Non profit organisations Flashcards
1
Q
What is the definition of a non profit organisation
A
Organisations that are owned and managed in order to achieve objectives other than financial reward.
2
Q
What are examples of non profit organisations?
A
Charities
Mutual Societies (co - op)
Social enterprises
Trade unions
Voluntary organisations
3
Q
Why are non profit organisations ran like businesses?
A
They are still ran in the same manner as a business, as they have to: manage staff, manage stock, train staff ect, but there overall objective isn’t linked to any financial reward (profit)
