Geography, asked by hafsaalvia9261, 8 months ago

Differentiate between Commercial & Non-Commercial organisations.

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Answered by dineshgupta70
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Answered by AnkitaSahni
1

Commercial organizations

  • Organizations functioning to earn profits are commercial organizations.
  • All companies irrespective of their ownerships come under commercial organizations.
  • The profits generated belong to the owners.

Non-commercial organizations

  • Organizations functioning to provide free services and not earn any profits are non-commercial organizations.
  • Ngo's, Trusts, Cooperative institutions, etc. are non-commercial organizations.
  • The profits generated are used for the betterment of the organization and the services it provides.
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