Profit and Non - profit

Front

The Starving Artists Society is classified as a: Combination product and service, For-profit, Non-profit, Service

Back

Non-profit

Front

How is Tom and Claire's website maintenance business classified? Options: combination product and service, For-profit, Non-Profit, Product

Back

For-profit

Front

How is Goodwill classified? Options: combination product and service, For-profit, Non-profit, Service

Back

Non-profit

Front

What is the main reason people start businesses? Options: Out of boredom, To pay taxes, Earn a profit, To hire friends

Back

Earn a profit

Front

Exists primarily to generate a profit, that is, to take in more money than it spends.

Back

for-profit organization

Front

Which of the following businesses is NOT a for-profit business? Subway, Microsoft, Meals on Wheels, Google

Back

Meals on Wheels

Front

What is the definition of Profit?

Back

The surplus of revenue over costs

Front

Common Characteristics of Organizations: Have a deliberate structure, Have a distinct purpose (goal), Composed of people

Back

all answers are correct

Front

A product is anything which satisfies customers’ needs and wants, and could be either a good or a service - True or False?

Back

True

Front

What are some examples of Social Media Marketing?

Back

You Tube and Facebook