What do you meaan by commercial organisations?Give its characteristics.
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Explanation:
Launching your own business can be an exciting experience. You'll have a chance to create meaningful connections, build a loyal clientele and create your own brand. Depending on your industry and goals, you could change people's lives and make a difference in your community. Before getting started, decide whether you want to form a nonprofit or a for-profit entity. The latter is also known as a commercial organization.
A commercial organization is any business that sells goods or services for the purpose of making a profit.
Economic activity: Business is an economic activity of production and distribution of goods and services. ...
Buying and Selling: The basic activity of any business is trading. ...
Continuous process: ...
Profit Motive: ...
Risk and Uncertainties: ...
Creative and Dynamic: ...
Customer satisfaction: ...
Social Activity: