__________ is a privately owned organization that serves its customers to earn a profit so that it can survive.
A) agency
B) business firm
C) institution
D) nonprofit organization
E) entity

Question

Quizplus · Accepted Answer

A business firm is an organization that operates to earn a profit and is owned by private individuals or groups. This distinguishes it from other types of organizations, such as non-profits and institutions, which may not prioritize profit-making.

__________ Is a Privately Owned Organization That Serves Its Customers