Distinguishes business from other kinds of organizations

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Question 1. Similarly, how might we characterize an insurance business that is owned by its clients, as in the case of mutual insurance company? Do the owners of insurance policies buy them primarily for a profit?

Question 2. Are all of these organizations businesses in the same sense as, say, General Motors is?

Question 3. What is it that fundamentally distinguishes a business from other kinds of organizations, say, governmental organizations?

Reference no: EM133252777

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