The document defines three types of organizations: commercial organizations aim to make a profit through collective efforts using specific skills and strategies, like McDonald's and Pizza Hut; public organizations serve the public benefit rather than profit, such as the BBC and Job Centre; voluntary organizations rely on volunteers for operations and may or may not have paid staff, including preserved railways and the Red Cross.

1. Define:-
Commercial Organisation:-
The term commercial organization is general and applies to any group(s) with a
particular set of skills, priorities, strategies, and resources that organize to collectively
achieve the "specific aim" of making a profit.
Examples:- MacDonald’s, Pizza Hut, Blockbusters
Public Organisation:-
A nonprofit organization is formed for the purpose of serving a public or mutual
benefit other than the pursuit or accumulation of profits for owners or investors.
Example:- BBC, Job Centre
Voluntary Organisation:-
One which relies on occasional or regular volunteers for its operations, and may or
may not have paid staff.
Examples:- Preserved Railways, Red cross