Question

In the context of strategic thinking, which of the following is a difference between for-profit organizations and nonprofit organizations?

a.Unlike nonprofit organizations, for-profit organizations depend on events in the external environment.
b.Unlike for-profit organizations, nonprofit organizations focus on developing their core competencies.
c.Unlike nonprofit organizations, for-profit organizations focus on gaining competitive advantage in the marketplace.
d.Unlike for-profit organizations, nonprofit organizations target gaining specific customers.

Answer 1

Which of the following types of organization has a charitable purpose and cannot legally allow private individuals to benefit from the organization’s profits?

answer: nonprofit organization

Step-by-step explanation:

correct on edg 2020

Answer 2

c.Unlike nonprofit organizations, for-profit organizations focus on gaining competitive advantage in the marketplace.

Step-by-step explanation:

The nonprofit organization is that organizations whose aim to focus on the welfare of the society as a charity, donation, etc. It can provide services in educational, research, etc,

Whereas, Profit organization is those organization whose focuses to maximizing their profit and minimizing their cost so that it would gain a competitive advantage in the marketplace. Its focuses is to target as the general public.

Hence, option c is correct