The two ways that a corporation can be classified by purpose are profit and not-for-profit. In general, for-profit businesses sell goods or offer services. A non-profit group typically uses donations, events, and corporate sponsors to fundraise. In general, for-profit businesses aim to give consumers a good or service while also turning a profit.
The goal of a nonprofit organization is to assist the community without thinking about making a profit. A non-profit organization is a group that was established with the intention of making a profit, and in which no part of the organization's revenue businesses is given to its directors, officials, or members.
To learn more about profit, click here.
https://brainly.com/question/13716014
#SPJ4
