Which of the Following Is a Difference Between Profit Organizations

question 1

Multiple Choice

Which of the following is a difference between profit organizations and nonprofit organizations?

• A)​Profit organizations focus on profit and sales maximization, while nonprofit organizations seek to redistribute income.
• B)Profit organizations use public service advertisements for promotion, while nonprofit organizations use commercial advertisements for promotion.
• C)Profit organizations market complex behaviors or ideas, while nonprofit organizations market tangible goods.
• D)​Profit organizations adopt undifferentiated segmentation strategies, while nonprofit organizations adopt differentiated segmentation strategies.

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Definitions:

Tangent

A straight line that touches a curve at a single point without crossing it at that point.

Long-run Equilibrium

A state in a market where all firms are making normal profits, with no incentives for entry or exit, and all factors of production are variable.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers.

Long Run

A period of time in which all factors of production and costs are variable, allowing companies to adjust to market changes.