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16 January, 14:41

In the context of strategic thinking, which of the following is a difference between for-profit organizations and nonprofit organizations?

a. Unlike nonprofit organizations, for-profit organizations depend on events in the external environment.

b. Unlike for-profit organizations, nonprofit organizations focus on developing their core competencies.

c. Unlike nonprofit organizations, for-profit organizations focus on gaining competitive advantage in the marketplace.

d. Unlike for-profit organizations, nonprofit organizations target gaining specific customers.

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  1. 16 January, 17:53
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    c. Unlike nonprofit organizations, for-profit organizations focus on gaining competitive advantage in the marketplace.

    Explanation:

    The nonprofit organization is that organizations whose aim to focus on the welfare of the society as a charity, donation, etc. It can provide services in educational, research, etc,

    Whereas, Profit organization is those organization whose focuses to maximizing their profit and minimizing their cost so that it would gain a competitive advantage in the marketplace. Its focuses is to target as the general public.

    Hence, option c is correct
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Home » Business » In the context of strategic thinking, which of the following is a difference between for-profit organizations and nonprofit organizations? a. Unlike nonprofit organizations, for-profit organizations depend on events in the external environment. b.
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