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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.
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