d) For-profit and not-for-profit

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Last updated 5:28 PM on 4/14/26
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4 Terms

1
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  • define a for-profit organisation

  • an organisation

  • → with the sole aim of producing and maximising profit

  • → by providing a good or service

2
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  • define a not-for-profit organisation

  • an organisation

  • → with the aim of meeting social and community needs

  • → with no aim of producing profit

3
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  • n/a

  • n/a

4
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  • n/a

  • n/a