{"id":166,"date":"2015-04-20T19:30:59","date_gmt":"2015-04-20T19:30:59","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterybusiness1xngcxmaster\/?post_type=chapter&p=166"},"modified":"2015-07-11T22:58:27","modified_gmt":"2015-07-11T22:58:27","slug":"for-profit-vs-non-profit","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/chapter\/for-profit-vs-non-profit\/","title":{"raw":"Outcome: For-Profit vs. Non-Profit","rendered":"Outcome: For-Profit vs. Non-Profit"},"content":{"raw":"

What you\u2019ll learn to do:\u00a0distinguish between for-profit and non-profit organizations<\/h2>\r\nWe defined business earlier as an organization that provides goods, service, or both to their customers, clients, or consumers in order to make a profit. That definition, although accurate, does not account for those\u00a0organizations and businesses that are not\u00a0driven<\/em> by the \"bottom line\" or profitability. Instead, some organizations provide their goods and services in order to generate revenues (income) that can be used to further its purpose or mission. It is highly likely that you have been involved with a non-profit organization and although it may not have seemed like it at the time\u2014you were actually working with a business! In this section we will dig a little deeper into this idea of profit versus non-profit business.\r\n

LEARNING ACTIVITIES<\/h3>\r\nThe learning activities for this section include the following:\r\n