Not-For-Profit Organisations - GCSE Business Definition

Not-For-Profit organisations operate primarily to achieve objectives other than making a profit, such as providing a public service or supporting a social cause. Unlike for-profit businesses, any surplus income generated by these organisations is reinvested into supporting their community, rather than being distributed to owners or shareholders. Charities, community groups, and clubs play a crucial role in addressing social issues and enhancing community well-being. In GCSE Business, understanding not-for-profit organisations helps students appreciate different business models and the varied goals businesses can pursue.