Profit oriented business is a business whose main objective is to achieve the greatest possible profit for the owners of a business. This is achieved in various ways: reducing production costs, moving factories to "cheap labor" countries (China, Thailand, Malaysia, Indonesia, Viet Nam), lowering wages and lengthening working time of employees.
The objectives of a nonprofit and a for profit business is to make money. Nonprofits handle the monies they collect much differently than for profit organizations.
The traditional concept of business is profit motive but the modern concept of business is service oriented.
Businesses aim to be both efficient and effective. With meeting both, a business will increase their profit margins and rise about their competition.
organisations are deliberate establishment set out to render profit-oriented services/non profit oriented services as in the case of charity organisations and religious institutions. failure to plan is undoubtedly planning to fail therefore management cannot be seperated from any organisation be it profit oriented or otherwise. on a day-day bases management is saddled with the responsibilities of planning, organising,coordinating,recruiting,staffing,compensating,motivating and firing of negligent/redundant staff.these multi-task is all aimed at achieving the proposed aims and objectives of establishing the business. To this end it suffices to say that there is a keen-close and inseperable relationship between management and organisation. effective management moves the organisation forward while improper management achieves the other-wise.
Reduce tension and boost morale.
Businesses in business to make money
Profit oriented entities are businesses that are created and operated with the aim of generating profits in the long run. On the other hand, nonprofit oriented entities are created to fulfill a specific need in the society.
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?
Non profit making organization is the type that does not deal with profit oriented
Non profit making organization is the type that does not deal with profit oriented
Profit oriented is concerned with or focused on commercially financial gain. A company that is not making a profit will soon cease trading!
A profit oriented entity is one whose goal is to make profits from its services or products. A non profit entity is one that does not necessarily seek to make profit but has set out other goals.
yes
their main goal of course is to gain more profit for the target market.
A home-based business can be either product-oriented or service-oriented.
Profit oriented is concerned with or focused on commercially financial gain. A company that is not making a profit will soon cease trading!