Compared to for-profit businesses, not-for-profit organisations _________.

Question

Quizplus · Accepted Answer

Not-for-profit organizations rely on funding from governments, sponsors, or donations to fund their operations instead of using investors' capital. This funding model differs from for-profit businesses, which raise capital by selling shares, borrowing money, or earning profits from their operations. Not-for-profit organizations also typically have lower operating costs because they are focused on their mission and not on generating profits. They do not charge higher prices for their products, as their primary objective is to serve the community, not to maximize profits.

Compared to For-Profit Businesses, Not-For-Profit Organisations _________