HSM541 Assignment 3 >: NON-PROFIT VERSUS FOR-PROFIT

Nonprofit versus For-profit Profit is a term that most if not all have come across. It has a relation to business and more specifically its output. Looking deeper, profit is the surplus amount of money that a company or organization pockets once they have recovered their cost of production. With that in mind, it is easier to define the contents of the question. Profit organizations are organizations that engage in activities for money or profit while the non-profit ones participate in various activities mainly to give back to the society. It is, however, important to note that the non-profit organizations make money at some point. The idea is that they are not solely after the money. Other agendas are of more priority than money such as health care.