Question: Which of the following is a difference between for - profit businesses and nonprofit organizations? Financial resources for for - profit businesses come from government
Which of the following is a difference between forprofit businesses and
nonprofit organizations?
Financial resources for forprofit businesses come from government oppropriations,
grants, and donations, while nonprofit organizotions are funded by the sale of
products or services to customers.
In forprofit businesses, managers focus on improving an organization's products
and services to increase soles revenues, while in nenprofit organizations, however,
services are typically provided to nonpoying clients.
Forprofit businesses are committed to servicing clients with limited funds, while
nonprofit organizations hove access to unlimited funds to service clients.
In forprofit businesses, services are typicolly provided to nonpaying clients, while in
nonprofit organizations, services are typicolly provided to paying clients.
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