Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is different about the way business firms and nonprofit organizations operate? Unlike a business firm, a nonprofit organization needs resources and support to survive

What is different about the way business firms and nonprofit organizations operate?
Unlike a business firm, a nonprofit organization needs resources and support to survive and achieve its objectives.
Unlike a business firm, a nonprofit organization must take in as much money as it spends or it won't survive.
A nonprofit organization does not measure "profit" in the same way as a business firm does.
Nonprofit organizations face competition for customers; business firms do not.
Unlike a business firm, a nonprofit organization gets support directly from those who receive the benefits.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project Management in Practice

Authors: Samuel J. Mantel Jr., Jack R. Meredith, Sco

4th edition

470533013, 978-0470533017

More Books

Students also viewed these General Management questions