How are for-profit business firms and nonprofit firms different with regard to the marketing concept? Multiple Choice Nonprofit organizations, unlike other business firms, do not need to take in as much money as they spend in order to survive. Nonprofit organizations' key measures of long-term success differ from those of other business firms.

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
icon
Related questions
Question

How are for-profit business firms and nonprofit firms different with regard to the marketing concept?

7
How are for-profit business firms and nonprofit firms different with regard to the marketing concept?
Multiple Choice
Nonprofit organizations, unlike other business firms, do not need to take in as much money as they spend in order to survive.
Nonprofit organizations' key measures of long-term success differ from those of other business firms.
Nonprofit organizations, unlike other business firms, do not face competition for the resources and support they need.
Nonprofit organizations should put less emphasis on their marketing concepts than for-profit business firms do.
Nonprofit organizations receive support from their beneficiaries, as opposed to business firms.
Transcribed Image Text:7 How are for-profit business firms and nonprofit firms different with regard to the marketing concept? Multiple Choice Nonprofit organizations, unlike other business firms, do not need to take in as much money as they spend in order to survive. Nonprofit organizations' key measures of long-term success differ from those of other business firms. Nonprofit organizations, unlike other business firms, do not face competition for the resources and support they need. Nonprofit organizations should put less emphasis on their marketing concepts than for-profit business firms do. Nonprofit organizations receive support from their beneficiaries, as opposed to business firms.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles Of Marketing
Principles Of Marketing
Marketing
ISBN:
9780134492513
Author:
Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:
Pearson Higher Education,
Marketing
Marketing
Marketing
ISBN:
9781259924040
Author:
Roger A. Kerin, Steven W. Hartley
Publisher:
McGraw-Hill Education
Foundations of Business (MindTap Course List)
Foundations of Business (MindTap Course List)
Marketing
ISBN:
9781337386920
Author:
William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:
Cengage Learning
Marketing: An Introduction (13th Edition)
Marketing: An Introduction (13th Edition)
Marketing
ISBN:
9780134149530
Author:
Gary Armstrong, Philip Kotler
Publisher:
PEARSON
MKTG 12:STUDENT ED.-TEXT
MKTG 12:STUDENT ED.-TEXT
Marketing
ISBN:
9781337407595
Author:
Lamb
Publisher:
Cengage
Contemporary Marketing
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning