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Profit and Non-Profit Organisations — Revision Notes

ICSE · Class 9 · Commercial Studies

Profit and Non-Profit Organisations revision notes for ICSE Class 9 Commercial Studies: 4 topics in quick points.

59 questions34 flashcards5 concepts

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Key Topics to Revise

1

1. Meaning of Profit Seeking Organisations

  • Profit seeking organisations are established and operated primarily with the motive of earning profits.
  • They are basically business organisations.
  • A business organisation cannot survive for long without earning some profit.
2

2. Meaning of Non-Profit Organisations

  • Non-profit organisations are set up and run not to earn profits but to serve society.
  • If any surplus is earned, it is ploughed back into the organisation to support its mission.
  • Non-profit organisations are organised as societies, trusts, and non-profit companies.
3

3. Types of Non-Profit Organisations

  • Charitable organisations provide financial assistance and other support for social causes.
  • Ratan Tata Trust provides scholarships for higher education to young persons, mainly from poor families.
  • Educational organisations are set up for human resource development and learning.
4

4. Difference Between Profit and Non-Profit Organisations

  • The primary motive of profit organisations is to earn profits.
  • The primary motive of non-profit organisations is to render services.
  • The main functions of profit organisations are production and distribution.

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Full Notes

Key Concepts

These are organisations established and operatedThe main aim of a profitThese are organisations set upThese organisations provide financial helpThese organisations support learning and human

Frequently Asked Questions

What are the important topics in Profit and Non-Profit Organisations for ICSE Class 9 Commercial Studies?
Key topics in Profit and Non-Profit Organisations include Meaning of Profit Seeking Organisations, Meaning of Non-Profit Organisations, Types of Non-Profit Organisations, Difference Between Profit and Non-Profit Organisations. Study these first, then practise questions on each for Class 9 exams.
How should I revise Profit and Non-Profit Organisations for Class 9 exams?
Learn the core ideas first, then work through the 59 practice questions on Profit and Non-Profit Organisations. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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All ICSE Class 9 Commercial Studies Revision Notes

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