A Manager in For-Profit Business Focuses Primarily on _____, While

question 157

Multiple Choice

A manager in for-profit business focuses primarily on _____, while a manager of a non-profit focuses on _____.

• A) the bottom-line; employee morale
• B) the bottom-line; social impact
• C) profitability; customer satisfaction
• D) market share; the bottom-line
• E) customer satisfaction; organization reputation

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Definitions:

Complementary Goods

Complementary Goods are products or services that are often used together, where the demand for one increases the demand for the other, like smartphones and data plans.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded at those prices.

Price

The charge established, required, or paid in exchange for an object.

Demand Curve

Graphically illustrates the quantity of a product or service consumers are willing to buy at various price points, underlining the inverse relationship between price and demand.