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djchewinggum djchewinggum
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A month ago
How are not-for-profit organizations different from most businesses?
Textbook 

Business in Action


Edition: 9th
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nilabmirzadanilabmirzada
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More questions for this book are available here
The driving forces behind most businesses are the prospects of earning profits and building assets, which are anything of meaningful value, from patents and brand names to real estate and company stock. In contrast, not-for-profit organizations (also known as nonprofit organizations) such as museums, most universities, and charities do not have a profit motive. However, similar to goods-producing businesses, they must operate efficiently and effectively to achieve their goals. A nonprofit organization might use many of the business-management principles used by other businesses such as a goods-producing business.

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