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1. In terms of business goals, what is the difference between a profit and non-profit business structure? (1 point)

2. Describe the following:

Sagot :

GinnyAnswer

Final answer:

Profit and non-profit businesses have distinct goals: profit businesses focus on revenue generation and profitability, while non-profits aim to influence or garner support for a cause.


Explanation:

Profit and non-profit businesses differ in their goals. Profit businesses aim to generate revenue through sales of goods/services, focusing on profitability. On the other hand, non-profit organizations aim to influence or receive support for a cause, reinvesting donations back into the organization.

For-profit businesses prioritize income and profitability, whereas non-profits focus on activities that advance their mission. This distinction is evident in financial statements, where for-profits emphasize profits, while non-profits aim to sustain their activities with more revenue than spending.


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