A _________ is a nongovernmental organization that serves its customers but does not have profit as an organizational goal.

Question

Quizplus · Accepted Answer

A nonprofit organization is defined as an organization that serves its customers without the goal of generating a profit. Unlike business firms, which prioritize financial gain, nonprofits typically have a social or community-based purpose. Community action programs and nonprofit state agencies may be examples of nonprofit organizations, but the term "nonprofit organization" is more all-encompassing and can refer to a variety of organizations with different structures and missions. Cooperatives, while also focused on serving customers, are not necessarily nonprofit organizations and may still prioritize generating a profit for their members.

A _________ Is a Nongovernmental Organization That Serves Its Customers