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Those organisations whose only motivation is to make profit are called profit making business houses. In fierce competition scenario, these business houses fight for their share of profits by any means - be it in honest or fradulent means.
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∙ 10y ago
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What is the difference between entrepreneurs and non entrepreneurs?
Entrepreneurs are willing to assume financial risks to create a profit; they start businesses. Non-entrepreneurs do not start businesses.
Describe the four main types of profit making business enterprise?
The four types of profit making business enterprise are sole trader, partnership savings, company loans, and franchise profits. All of these types of enterprises contribute to the finances of businesses.
Do most non profit businesses offer products or services?
Most non profit based businesses are service oriented as they are not likely to incur losses this way. Product based businesses tend to cost more and that is why non profit models may not work.
What is profit oriented business?
Businesses in business to make money
One of the BEST measures of success for businesses and their entrepreneurs is?
profit
Is profit making the primary goal of any business enterprise and why?
Yes, profit making is the primary goal of business. It is the reason businesses exist. If they don't make a profit, they will not survive.
Should big banks profit from micro financing?
Banks are a business. They exist for the purpose of making a profit. That is what businesses do.
What is the difference between entrepreneurs and non entrepreneurs?
Entrepreneurs are willing to assume financial risks to create a profit; they start businesses. Non-entrepreneurs do not start businesses.
Does the economic principle apply to non-profit seeking businesses as it does to profit seeking businesses?
yes
What are profit organisations dedicated to?
Profit organisations are dedicated to making money for businesses to continue to operate. These types of organisations include restaurants, retail stores and real estate agencies.
Why did some businesses not do well in 1920s?
Some businesses did not prosper in the 1920s due to the Great Depression. People were making purchases using credit and installment plans which resulted in a loss of profit.
Describe the four main types of profit making business enterprise?
The four types of profit making business enterprise are sole trader, partnership savings, company loans, and franchise profits. All of these types of enterprises contribute to the finances of businesses.
What makes up the service industries?
Within the United States, for-profit businesses, not-for-profit organizations, and the government all provide services. Of these, for-profit businesses are the largest providers of services.
Why do businesses buy and sell stocks?
To make a profit. Buying stocks at a low price and selling them at a high price is the easiest way of making money.
What is the difference between profit making accounting and not for profit making accounting?
The difference between profit making accounting and not for profit making accounting is, that question should answer itself! 8^0
Do most non profit businesses offer products or services?
Most non profit based businesses are service oriented as they are not likely to incur losses this way. Product based businesses tend to cost more and that is why non profit models may not work.
Why do you say that profit is a legitimate goal of business organization?
Profit is the main goal of almost all businesses, even many non-profit businesses exist only to support profit businesses (e.g.- Medical Information Bureau). Running a business is an awful lot of work and if it won't support you, it might not be worth it, if its even possible.
