An organization that seeks to operate efficiently and effectively to achieve its

Question

An organization that seeks to operate efficiently and effectively to achieve its goals without a profit motive is a(n) 5. a. service business b. corporation c. business intermediary d. not-for-profit organization e. goods producing business 6. Matt has a small landscaping business and mows lawns and trims bushes for several families in the neighborhood. Matt has what type of business? a. manufacturing business b. goods producing business c. not-for-profit organization d. merchandising business e. service business 7. create value by performing activities that deliver some benefit to the customer, such as automotive repair, banking, health care and massage therapy. a. Competitively-advantaged b. Manufacturing C. Intangible goods-producing businesses d. Service businesses

Explanation / Answer

Answer 5

d. Not-for-Profit Organization

Explanation : A NPO does not earns returns for it owners . All the funds that are accumulated through donation or earnings are utilizes for organization 's objectives.

Answer 6

e. Service Business  

Explanation : Under Service Business intanigle benifits are provided to consumers . The benifit provided my Matt are all intangible in nature . thus its a service business .

Answer 7

d. Service Businesses  

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