What is a commercial organization? State it's characteristics. Distinguish between commercial and non-commercial organizations. Subject :-Commerce
Answers
Answer:
myself aryan how are you
Explanation:
An organization is a group of people who work together on a set of common goals. If the main goal of the organization is to earn a profit from the sale of products and services, it is a commercial organization. This type of organization distributes any income that remains after paying all business expenses to employees and investors or reinvests it into the company.
Commercial business makes profits and pays taxes on them. Has shareholders and if its big enough it might be listed on a Stock Exhange. Sells products and services to other businesses or to consumers.
Non-Commercial business makes reserves and pays employees taxes. Owned by National, State or Local Governments or are limited by Guarantee. Sells products and services to other businesses or to consumers.
Answer:
are lol aagya bhi to kuch bol