Classification of Commercial Organisations — Chapter Summary
ICSE · Class 9 · Commercial Studies
Summary of Classification of Commercial Organisations for ICSE Class 9 Commercial Studies. Part of the ICSE Class 9 Commercial Studies syllabus.
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Overview
Commercial organisations are profit organisations that carry out commercial activities. They may be industrial, trading, transportation, warehousing, banking, insurance, advertising, or other types of business. On the basis of ownership, they are classified into private sector enterprises, public se
Key Concepts
Organisations which undertake commercial activities
Organisations which undertake commercial activities are known as commercial organisations. Their main motive is to earn profit. They may be owned by o
These undertakings are owned
These undertakings are owned, controlled, and financed by private businessmen. There is no government participation in them. Their main motive is to e
Private sector includes sole proprietorship
Private sector includes sole proprietorship, partnership, one person company, limited liability partnership, joint stock company, and cooperative soci
Private sector undertakings raise capital through
Private sector undertakings raise capital through owners, partners' investment, issue of shares and debentures, and loans. Management is in the hands
These undertakings are owned and operated
These undertakings are owned and operated by a government or a government agency. They include industrial and commercial undertakings under Central Go
Learning Objectives
- Define commercial organisations.
- Classify commercial organisations on the basis of ownership.
- Explain the meaning of private sector, public sector, and joint sector enterprises.
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Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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