Commercial Applications
Answer
A profit-making organisation refers to an organisation which is formed for the purpose of earning profits. Such organisations are engaged in business activities — they produce, buy, or sell goods and services and aim to earn profits. The profits earned belong to the owners and are distributed among them or reinvested in the business for growth.
A commercial organisation is essentially a profit-making organisation. Profit-making organisations can be divided into several categories like industrial enterprises, trading enterprises and service enterprises.
Examples include Reliance Industries, Bajaj Auto, Dabur, Raymonds, Tata Steel, and Hindustan Unilever Limited.
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