for profit organization

  

Definition

A business or other organization whose primary goal is making money (a profit), as opposed to a non profit organization which focuses a goal such as helping the community and is concerned with money only as much as necessary to keep the organization operating. Most companies considered to be businesses are for profit organizations; this includes anything from retail stores to restaurants to insurance companies to real estate companies.

Use this term in a sentence

  • Many for profit organizations are listed on the Fortune 500 compared to non-profit organizations their primary goal is to generate income for the company and its investors.

    4 people found this helpful    
  • They were a for profit organization which meant that they worked for some money and not for free, which made us mad.

    8 people found this helpful    
  • If you have a for profit organization then you must try to make sure that you always have a good reputation with your customers.

    9 people found this helpful    
Show more usage examples...

Related Videos




http://www.businessdictionary.com/definition/for-profit-organization.html

Have a question about this term? Ask for help in the
Community
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z