6 Outcome: For-Profit vs. Non-Profit
What you’ll learn to do: distinguish between for-profit and non-profit organizations
We defined business earlier as an organization that provides goods, service, or both to their customers, clients, or consumers in order to make a profit. That definition, although accurate, does not account for those organizations and businesses that are not driven by the “bottom line” or profitability. Instead, some organizations provide their goods and services in order to generate revenues (income) that can be used to further its purpose or mission. It is highly likely that you have been involved with a non-profit organization and although it may not have seemed like it at the time—you were actually working with a business! In this section we will dig a little deeper into this idea of profit versus non-profit business.
LEARNING ACTIVITIES
The learning activities for this section include the following:
- Reading: Making a Profit
- Self Check: For-Profit vs. Non-Profit
Take time to review and reflect on this activity in order to improve your performance on the assessment for this section.