What type of enterprises primarily raise money through fundraising activities and collecting donations?

• A. Profit-making enterprises
• B. Non-profit organizations
• C. Charities
• D. Social enterprises

Answer: (C)

The correct answer is charities, as these organizations are specifically established to raise money through fundraising activities and collecting donations in order to support various causes. Charities often focus on helping individuals or communities in need, and their primary goal is not to generate profit, but to make a positive impact.

Fundraising is a key component of their operations, utilizing events, campaigns, and community outreach to gather financial support from the public. This financial support is then used to fund their activities, programs, and initiatives aimed at providing assistance where it is most needed.

While non-profit organizations also raise funds and operate similarly to charities, the term "charity" often refers to those entities that are more directly focused on altruistic causes rather than broader non-profit activities. Social enterprises do aim to address social issues but they typically also engage in commercial activities to sustain themselves financially, whereas charities primarily rely on donations and do not seek to make a profit. Similarly, profit-making enterprises seek to generate revenue and profit, which differentiates them from charities.