Question

Distinguish between profit - seeking organisation and not for profit organisation ?

Answer 1

Explanation:

While the aim of for-profit organizations is to maximize profits and forward these profits to the company's owners and shareholders, nonprofit organizations aim to provide society's needs. Non-profit organizations have no owners..... hope it helps u .....

Answer 2

ANSWER

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Non-Profitseeking orgainisation :- These types of organisation work for the Welfare of the people the main motive of these types of organisation is to render service to the society.

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Profit seeking Orgainisation :- organisation which are established at operated primary with the motive of earning profit may be described as profit seeking organisation profit seeking organisation are basically business organisation no business organisation can survive for long without turning some profit it is the incentive of earning money which from people to setup Android business organisation profit also provide the money for the modernization expansion and growth of the business enterprise.

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