What term describes the organizational setup of a company including ownership and management structure?

The term that best describes the organizational setup of a company, including its ownership and management structure, is "business structure." This encompasses how a business is organized in terms of legal and operational aspects, such as whether it operates as a sole proprietorship, partnership, corporation, or another entity type. It outlines the relationships between various stakeholders and can affect everything from liability and taxation to operational efficiency and governance. Understanding the business structure is crucial as it influences how decisions are made and how responsibilities are distributed within the organization.

The other terms, while related to aspects of business operations, focus on different elements. For example, a business model refers to the way a company generates revenue and delivers value to its customers. Corporate governance pertains to the systems and processes that ensure the company is directed and controlled, focusing more on policies and stakeholder relationships rather than the structure itself. An operational framework usually describes how specific functions or operations within a business are organized, rather than the overarching structural components. Thus, "business structure" is the most appropriate term for this specific question.