How do nonprofit organizations compare to businesses

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Reference no: EM133645651

Questions:

1. How do nonprofit organizations compare to businesses? What role do nonprofits play in the economy? How has a nonprofit business impacted your life? Explain.

2. What are the factors of production? Select any business and explain how the factors of production are utilized (or not).

3. What are the five dimensions of the business environment? Discuss the key elements in each area as they relate to a business you are familiar with.

4. What is the definition of value? How does price relate to value? Think of a business that you use. How could they increase value (without lowering their price)?

5. Explain the concepts quality of life and standard of living. Give an example of each that is important to you.

Reference no: EM133645651

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