Th3.1: Profit and Not-for-profit Organisations Flashcards
1
Q
Almost all private sector organisations are run to…
A
make a profit and to maximise the financial benefits for their shareholders - may not necessarily profit-maximise but long term goal is to make money
2
Q
What do private sector organisations that are not-for-profit do?
A
use any profit they make to support their aim of maximising social welfare and helping individuals and groups - e.g charities
