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What do you call a business whose goal is to provide a service rather than to make a profit?
Wiki User
∙ 8y ago
Any business that has a goal of not making a profit is a Non-profit business. The service it provides can be debt counseling for example for indigent people. Or, for another example, a non-profit service business can be one that helps people with their tax returns.
Wiki User
∙ 8y ago
Emanuel Salinas
help me answer this question pleaseeee c:
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What is Profit-making companies?
A profit making organisation is an organisation which its priority is to make a profit rather than to help the community.
What are the primary activity of business?
the sole purpose of a business is to generate a profit/make money. Legally business can be broken into 'for profit' vs. 'non profit'. for profit - shareholders value/profit, earnings, making a buck. If a business is not generating profit, it will cease to exist as a business. 'non profit' - not driven by ownership rather managed around central problem/purpose. for profit companies are owned by shareholders. shareholders can act 'hostile' and acquire as many shares as they can afford to purchase. (i.e. one person could control the majority voting interests). shareholders hire an executive director/president. some times they approve specific budgets/strategic plans. non profits are managed ('owned') by membership, with no threat of hostile take over as all memberships (regardless of dollar value) carry the same weight in voting interests. A business is an entity able to make/buy/sign contracts, carry credit, and a like. Most Security of States will issue a Certificate when a business is incorporated (created, born). The IRS will give you a free EIN which will be 10 digits long. the certificate looks similar to a birth certificate, the EIN to a Social Security Number).
In insurance what does overhead and profit mean?
In those states that regulate insurance rates, among the factors evaluated are the overhead and profit of an insurer. Overhead includes salaries, upkeep on buildings, taxes, and those other usual and customary expenses that attend operating a business. An additional element of overhead for an insurer is the cost of reinsurance. Reinsurance is essentially insurance for an insurer. Rather than assuming all of the risk placed with the insurer by the policyholders that take out policies with it, the insurer will "off-load" some of the risk to a reinsurer in return for paying the reinsurer a premium. In order to stay in business, and for keeping the business worthwhile, the insurer will need to earn a reasonable profit. Regulators are sensitive to the need for a profit, but because they are concerned with the affordability of insurance for consumers, will examine the element of profit and ensure that it remains in reasonable bounds. That which is reasonable varies with the market and is a fluid concept.
Is the word game verb?
It can be a verb. it is possible to 'game' something, and an example occurs in the public service with excessive use of business targets. The people in the business 'game' the targets rather than considering the best interests of the business. When the targets are properly aligned to the interests of the business, gaming should not be necessary. However targets are usually set by those not best placed to set them.
What are the small business owners responsibilities to a lender?
Small business ownerrs have taken a loan which they are supposed to provide within the limited period of time and interest agreed upon. Best lenders are the ones that help entrepreneurs with businesses and guide them through the process rather than diasppear and appear only when the repayment time comes.
Whose business is to provide a service rather than make a profit?
the fire service, police, ambulance, a charity like oxfam, the British heart foundation, cancer research UK etc
Business goal to provide a service rather than to make a profit?
the fire service, police, ambulance, a charity like oxfam, the British heart foundation, cancer research UK etc
Business whose goal is to provide a service rather than make a profit?
the fire service, police, ambulance, a charity like oxfam, the British heart foundation, cancer research UK etc
What is commercial establishement in hospitality?
A for-profit business, such as a hotel or restaurant; rather then say, a middle school cafeteria.
What's the best place to get your brakes replaced?
I believe that best refers to the quality of service from the employees, rather than the business itself. Pep boys and Midas provide a better quality experience in my opinion.
Do Columbia Hotels provide reliable service?
Columbia Hotels do provide reliable service. Depending on the rating of the hotel, you will receive the proper service that you are looking for rather than choosing a low rating hotel and getting horrible service.
What is the name of business that provides services to people rather than producing goods?
service industries
Why work for the company?
A person might work for a company rather than go into business for themselves because of the cost. There are many business expenses that need to be paid before a company can make a profit.
What is a business that provides a service rather than a product is called?
pues la verdad no tengo ni idea
Why are public transits and water systems exempt from antitrust laws?
Because they are a Public Utility providing a vital service and operating "For the Public Good" rather than simply a profit-making venuture. They usually are not profit-making operations and their income and fees must be protected from predatory pricing and competing ventures to ensure that they are able to remain in business and continue to supply vital services.
Is net profit part of owner's equity?
Yes net profit is part of owners equity that's why shown in balance sheet as an addition to capital.
What is Profit-making companies?
A profit making organisation is an organisation which its priority is to make a profit rather than to help the community.
