The Economic Dimension of the General Environment Is Not Relevant

question 50

True/False

The economic dimension of the general environment is not relevant for not-for-profit organisations because they are not concerned with making profits and operate the same way under all economic conditions.

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Definitions:

Generating Publicity

The act of creating interest and awareness among the public or media about a person, product, or event, often through strategic communication and events.

Driving Business

Refers to the strategic actions and tactics employed by a company to promote growth, competitiveness, and profitability.

Triple Bottom Line

An accounting framework that considers social, environmental, and financial performance as measures of an organization’s success.

Corporate Philanthropy

The act of a corporation donating resources, including money, goods, or time, to social causes or charitable organizations.