӛӊӒӓӝӓ ӚӛәӗӐӘәӗ ӜӝәӚӐ ӘӐӒӊӚәӜӖӐӘәӜӝӓ ӜӝәӚӐ ӓӘӟӖӊӡӓӲӐ ӜӝәӚӐ ӓӘӌӐӜӝӓӡӓӲӊ ӜӝәӚӐ ӐӕәӘәӗӜӕәӍ ӛӊӜӝӊ ӓ ӜӖӓӢӘӓӗ ӗӐӛӓӖӓӗӊ ӞӝӓӢӞ Әӊ ӚӛәӗӐӘӞ ӐӕәӘәӗӜӕәӍ ӚәӖәӑӊӲӊ ӜӝӊӘәӌӘӓӣӝӌӊ ӓ ӝӊӕә ӚәӜӛӐӏӘә ӗәӍӞ Ӟӝӓӡӊӝӓ Әӊ ӝӛӊӑӴӞ Ӓӊ ӚӛәӓӒӌәӏӓӗӊ ӚӛӐӏӞӒӐӵӊ ҪӖӓ ӢӘә ӏӐӗәӍӛӊӟӜӕӐ ӚӛәӗӐӘӐ ӕӊә ӣӝә ӜӞ ӚӛәӗӐӘӐ ӜӝӊӛәӜӘӐ ӜӝӛӞӕӝӞӛӐ ӜӝӊӘәӌӘӓӣӝӌӊ ӚӛәӗӐӘӐ әӋӛӊӒәӌӘәӍ Әӓӌәӊ ӜӝӊӘәӌӘӓӣӝӌӊ ӚӛәӗӐӘӐ Ӟ Ӝӝӊӌәӌӓӗӊ ӌӛӐӏӘәӜӝӓӗӊ ӓ ӌӐӛәӌӊӴӓӗӊ ӜӝӊӘәӌӘӓӣӝӌӊ ӓӒӊӒӓӌӊӲӞ ӚӛәӗӐӘӐ ӚәӝӛӐӋӊ ӜӝӊӘәӌӘӓӣӝӌӊ ӓ ӝӊӕә ӚәӜӛӐӏӘә ӗәӍӞ Ӟӝӓӡӊӝӓ Әӊ ӝӛӊӑӴӞ Ӓӊ ӚӛәӓӒӌәӏӓӗӊ ӚӛӐӏӞӒӐӵӊ

ҨҡҫҘӂҘ ҡ ҠҘҝҘүҡ

ҝӐӟӓӘӓӣӓӝӐ әӕӛӞӑӐӴӐ ӚӛӐӏӞӒӐӵӊ ұӝӊ ӲӐ ӏәӗӐӘ ӚӛӐӏӞӒӐӵӊ Ҧӊ ӕәӲӓ ӘӊӢӓӘ ӚӛӐӏӞӒӐӵӐ ӣӓӛӓ ӓ ӣӝӓӝӓ ӜӌәӲ ӏәӗӐӘ ҧӋӲӊӜӘӓӝӐ ӜӖӓӢӘәӜӝӓ ӓ ӛӊӒӖӓӕӐ ӜӚӐӡӓӟӓ ӢӘәӍ ӓ әӚӣӝӐӍ әӕӛӞӑӐӴӊ

43

ПОЈАМ И СТРУКТУРА ФУНКЦИЈА ПРЕДУЗЕЋА ԩ՚ՔՑ՝ՏծՌ ՘՚ ՗ՌՒՆՙՏՈՔՕ ՈՌՒՏՑՌ Չ՗՚ՖՌ ՘՗ՕՋՔՏ՜ ՆՑՙՏՈՔՕ՘ՙՏ ՑՕծՏՓՆ ՘Ռ ՏՎՈ՗՟ՆՈՆ ՕՋ՗ՌըՌՔՏ ՙ՗ՆծՔՏծՏ ՎՆՋՆՙՆՑ ՚ Ֆ՗Օ՝Ռ՘՚ Օ՘ՙՈՆ՗ՌհՆ ՝ՏկՆ Ֆ՗ՌՋ՚ՎՌձՆ ҘӕӝӓӌӘәӜӝӓ ӲӐӏӘӐ ӟӞӘӕӡӓӲӐ ӗӐӬӞӜәӋӘә ӜӞ ӜӛәӏӘӐ Ӛә ӕӊӛӊӕӝӐӛӞ ӛӊӏӊ ӕәӲӓӗ ӜӐ әӋӊӌӳӊӲӞ ӜӝӛӞӢӘәӗ ӚӛәӟӓӖӞ ӴӓӠәӌӓӠ ӓӒӌӛӣӓӖӊӡӊ ӜӌәӲәӲ ӜӌӛӜӓ ӓ ӏӛӞӍӓӗ ӕӊӛӊӕӝӐӛӓӜӝӓӕӊӗӊ ҨәӏӐӖәӗ ӛӊӏӊ Ӟ ӚӛӐӏӞӒӐӵӞ ӓӖӓ ӞӘӞӝӛӊӣӴәӗ ӚәӏӐӖәӗ ӛӊӏӊ ӕәӲӊ ӗәӑӐ Ӌӓӝӓ ӌӐӛӝӓӕӊӖӘӊ ӓ ӠәӛӓӒәӘӝӊӖӘӊ ӓ ӍӛӞӚӓӜӊӴӐӗ ӜӛәӏӘӓӠ ӊӕӝӓӌӘәӜӝӓ әӋӛӊӒӞӲӐ ӜӐ ӜӓӜӝӐӗ ӟӞӘӕӡӓӲӊ ԖՌ՗ՙՏՑՆՒՔՆ ՖՕՋՌՒՆ ՗ՆՋՆ ӌӛӣӓ ӜӐ ӚӛӐӗӊ ӞӖәӒӓ ӕәӲӞ ӚәӲӐӏӓӘӐ ӊӕӝӓӌӘәӜӝӓ ӓӗӊӲӞ Ӟ ӏӐӟӓӘӓӜӊӴӞ ӓ әӜӝӌӊӛӐӴӞ ӡӓӳӐӌӊ ӚӛӐӏӞӒӐӵӊ ҚӐӛӝӓӕӊӖӘәӗ ӚәӏӐӖәӗ ӛӊӏӊ әӋӛӊӒӞӲӐ ӜӐ Ӝӓ ӜӝӐӗ Ֆ՗ՏՓՆ՗ՔՏ՜ ՛՚ՔՑ՝ՏծՆ Ֆ՗ՌՋ՚ՎՌձՆ ӕәӲӓ ӢӓӘӐ ӟӞӘӕӡӓӲӐ ӞӚӛӊӌӳӊӴӊ ӛӞӕәӌәӬӐӴӊ ӓ ӓӒӌӛӣӐӴӊ ԪՕ՗ՏՎՕՔՙՆՒՔՕՓ ՏՒՏ ՙՌ՜ՔՏ՞ՑՕՓ ՖՕՋՌՒՕՓ ӛӊӏӊ Ӓӊӏӊӝӊӕ ӚӛӐӏӞӒӐӵӊ ӜӐ ӏӐӖӓ Әӊ ӕәӘӕӛӐӝӘӐ ӒӊӏӊӝӕӐ ӓ ӒӊӏӞӑӐӴӊ ӚәӲӐӏӓӘӊӡӊ Ӟ ӚӛәӡӐӜӞ ӛӊӏӊ ҠӋәӍ ӋӛәӲӘәӜӝӓ ӓ ӛӐӖӊӝӓӌӘӐ ӛӊӒӘәӌӛ ӜӘәӜӝӓ Ӓӊӏӊӝӊӕӊ ӘӐәӚӠәӏӘә ӲӐ ӓӒӌӛӣӓӝӓ ӝӐ ӠӘӓӢӕӞ ӚәӏӐӖӞ ӛӊӏӊ ҫӐӠӘӓӢӕӊ ӚәӏӐӖӊ ӛӊӏӊ әӜӝӌӊӛӞӲӐ ӜӐ ӞӘӞӝӊӛ ӟӞӘӕӡӓӲӐ ӓӒӌӛӣӐӴӊ ӏәӕ ӜӐ ӟӞӘӕӡӓӲӐ ӞӚӛӊӌӳӊӴӊ ӓ ӟӞӘӕӡӓӲӐ ӛӞӕәӌәӬӐӴӊ ӏӊӳӐ ӘӐ ӏӐӖӐ ӒӋәӍ ӠәӗәӍӐӘәӜӝӓ ӴӓӠәӌӓӠ ӊӕӝӓӌӘәӜӝӓ ҭӞӘӕӡӓӲӐ ӕәӲӐ ӘӊӜӝӊӲӞ ӝӐӠӘӓӢӕәӗ ӚәӏӐӖәӗ ӛӊӏӊ Ӟ әӕӌӓӛӞ ӚӛӓӗӊӛӘӐ ӟӞӘӕӡӓӲӐ ӓӒӌӛӣӐӴӊ ӘӊӒӓӌӊӲӞ ӜӐ ՘ՌՑ՚ՔՋՆ՗ՔՌ ՛՚ՔՑ՝ՏծՌ ҙӛәӲ ӜӐӕӞӘӏӊӛӘӓӠ ӟӞӘӕӡӓӲӊ ӒӊӌӓӜӓ әӏ ӌӐӖӓӕәӍ ӋӛәӲӊ ӟӊӕӝәӛӊ ӊ ӘӊӛәӢӓӝә әӏ ӌӐӖӓӢӓӘӐ ӚӛӐӏӞӒӐӵӊ ӏӐӖӊӝӘәӜӝӓ ӝӐӠӘӓӢӕӓӠ ӗәӍӞӵӘәӜӝӓ ӓ ӕӊӏӛәӌӜӕӐ әӜӚәӜәӋӳӐӘәӜӝӓ Ӓӊ әӋӊӌӳӊӴӐ ӚәӲӐӏӓӘӓӠ ӊӕӝӓӌӘәӜӝӓ Ӝ ӲӐӏӘӐ

ӜӝӛӊӘӐ ӓ ӚәӝӛӐӋӊ ӚӛӐӏӞӒӐӵӊ Ӓӊ ӝӓӗ ӊӕӝӓӌӘәӜӝӓӗӊ Ӝ ӏӛӞӍӐ ӜӝӛӊӘӐ ҪӓӜӝӐӗ ӜӐӕӞӘӏӊӛӘӓӠ ӟӞӘӕӡӓӲӊ ӘӊӲӢӐӣӵӐ ӢӓӘӐ ӜӖӐӏӐӵӐ ӟӞӘӕӡӓӲӐ ӓӜӝӛӊӑӓӌӊӴӐ ӓ ӛӊӒӌәӲ ӚӖӊӘӓӛӊӴӐ әӛӍӊӘӓӒәӌӊӴӐ ӘӊӋӊӌӕӊ ӚӛәӓӒӌәӏӴӊ ӚӛәӏӊӲӊ ӟӓӘӊӘӜӓӲӐ ӛӊӢӞӘәӌәӏӜӝӌә ӕӊӏӛәӌӜӕӓ ӚәӜӖәӌӓ ӓӘӟәӛӗӊӝӓӕӊ ӓ ӕәӘӝӛәӖӊ

9.1. УПРАВЉАЊЕ ԨՖ՗ՆՈկՆհՌ ծՌ Ֆ՗Օ՝Ռ՘ ՋՕՔՕ՟ՌհՌ ՕՋՒ՚ՑՆ ՑՕծՏՓՆ ՘Ռ ՕՋ՗Ռը՚ծ՚ ՝ՏկՌՈՏ Ֆ՗ՌՋ՚ՎՌձՆ ՚՘ՓՌ՗ՆՈՆծ՚ ՆՑՙՏՈՔՕ՘ՙՏ ՑՆ ՖՕ՘ՙՏՎՆհ՚ ՝ՏկՌՈՆ Տ ՗Ն՘ՖՕ՗Ռը՚ծ՚ ՗ՌՎ՚ՒՙՆՙՏ ՖՕ՘ՒՕՈՆհՆ ҪӝәӍӊ ӜӐ ӟӞӘӕӡӓӲӊ ӞӚӛӊӌӳӊӴӊ Ӝӌәӏӓ Әӊ ӏәӘәӣӐӴӐ ӜӖӐӏӐӵӓӠ әӏӖӞӕӊ ӕәӲӓӗӊ ӜӐ r әӏӛӐӬӞӲӞ ӡӓӳӐӌӓ r Ӟ ӝӌӛӬӞӲӐ ӣӝӊ ӝӛӐӋӊ Ӟӛӊӏӓӝӓ ӏӊ Ӌӓ ӜӐ ӡӓӳӐӌӓ әӜӝӌӊӛӓӖӓ r ӜӊӍӖӐӏӊӌӊӲӞ ӞӜӖәӌӓ Ӛәӏ ӕәӲӓӗӊ ӜӐ ӝӐӑӓ әӜӝӌӊӛӐӴӞ ӡӓӳӐӌӊ ӓ r ӛӊӜӚәӛӐӬӞӲӞ ӛӐӒӞӖӝӊӝӓ ӚәӜӖәӌӊӴӊ ҧӏӛӐӬӓӌӊӴӐ ӡӓӳӐӌӊ ӚӛӐӏӞӒӐӵӊ ӚӛӐӝӚәӜӝӊӌӳӊ ӏәӘәӣӐӴӐ әӏӖӞӕӊ ә әӚӣӝӓӗ ӡӓӳӐӌӓӗӊ ӕәӲӓӗӊ ӜӐ әӋӐӒӋӐӬӞӲӞ әӚӜӝӊӘӊӕ ӓ ӛӊӒӌәӲ ӚӛӐӏӞӒӐӵӊ ҧӏӖӞӢӓӌӊӴӐӗ ә ӝәӗӐ ӣӝӊ ӝӛӐӋӊ Ӟӛӊӏӓӝӓ ӏӊ Ӌӓ ӜӐ әӜӝӌӊӛӓӖӓ ӡӓӳӐӌӓ ӕәӘӕӛӐӝӓӒӞӲӐ ӜӐ ՎՆՋՆՙՆՑ ӚӛӐӏӞӒӐӵӊ ӣӝә ӜӐ ӚәӜӝӓӑӐ Ӟ ՖՒՆՔ՚ ӚӛӐӏӞӒӐӵӊ ҧӏӖӞӢӓӌӊӴӐ ә ӞӜӖәӌӓӗӊ Ӛәӏ ӕәӲӓӗӊ ӜӐ ӝӐӑӓ әӜӝӌӊӛӓӌӊӴӞ ӡӓӳӊ ӒӘӊӢӓ ӞӝӌӛӬӓӌӊӴӐ ӞӜӖәӌӊ ӞӚәӝӛӐӋӐ ӛӊӏӘӐ ӜӘӊӍӐ ӓ ӜӛӐӏӜӝӊӌӊ ӚӛӐӏӞӒӐӵӊ ҦӊӲӒӊӏ әӏӖӞӕӊ ә ӛӊӜӚәӏӐӖӓ ӛӐӒӞӖӝӊӝӊ ӚәӏӛӊӒӞӗӐӌӊ ӞӝӌӛӬӓӌӊӴӐ ӚӛӓӘӡӓӚӊ ӞӜӖәӌӊ ӓ ӘӊӢӓӘӊ ӛӊӜӚәӏӐӖӐ ӛӐӒӞӖӝӊӝӊ ӚәӜӖәӌӊӴӊ ӚӛӐӏӞӒӐӵӊ

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Предузеће

ҦәӜӓәӡӓ ӟӞӘӕӡӓӲӐ ӞӚӛӊӌӳӊӴӊ ӜӞ ՈՒՆ՘ՔՏ՝Տ ӚӛӐӏӞӒӐӵӊ ҚӖӊӜӘӓӡӓ ӗәӍӞ ՔՌՖՕ՘՗ՌՋՔՕ ՚Ֆ՗ՆՈկՆՙՏ ӚӛӐӏӞӒӐӵӐӗ ӓӖӓ ӚӛӐӘӐӝӓ Ӛӛӊӌә ӞӚӛӊ ӌӳӊӴӊ Әӊ Օ՗ՉՆՔՌ ՚Ֆ՗ՆՈկՆհՆ.

9.2. РУКОВОЂЕЊЕ ԥ՚ՑՕՈՕըՌհՌ Ֆ՗ՌՋ՘ՙՆՈկՆ Ֆ՗ՌՈՕըՌհՌ ՚Ֆ՗ՆՈկՆ՞ՑՏ՜ ՕՋՒ՚ՑՆ ՚ ՑՕՔՑ՗ՌՙՔՌ ՗ՆՋՔՌ ՎՆՋՆՙՑՌ ՑՆՕ Տ ՖՕՈՌՎՏՈՆհՌ Տ ՚՘ՑՒՆըՏՈՆհՌ ՆՑՙՏՈՔՕ՘ՙՏ Ֆ՚ՙՌՓ ՑՕծՏ՜ ՘Ռ ՙՏ ՎՆՋՆ՝Տ ՗ՌՆՒՏՎ՚ծ՚ ՚ Ֆ՗Օ՝Ռ՘՚ Օ՘ՙՈՆ՗ՏՈՆհՆ ՝ՏկՆ Ֆ՗ՌՋ՚ՎՌձՆ ҩӞӕәӌәӬӐӴӐӗ ӜӐ ӚӛӐӗӊ ӝәӗӐ Ӓӊӏӊӡӓ ӚӛӐӏӞӒӐӵӊ ӕәӲӐ ӜӞ ӚәӜӝӊӌӓӖӓ әӛӍӊӘӓ ӞӚӛӊӌӳӊӴӊ ӕәӘӕӛӐӝӓӒӞӲӞ Ӟ ӛӊӏӘӐ ӒӊӏӊӝӕӐ Ӓӊ ӢӖӊӘәӌӐ ӛӊӏӘәӍ ӕәӖӐӕӝӓӌӊ Әӊ ӴӓӠәӌӓӗ ӛӊӏӘӓӗ ӗӐ Ӝӝӓӗӊ ӓ әӋӐӒӋӐӬӞӲӐ ӲӐӏӓӘӜӝӌә ӊӕӝӓӌӘәӜӝӓ Ӟ әӜӝӌӊӛӓӌӊӴӞ ӡӓӳӐӌӊ ҪӊӏӛӑӓӘӞ ӟӞӘӕӡӓӲӐ ӛӞӕәӌәӬӐӴӊ ӢӓӘӐ r ӚәӌӐӛӊӌӊӴӐ Ӓӊӏӊӝӊӕӊ ӣӝә ӜӐ ӚәӜӝӓӑӐ ӓӒӏӊӌӊӴӐӗ ӘӊӖәӍӊ ӏӊ ӜӐ әӋӊӌӐ ӛӊӒӖӓӢӓӝӐ ӊӕӝӓӌӘәӜӝӓ Ӟ әӕӌӓӛӞ ӚәӜӖәӌӊӴӊ r ӕәәӛӏӓӘӊӡӓӲӊ ӋӛәӲӘӓӠ ӊӕӝӓӌӘәӜӝӓ ӕӊӕә Ӌӓ ӜӐ әӋӐӒӋӐӏӓӖә әӜӝӌӊӛӐӴӐ ӒӊӲӐӏӘӓӢӕәӍ ӡӓӳӊ ӓ r ӕәӘӝӛәӖӊ әӜӝӌӊӛӓӌӊӴӊ Ӓӊӏӊӝӕӊ ҨәӌӐӛӊӌӊӴӐӗ Ӓӊӏӊӝӕӊ әӋӐӒӋӐӬӞӲӐ ӜӐ ӏӊ Ӝӌӓ ӒӊӚәӜӖӐӘӓ Ӟ ӚӛӐӏӞӒӐӵӞ әӋӊӌӳӊӲӞ ՕՔՌ ӊӕӝӓӌӘәӜӝӓ ӕәӲӓӗӊ ӜӐ әӜӝӌӊӛӞӲӐ ӡӓӳ ӚӛӐӏӞӒӐӵӊ ӊӖӓ ՕՔՆՑՕ ӕӊӕә ӲӐ ӞӚӛӊӌӳӊӢӕәӗ әӏӖӞӕәӗ ӝӊӲ ӡӓӳ ӚәӜӝӊӌӳӐӘ Әӊ әӏӛӐӬӐӘ ՔՆ՞ՏՔ ӓ Ӛәӏ әӏӛӐӬӐӘӓӗ ՚՘ՒՕՈՏՓՆ ҪӝәӍӊ ӜӐ ӚӛӓӖӓӕәӗ ӚәӌӐӛӊӌӊӴӊ Ӓӊӏӊӝӕӊ ӗәӛӊ әӏӖӞӢӓӝӓ ә ӝәӗӐ r ՑՕ ӵӐ ӓ Әӊ ՑՕՓ ӛӊӏӘәӗ ӗӐӜӝӞ ӓӒӌӛӣӊӌӊӝӓ әӏӛӐӬӐӘӐ ӒӊӏӊӝӕӐ әӏӘәӜӘә ә ӚәӏӐӖӓ ӛӊӏӊ r ՑՆՋՆ ӵӐ ӜӐ әӏӘәӜӘә Ӟ ՑՕՓ Ո՗ՌՓՌՔ՚ ӓӒӌӛӣӊӌӊӝӓ ӚәӲӐӏӓӘӓ Ӓӊӏӊӡӓ r ՑՆՑՕ ӵӐ ӜӐ әӏӘәӜӘә ՔՆ ՑՕծՏ ՔՆ՞ՏՔ ӓӒӌӛӣӊӌӊӝӓ Ӓӊӏӊӡӓ ӓ r ӏӊ Ӗӓ ӲӐ ӚәӜӝӊӌӳӐӘӓ Ӓӊӏӊӝӊӕ ՋՕՇ՗Օ ӓ ՔՆ Ո՗ՌՓՌ ӓӒӌӛӣӐӘ

ԟՕՕ՗ՋՏՔՆ՝ՏծՆ ՚ ՕՑՈՏ՗՚ ՛՚ՔՑ՝ՏծՌ ՗՚ՑՕՈՕըՌհՆ ӝӛӐӋӊ ӏӊ әӋӐӒӋӐӏӓ ӏӊ ӚәӲӐӏӓӘӊӢӘӐ ӊӕӝӓӌӘәӜӝӓ әӜӝӊӘӞ ӏӐә ӲӐӏӓӘӜӝӌӐӘәӍ ӚӛәӡӐӜӊ ӛӊӏӊ ӏӊ әӗәӍӞӵӓ ӚӛӓӖӊӍәӬӊӌӊӴӐ ӊӕӝӓӌӘәӜӝӓ ӓӒӗӐӴӐӘӓӗ әӕәӖӘәӜӝӓӗӊ ӓ ӏӊ ӜӚӛӐӢӓ ӏӐӟәӛӗӊӡӓӲӐ ӕәӲӐ ӐӌӐӘӝӞӊӖӘә ӘӊӜӝӊӲӞ Ӟ ӚӛәӡӐӜӞ ӓӒӌӛӣӊӌӊӴӊ Ӓӊӏӊӝӊӕӊ ԢՕ՘ՏՕ՝Տ ՛՚ՔՑ՝ՏծՌ ՗՚ՑՕՈՕըՌհՆ ՘՚ ՗՚ՑՕՈՕՋՏՕ՝Տ ՔՆ ՗ՆՎՒՏ՞ՏՙՏՓ ՜ՏծՌ՗Ն՗՜Տծ՘ՑՏՓ ՔՏՈՕՏՓՆ ՕՋ ՋՏ՗ՌՑՙՕ՗Ն ՋՕ Ֆ՗ՌՋ՗ՆՋՔՏՑՆ ՏՒՏ ՗Ռ՛Ռ՗ՌՔՙՆ ՘ ՗ՆՎՒՏ՞ՏՙՏՓ ՘ՙՌՖՌՔՕՓ ՕՈՒՆ՟ձՌհՆ Տ ՕՋՉՕՈՕ՗ՔՕ՘ՙՏ

9.3. ИЗВРШЕЊЕ ԦՆՋ՗ՍՆծ ՛՚ՔՑ՝ՏծՌ ՏՎՈ՗՟ՌհՆ ծՌ՘ՙՌ ՔՌՖՕ՘՗ՌՋՔՕ ՕՇՆՈկՆհՌ ՑՕՔՑ՗ՌՙՔՏ՜ ՗ՆՋՔՏ՜ ՎՆՋՆՙՆՑՆ ՔՆ ՗ՆՋՔՏՓ ՓՌ՘ՙՏՓՆ ՚ ՕՑՈՏ՗՚ ՖՕծՌՋՏՔՏ՜ ՋՌՒՕՈՆ Ֆ՗ՌՋ՚ՎՌձՆ ңәӘӕӛӐӝӘӓ ӛӊӏӘӓ Ӓӊӏӊӝӊӕ ӞӝӌӛӬӞӲӐ ӜӐ Әӊ әӜӘәӌӞ ӝӐӠӘӓӢӕӐ ӚәӏӐӖӐ ӛӊӏӊ ӓ әӋӊӌӳӊ ӜӐ әӏӛӐӬӐӘәӗ ӌӛӜӝәӗ ՖՕ՘ՒՆ Әӊ ӏӊӝәӗ ՗ՆՋՔՕՓ ՓՌ՘ՙ՚ ҡӒӗӐӬӞ ӚәӜӖәӌӊ ӊ ӝӓӗӐ ӓ ӓӒӗӐӬӞ ӛӊӏӘӓӠ ӗӐӜӝӊ ӞӜӚәӜӝӊӌӳӊӲӞ ӜӐ ӌӐӒӐ Ӛә әӜӘәӌӞ ӴӓӠәӌӐ ӞӖәӍӐ Ӟ ӡӓӕӖӞӜӞ ӛӐӚӛәӏӞӕӡӓӲӐ ӓ ӚӛәӡӐӜӞ ӛӊӏӊ Ҧӊ әӜӘәӌӞ ӝӓӠ ӌӐӒӊ ӍӛӞӚӓӣӞ ӜӐ ӚәӜӖәӌӓ ӓ ӛӊӏӘӊ ӗӐӜӝӊ Әӊ ӛӊӒӖӓӢӓӝӓӗ Әӓӌәӓӗӊ әӛӍӊӘӓӒӊӡӓәӘӐ ӜӝӛӞӕӝӞӛӐ ҫӐ ӍӛӞӚӐ ӚәӜӖәӌӊ әӏӘәӜӘә ӛӊӏӘӓӠ ӗӐӜӝӊ ӗәӍӞ ӓӗӊӝӓ ӛӊӒӖӓӢӓӝӐ ӘӊӒӓӌӐ Әӊ ӚӛӓӗӐӛ ӛӐӟӐӛӊӝ әӏӜӐӕ әӏӐӳӐӴӐ ӜӖӞӑӋӊ ӓ ӜӐӕӝәӛ ҚӐӒӐ ӓӒӗӐӬӞ ӚәӜӖәӌӊ ӓ ӛӊӏӘӓӠ ӗӐӜӝӊ ӓ Әӓӌәӊ Әӊ ӕәӲӓӗӊ ӜӐ әӘӐ ӞӜӚәӜӝӊӌӳӊӲӞ әӏӛӐӬӞӲӞ әӛӍӊӘӓӒӊӡӓәӘӞ ӜӝӛӞӕӝӞӛӞ ӟӞӘӕӡӓӲӐ ӓӒӌӛӣӐӴӊ ҦәӜӓәӡӓ ӟӞӘӕӡӓӲӐ ӓӒӌӛӣӐӴӊ ӜӞ ӚәӲӐӏӓӘӊӢӘә Ӝӌӓ ӢӖӊӘәӌӓ ӛӊӏӘәӍ ӕәӖӐӕӝӓӌӊ ҩӞӕәӌәӏӓәӡӓ ӗӊӏӊ ӚӛӌӐӘӜӝӌӐӘә ӘәӜӓәӡӓ ӟӞӘӕӡӓӲӐ ӛӞӕәӌәӬӐӴӊ ӘәӜӓәӡӓ ӜӞ ӟӞӘӕӡӓӲӐ ӓӒӌӛӣӐӴӊ ӲӐӛ ӓӒӌӐӜӘӐ ӒӊӏӊӝӕӐ ӘӐ ӚӛӐӘәӜӐ Әӊ ӏӛӞӍӐ ӢӖӊӘәӌӐ ӕәӖӐӕӝӓӌӊ ӌӐӵ ӓӠ Ӝӊӗӓ ӓӒӌӛ ӣӊӌӊӲӞ

Појам и структура функција предузећа

ҨҡҫҘӂҘ ҡ ҠҘҝҘүҡ

ҧӋӲӊӜӘӓӝӐ ӚәӲӊӗ ӟӞӘӕӡӓӲӊ ӓ ӘӊӢӓӘ ӴӓӠәӌәӍ ӘӊӜӝӊӘӕӊ ңәӲӓ ӲӐ ӕӛӓӝӐӛӓӲӞӗ ӌӐӛӝӓӕӊӖӘӐ ӚәӏӐӖӐ ӛӊӏӊ ңәӲӐ ӟӞӘӕӡӓӲӐ ӜӐ әӋӛӊӒӞӲӞ ӌӐӛӝӓӕӊӖӘәӗ ӚәӏӐӖәӗ ӛӊӏӊ ұӝӊ ӚӛӐӏӜӝӊӌӳӊ ӠәӛӓӒәӘӝӊӖӘӊ ӓӖӓ ӝӐӠӘӓӢӕӊ ӚәӏӐӖӊ ӛӊӏӊ ӓ ӕәӲӐ ӜӐ ӟӞӘӕӡӓӲӐ Ӵәӗ әӋӛӊӒӞӲӞ

45

ҝӐӟӓӘӓӣӓӝӐ ӟӞӘӕӡӓӲӞ ӞӚӛӊӌӳӊӴӊ ӓ әӋӲӊ ӜӘӓӝӐ ӴӐӘӞ ӜӊӏӛӑӓӘӞ ңә ӜӞ ӘәӜӓәӡӓ ӟӞӘӕӡӓӲӐ ӞӚӛӊӌӳӊӴӊ ҝӐӟӓӘӓӣӓӝӐ ӟӞӘӕӡӓӲӞ ӛӞӕәӌәӬӐӴӊ ӓ ӘӊӌӐӏӓӝӐ әӜӘәӌӘӐ ӐӖӐӗӐӘӝӐ ӴӐӘӐ ӜӊӏӛӑӓӘӐ ңӊӕә ӜӐ ӚәӜӝӓӑӐ ӣӝӊ ӲӐ ӜӌӛӠӊ ӓ Ӟ ӢӐӗӞ ӜӐ ӜӊӜӝәӲӓ ӚәӌӐӛӊӌӊӴӐ Ӓӊӏӊӝӕӊ ңә ӜӞ ӘәӜӓәӡӓ ӟӞӘӕӡӓӲӐ ӛӞӕәӌәӬӐӴӊ Ҭ ӢӐӗӞ ӲӐ ӜӊӏӛӑӓӘӊ ӟӞӘӕӡӓӲӐ ӓӒӌӛӣӐӴӊ

ҪҘҟҞҫҘң ҨҧқҤҘҚӁҘ ҨәӜӖәӌӊ ӐӕәӘәӗӓӲӊ ӚӛӐӏӜӝӊӌӳӊ ӜӕӞӚ ӐӕәӘәӗӜӕӓӠ ӏӓӜӡӓӚӖӓӘӊ ӕәӲӐ ӚӛәӞӢӊӌӊӲӞ ӚәӜӖәӌӊӴӐ ӚӛӐӏӞӒӐӵӊ ҧӜӘәӌӘӓ ӡӓӳ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ӲӐ ӏӊ ӚәӖӊӒӐӵӓ әӏ ӝӐәӛӓӲӜӕӓӠ ӜӊӒӘӊӴӊ ә ӒӊӕәӘӓӝәӜӝӓ әӏӌӓӲӊӴӊ ӚәӜӖәӌӘӓӠ ӚӛәӡӐӜӊ Ӟ ӚӛӐӏӞӒӐӵӞ ӏӐӟӓӘӓӣӐ ӛӊӒӖӓӢӓӝӐ ӚӛӓӘӡӓӚӐ ӓ ӚӛӊӌӓӖӊ ӢӓӲӊ ӚӛӓӗӐӘӊ Ӟ ӚӛӊӕӜӓ ӝӛӐ Ӌӊ ӏӊ әӗәӍӞӵӓ ӘӐӲӐӟӓӕӊӜӘӓӲӐ ӚәӜӖәӌӊӴӐ ӚӛӐӏӞӒӐӵӊ ҝӓӜӡӓӚӖӓӘӐ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ӗәӍӞ ӜӐ ӚәӏӐӖӓӝӓ Әӊ әӚӣӝӐ ӓ ӏӓӜӡӓӚӖӓӘӐ ӕәӲӐ ӚӛӓӚӊӏӊӲӞ ӟӞӘӕӡӓәӘӊӖӘӓӗ ӚәӗәӵӘӓӗ ӓ ӚәӜӐӋӘӓӗ ӚәӏӛӞӢӲӓӗӊ ҞӕәӘәӗӓӕӊ ӚӛӐӏӞӒӐӵӊ ӲӐ әӚӣӝӊ ӏӓ ӜӡӓӚӖӓӘӊ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ӓ ӚӛӐӏӜӝӊӌӳӊ ӝӐәӛӓӲӜӕә ӗӐӝәӏәӖәӣӕӓ әӕӌӓӛ ӏӛӞӍӓӠ ӜӚӐӡӓӲӊӖӓӒәӌӊӘӓӠ ӏӓӜӡӓӚӖӓӘӊ ӚәӜӖәӌӘӐ ӐӕәӘәӗӓӲӐ ҨӛӐӏӞӒӐӵӐ ӲӐ ӜӊӗәӜӝӊӖӘӊ әӛӍӊӘӓӒӊӡӓӲӊ Ӑӕә ӘәӗӜӕӓӠ ӛӐӜӞӛӜӊ ӕәӲӊ ӝӛӊӘӜӟәӛӗӓӣӞӵӓ ӞӖәӑӐӘӐ ӛӐӜӞӛӜӐ Ӟ ӛӐӒӞӖӝӊӝӐ Ӝӝӌӊӛӊ ӌӛӐӏӘәӜӝ Ӟ ӡӓӳӞ әӜӝӌӊӛӐӴӊ Ӛӛәӟӓӝӊ ҙӓӝӘӐ ӕӊӛӊӝӐӛӓ ӜӝӓӕӐ ӚӛӐӏӞӒӐӵӊ ӜӞ ӜӖӐӏӐӵӐ әӘә ӲӐ ӜӊӗәӜӝӊӖӘӓ ӐӕәӘәӗӜӕӓ ӜӞӋӲӐӕӝ ӚӛӐӏӜӝӊӌӳӊ әӛӍ ӊӘӓӒәӌӊӘӞ ӡӐӖӓӘӞ ӓ Ӝӝӌӊӛӊ ӌӛӐӏӘәӜӝ ӝӛӊӘӜӟәӛӗӓӣӞӵӓ ӞӖәӑӐӘӐ ӛӐӜӞӛӜӐ Ӟ ӛӐӒӞӖӝӊӝӐ ӛӊӏӓ әӜӝӌӊӛӊӴӊ Ӛӛәӟӓӝӊ ҨӛӐӏӞӒӐӵӐ ӲӐ ӘӊӲӐӟӓӕӊӜӘӓӲӓ ӚӛӓӌӛӐӏӘӓ ӜӞӋӲӐӕӝ Әӊ әӜӘәӌӞ ӚӛӐӏӘәӜӝӓ ӕәӲӐ әӜӝӌӊӛӞӲӐ ӜӚӐӡӓӲӊӖӓӒӊӡӓӲәӗ ӜӗӊӴӐӴӐӴӐӗ ӛӓӒӓӕӊ ӘӐӓӒӌӐӜӘәӜӝӓ ӕӊә ӓ ӝӛӊӘӜӊӕӡӓәӘӓӠ ӝӛәӣӕәӌӊ ҨӛӐӏӞӒӐӵӊ ӜӐ ӗәӍӞ ӚәӏӐӖӓӝӓ ӚӛӐӗӊ ӛӊӒӖӓӢӓӝӓӗ ӕӛӓӝӐӛӓӲӞӗӓӗӊ ҨӛӐӗӊ ӕӊӛӊӝӐӛӓӜӝӓӕӊӗӊ ӝӛӊӘӜӟәӛӗӊӡӓәӘәӍ ӚӛәӡӐӜӊ ӚӛӐӏӞӒӐӵӊ ӜӐ ӏӐӖӐ Әӊ ӚӛәӓӒӌәӏӘӊ ӓ ӞӜӖӞӑӘӊ ӊ ӚӛӐ ӗӊ ӌӐӖӓӢӓӘӓ ӏӐӖӐ ӜӐ Әӊ ӗӓӕӛә ӗӊӖӊ ӜӛӐ ӏӴӊ ӓ ӌӐӖӓӕӊ

ҨӛӐӗӊ ӚӛӊӌӘәӗ әӋӖӓӕӞ ӚӛӐӏӞӒӐӵӊ ӜӞ әӛӝӊӢӕә ӏӛӞӣӝӌә ӕәӗӊӘӏӓӝӘә ӏӛӞӣӝӌә ӏӛӞӣӝӌә Ӝ әӍӛӊӘӓӢӐӘәӗ әӏӍәӌәӛӘәӣӵӞ ӓ ӊӕӡӓәӘӊӛӜӕә ӏӛӞӣӝӌә ҪӚӐӡӓӟӓӢӘӊ ӌӛӜӝӊ ӚӛӐӏӞӒӐӵӊ ӜӞ ӲӊӌӘӊ ӚӛӐӏӞӒӐӵӊ ӕәӲӊ әӋӊӌӳӊӲӞ ӘӐӕӐ ӟӞӘӕӡӓӲӐ әӏ ӲӊӌӘәӍ ӓӘӝӐӛӐӜӊ Ҭ ӣӓӛӐӗ ӜӗӓӜӖӞ ӐӟӐӕӝӓӌӘәӜӝ ӚӛӐӏӞӒӐӵӊ ӲӐ ӜӚәӜәӋӘәӜӝ ӚӛӓӋӊӌӳӊӴӊ ӛӐӜӞӛӜӊ ӓ ӴӓӠәӌӐ ӐӟӓӕӊӜӘӐ ӞӚәӝӛӐӋӐ Ӓӊ әӜӝӌӊӛӓӌӊӴӐ ӡӓӳӐӌӊ ӚӛӐӏӞӒӐӵӊ ӊ Ӟ ӞӑӐӗ ӜӗӓӜӖӞ ӝә ӲӐ ӜӚәӜәӋӘәӜӝ ӚӛӐӏӞӒӐӵӊ ӏӊ әӜӝӌӊӛӓ ӜӌәӲӐ ӡӓӳӐӌӐ Ҟӟӓ ӕӊӜӘәӜӝ ӚӛӐӏӞӒӐӵӊ ӲӐ ӴӐӍәӌӊ ӜӚәӜәӋӘәӜӝ ӏӊ ӞӒ әӏӛӐӬӐӘӊ ӞӖӊӍӊӴӊ әӜӝӌӊӛӐ ӣӝә ӌӐӵӐ ӛӐӒӞӖӝӊӝӐ әӏӘәӜӘә ӏӊ әӏӛӐӬӐӘӐ ӛӐӒӞӖӝӊӝӐ әӜӝӌӊӛӓ ӞӒ ӣӝә ӗӊӴӊ ӞӖӊӍӊӴӊ ҧӕӛӞӑӐӴӐ ӚӛӐӏӞӒӐӵӊ ӢӓӘӐ Ӝӌӓ ӐӖӐӗӐӘӝӓ ӕәӲӓ ӗәӍӞ Ӟӝӓӡӊӝӓ Әӊ ӚәӜӖәӌӊӴӐ ӚӛӐӏӞӒӐӵӊ ӓ ӴӐӍәӌ ӚӛӓӜӝӞӚ ӛӐӝӕӓӗ ӛӐӜӞӛӜӓӗӊ Ҭ Ӓӊӌӓ ӜӘәӜӝӓ әӏ ӓӘӝӐӘӒӓӝӐӝӊ ӌӐӒӊ ӕәӲӐ ӚӛӐӏӞӒӐӵӐ әӜӝӌӊӛӞӲӐ Ӝ әӕӛӞӑӐӴӐӗ әӘә ӜӐ ӗәӑӐ ӚәӏӐӖӓӝӓ Әӊ ӏәӗӐӘ ӜӚӐӡӓӟӓӢӘә ӓ әӚӣӝӐ әӕӛӞӑӐӴӐ ҨӛӐӗӊ ӞӖәӒӓ ӕәӲӞ ӚәӲӐӏӓӘӐ ӊӕӝӓӌӘәӜӝӓ ӓӗӊ ӲӞ Ӟ ӏӐӟӓӘӓӜӊӴӞ ӓ әӜӝӌӊӛӐӴӞ ӡӓӳӐӌӊ ӚӛӐӏӞӒӐӵӊ әӏӘәӜӘә ӌӐӛӝӓӕӊӖӘәӗ ӚәӏӐӖәӗ ӛӊӏӊ әӋӛӊӒӞӲӐ ӜӐ ӜӓӜӝӐӗ ӚӛӓӗӊӛӘӓӠ ӟӞӘӕӡӓӲӊ ӚӛӐӏӞӒӐӵӊ ӕәӲӓ ӢӓӘӐ ӟӞӘӕӡӓӲӐ ӞӚӛӊӌӳӊӴӊ ӛӞӕәӌәӬӐӴӊ ӓ ӓӒӌӛӣӐӴӊ ҫӐӠӘӓӢӕәӗ ӚәӏӐӖәӗ ӛӊӏӊ Ӟ әӕӌӓӛӞ ӚӛӓӗӊӛӘӐ ӟӞӘӕӡӓӲӐ ӓӒӌӛӣӐӴӊ ӘӊӜӝӊӲӐ ӜӓӜӝӐӗ ӜӐӕӞӏӊӛӘӓӠ ӟӞӘӕӡӓӲӊ ӚӛӐӏӞӒӐӵӊ ӕәӲӐ ӘӊӲӢӐӣӵӐ ӢӓӘӐ ӜӖӐӏӐӵӐ ӟӞӘӕӡӓӲӐ ӓӜӝӛӊӑӓӌӊӴӐ ӓ ӛӊӒӌәӲ ӚӖӊӘӓӛӊӴӐ әӛӍӊӘӓӒәӌӊӴӐ ӘӊӋӊӌӕӊ ӚӛәӓӒӌәӏӴӊ ӚӛәӏӊӲӊ ӟӓӘӊӘӜӓӲӐ ӛӊӢӞӘәӌәӏӜӝӌә ӕӊӏӛәӌӜӕӓ ӚәӜӖәӌӓ ӓӘӟәӛӗӊӝӓӕӊ ӓ ӕәӘӝӛәӖӊ