not for profit vs profit

Question 1

For profit

Answer 1

these organizations that have a primary objective of making profit. eg. coles, maccas, freight, airlines

Question 2

not for profit

Answer 2

These organizations that provide services to the community and do not exist make a profit. eg. charity’s, education, religion, salvation army

Question 3

identify the main sources of finance for not-for profit businesses.

Answer 3

relying on grants, donations and membership fees.

Question 4

explain why not for profit businesses still desire to make a profit

Answer 4

Because all profits are put back into the organasation to continue to pay for its activities