profit and non-profit orgs

• Profit seeking organizations

  • established and operated with the motive of earning profit.
  • main problem faced is to maximize operating efficiency.
  • engaged in production or purchase and sale of goods and services.
• Non-profit organization

  organizations set up and run not to earn profit but to serve society.
• Charitable organization

  Exist to provide financial support for various causes.

  Ex: Food- Akshaya Patra, Education- Ratan Tata Trust
• Educational organization


  They set up schools and colleges that offer educational facilities at nominal costs.