Group of friends is not an example of an organisation.,
Let understand that an organization involves a set of people who work together towards achieving a particular purpose.
- Institutions created by sole proprietorship, partnership, corporation, and Limited Liability Company are all example of Organisation.
- The purpose of organisation is not toward profit only, rather, they are established to reach some set goals.
- An corporation, non-profit making community, school are all examples of organisation with planned objectives.
In conclusion, a group of friends cannot be termed an organisation because they do not function towards a formal and planned objectives.
Learn more about an organisation here
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