Question: We can classify organizations into three categories: for profit, governmental, and not for profit. These organizations are similar in several aspects. Within the 3 categories
We can classify organizations into three categories: for profit, governmental, and not for profit. These organizations are similar in several aspects. Within the 3 categories there are different types of business. Below are six different types of organizations, match each organization with its definition.
Group of answer choices
1) Service business
[ Choose ] for-profit business that purchases products (called inventory) and resells the products without altering them for-profit business that is designed to make a specific product or products business that does not sell tangible products to customers but rather sells intangible benefits (services) to customers; can be either a for-profit or a not-for-profit organization tax-exempt organization that serves its community in a variety of areas provides services to the general public (taxpayers) has the primary purpose of lending money has the primary purpose of earning a profit by selling goods and services
2) Retail business
[ Choose ] for-profit business that purchases products (called inventory) and resells the products without altering them for-profit business that is designed to make a specific product or products business that does not sell tangible products to customers but rather sells intangible benefits (services) to customers; can be either a for-profit or a not-for-profit organization tax-exempt organization that serves its community in a variety of areas provides services to the general public (taxpayers) has the primary purpose of lending money has the primary purpose of earning a profit by selling goods and services
3) Nonprofit (not-for-profit) organization
[ Choose ] for-profit business that purchases products (called inventory) and resells the products without altering them for-profit business that is designed to make a specific product or products business that does not sell tangible products to customers but rather sells intangible benefits (services) to customers; can be either a for-profit or a not-for-profit organization tax-exempt organization that serves its community in a variety of areas provides services to the general public (taxpayers) has the primary purpose of lending money has the primary purpose of earning a profit by selling goods and services
4) Manufacturing business
[ Choose ] for-profit business that purchases products (called inventory) and resells the products without altering them for-profit business that is designed to make a specific product or products business that does not sell tangible products to customers but rather sells intangible benefits (services) to customers; can be either a for-profit or a not-for-profit organization tax-exempt organization that serves its community in a variety of areas provides services to the general public (taxpayers) has the primary purpose of lending money has the primary purpose of earning a profit by selling goods and services
5) Governmental entity
[ Choose ] for-profit business that purchases products (called inventory) and resells the products without altering them for-profit business that is designed to make a specific product or products business that does not sell tangible products to customers but rather sells intangible benefits (services) to customers; can be either a for-profit or a not-for-profit organization tax-exempt organization that serves its community in a variety of areas provides services to the general public (taxpayers) has the primary purpose of lending money has the primary purpose of earning a profit by selling goods and services
6) For-profit business
[ Choose ] for-profit business that purchases products (called inventory) and resells the products without altering them for-profit business that is designed to make a specific product or products business that does not sell tangible products to customers but rather sells intangible benefits (services) to customers; can be either a for-profit or a not-for-profit organization tax-exempt organization that serves its community in a variety of areas provides services to the general public (taxpayers) has the primary purpose of lending money has the primary purpose of earning a profit by selling goods and services
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
