The concept of competitive advantage is as important for non-profit organizations as it is for profit organization?
The concept of investment is to make a profit.
Businesses i know are there to maximize profit and minimize cost.On this basis,i think the business profit concept is the most appropriate basis for evaluating business operations because banks,lenders or creditors will the creditworthiness of such business if loan or any other facility has been advanced to such business to see whether they can offset such debt if given to them.
The concept of the iso-profit curve is attributed to economist Paul Samuelson. In the context of production and cost analysis, iso-profit curves represent combinations of inputs that yield the same level of profit. These curves are useful in understanding trade-offs and optimizing resource allocation in production processes. Samuelson's work in microeconomic theory helped formalize these concepts, highlighting their importance in decision-making for firms.
Economic profit is the profit made on an investment of some sort in which inflation and other economic factors have been considered. Normal return on investment is just the net profit made in the investment (simple subtraction).
The concept of competitive advantage is as important for non-profit organizations as it is for profit organization?
what is the difference between reasonable profits and economic profits
Explain how the marketing concept can be applied in non profit organization?
Why the notion of profit is usually included in this definition
Just price
"The concept of competitive advantage is as important for non-profit organizations as it is for profit organizations". Do you agree with this statement or not? Explain with examples to justify your answer. "The concept of competitive advantage is as important for non-profit organizations as it is for profit organizations". Do you agree with this statement or not? Explain with examples to justify your answer.
The important core concept is to "fulfill the needs" of your market at a profit.
The concept of competitve advantage is as important for non- profit orgnizations as it is for profit orgnizatios Do you agree with this statement or not? Explain with examples to justify your answer.
A reasonable limit is the limit that a reasonable person would put on any quantifiable concept. For example a reasonable limit for working hours is eight hours a day, because a reasonable person would think that eight hours is a reasonable maximum. The concept of a reasonable person is enshrined in the legal system.
Why the notion of profit is usually included in this definition
The traditional concept of business is profit motive but the modern concept of business is service oriented.
Why the notion of profit is usually included in this definition