in your opinion what is the difference between profit and nonprofit business organization? which is easier to manage? explain your answer.
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in your opinion what is the difference between profit and nonprofit business organization? which is easier to manage? explain your answer.
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In your opinion what is the difference between profit and nonprofit business organization? which is easier to manage? explain your answer.
Answer:
The difference between the profit and nonprofit business organization is, profit business organization obviously generate profit which divided equally to shareholders. This organization has a product or services which they can offer to the market thus, they can expect a return of investment while on the other hand, nonprofit organization is usually run by a religious group, foundations etc. This organization can ask donations from individual or from other organizations who are willing to give monetary support.
Your next question is, which is easier to manage? Well, for me, the nonprofit organization because you do not have a product or it does not have return of investment. In this case, you will not pressure like maximizing profit of the company or selling volume of products with a quota.
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