A business firm seeks profit while a(n) non-profit organization may seek other goals like operational efficiency or customer satisfaction.
Operational Efficiency: Utilizing time, people, equipment, inventory, and money as effectively as possible to support the business is known as operating efficiently. Effective businesses are leaner, more flexible, and more successful.
Customer Satisfaction: Customer satisfaction is measured in terms of how content customers are with a business's goods, services, and abilities.
A business firm seeks profit while a(n) non-profit organization may seek other goals like operational efficiency or customer satisfaction.
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