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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.
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Objectives of profitable and non profitable businesses?
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.
What is the difference between a traditional concept of business and a modern concept of business?
The traditional concept of business is profit motive but the modern concept of business is service oriented.
Relationship between efficiency and effectiveness?
Businesses aim to be both efficient and effective. With meeting both, a business will increase their profit margins and rise about their competition.
What is the relationship between management and organization?
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.
The role of the social or people-oriented leader is to a. Earn a profit b. Reduce tension and boost morale c. Lead by working hard d. None of the above?
Reduce tension and boost morale.
What is profit oriented business?
Businesses in business to make money
Profit oriented and non profit oriented entities?
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.
What profit oriented?
what is profit oriented?
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 organization?
Non profit making organization is the type that does not deal with profit oriented
What is profit oriental?
Profit oriented is concerned with or focused on commercially financial gain. A company that is not making a profit will soon cease trading!
What do you understand by profit oriented and non profit oriented entities?
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.
Does the economic principle apply to non-profit seeking businesses as it does to profit seeking businesses?
yes
What are the profit oriented price objectives?
Profit-oriented price objectives focus on maximizing a company's financial returns. These include profit maximization, where the goal is to achieve the highest possible profit margin; target return pricing, which sets prices to achieve a specific return on investment; and market share objectives, where pricing strategies aim to increase or maintain a desired market share. These approaches help businesses align their pricing strategies with overall financial goals and market conditions.
What is profit oriented objectives?
their main goal of course is to gain more profit for the target market.
What is profit-oriental?
Profit oriented is concerned with or focused on commercially financial gain. A company that is not making a profit will soon cease trading!
What are the businesses that are just home based?
A home-based business can be either product-oriented or service-oriented.
