Profit VS non profit

What is the purpose of a non-profit business?

• To earn money

• To help others

• To gain recognition

• To be famous

What is the purpose of a for profit business?

• To Make Money

• To Help Others

• To become famous

• For recognition

What is a good?

• A product

• Something someone does for you

• Something you buy

• A hamsters

What is a service?

• a product

• Something you can hold

• A hamster

• Something someone does for you

What is an example of for profit business?

• Ronald McDonald House

• Nike

• Tunnels to Towers

• American Red Cross

What is an example of a non-profit business?

• Tunnels to Towers

• American Red Cross

• Ronald McDonald House

• All the Above

Which of the following business are not a combination business?

• Hair Salon

• Walmart

• Landscaper

• Pharmacy

What is an example of a good?

• TV

• All of the Above

• Phone

• Computer

What is an example of a service?

• All of the above

• Roofing

• Lawyer

• Landscaper

Resources used to produce goods and services

• Labor

• Natural Resources

• Entrepreneur

• Factors of Production