The term nonprofit or not-for-profit does not mean there is no money in the organization, in fact most organizations deal with very large amounts of money flowing through out the organization. In fact when you look at the difference between how a NPO's money is handled and how a for profit enterprise handles their money you will see that the only difference is that there are no stock holders and the money is generally donated to NPO's and earned by for-profits.
The difference between entrepreneurship and an entrepreneur is Entrepreneurship is the process of managing business with expectation of profit making.
There is not difference; they mean the same thing.
Farming= An activity or business where crops are grown and or livestock is raised for profit. Non Farming= An activity or business which does not perform this
profit or loss
Profit is what you made after the costs of material for a product or labor for a service. Could be you sold a product or service. Profitability is what you could make. Is that there is a need that needs to be filled or replaced and you can make money doing it.The difference is very important when your planning out location of business, target market, labor any expenses that go into the product or service Or even what your company wants to provide.A business that is not making profit will eventually run out of money and go out of business.
Business Management typically refers to running private, for profit companies. Public Administration means running government agencies.
profit is the output after any business transaction while contrbution is the input before the business transaction
profit
profit or loss
Profit means the difference between revenues and expenses. This left over amount is the business owner's reward for the risk they took in undertaking the business.
Profit means the difference between revenues and expenses. This left over amount is the business owner's reward for the risk they took in undertaking the business.
Profit, is called the difference of amount between purchase price and sale price. Through the profit margin we come to know that how the business is running. Or, how successful (profitable) IS this business?
Income is what one receives; profit is whatever part of the income is left after all business expenses and costs are paid. So the difference between income and profit is the total of business expenses and costs.
An organization is basically any collection of people, whether for profit or non profit. An enterprise is usually a business, for profit organization.
No difference.
The traditional concept of business is profit motive but the modern concept of business is service oriented.
The difference between public administration and business administration is that the study of the latter focuses on for-profit, private sector management while the former is the study of non-profit and government management. The term "public management" might be viewed as analogous to "public administration".public administraion means to administor the government organizations and private administration means to administor the private sector organization inother words it also called business administration.