What type of organization is primarily focused on making money?

Explore key concepts for Clemson Principles of Management Exam. Test yourself with flashcards and multiple choice questions, all offering detailed explanations. Ace your exam preparation!

The focus of a for-profit organization is primarily on generating profits for its owners or shareholders. These organizations operate to maximize financial returns by selling goods or services. Their decisions, strategies, and operations are primarily driven by the goal of increasing revenue and managing costs to enhance profitability. This focus on profit maximization distinguishes for-profit organizations from others, such as nonprofit organizations, which prioritize a mission or cause rather than financial gain, and social enterprises, which seek to balance social impact with financial sustainability.

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