Non- profit firms are the only type of firm that does not convert inputs into outputs that can be sold or distributed.

Question

Quizplus · Accepted Answer

While non-profit firms do not aim to generate profits for their owners or shareholders, they still produce goods or services that are distributed or provided to their intended beneficiaries or clients. Therefore, they do convert inputs into outputs that have value, even if they are not sold for profit.

Non- Profit Firms Are the Only Type of Firm That