Define for-profit. for-profit synonyms, for-profit pronunciation, for-profit translation, English dictionary definition of for-profit. adj. Established or operated with the intention of making a profit: a for-profit organization. American Heritage® Di
5.a group of persons organized for some end or work; association. 6.the administrative personnel or apparatus of a business. 7.the functionaries of a political party along with the offices, committees, etc., that they fill. adj. 8.of or pertaining to an organization. ...
A firm is a for-profit business organization—such as a corporation, limited liability company (LLC), or partnership—that provides professional services. Most firms have just one location. However, a business firm consists of one or more physical establishments, in which all fall under the same...
An executive director is the senior operating officer or manager of an organization or corporation, usually at anonprofit. Their duties are similar to those of achief executive officer(CEO) of a for-profit company. The executive director is responsible for strategic planning, working with the boar...
The meaning of PROFITABLE is affording profits : yielding advantageous returns or results. How to use profitable in a sentence.
The meaning of CORPORATION is a group of merchants or traders united in a trade guild. How to use corporation in a sentence.
or earnings can be accessed or gazed from the entity’s financial statements. There can be different ways of presentations and terminologies. However, there are four types of profits for a commercial organization. And these are gross profit, operating profit, profit before tax, andnet profit. ...
From Longman Business Dictionaryfor-ˈprofit adjective [only before a noun] American English a for-profit organization is one which aims to make a profitThe I.R.S. began to question the tax exempt status of some American not for profit hospitals....
In simple terms, a nonprofit organization is a legal entity established to promote a specific mission or purpose without the intention of making a profit for its members or owners. These organizations typically operate in sectors such as education, health, environmental conservation, social services,...
Definition of P&L Responsibility: When an employee has the responsibility to manage the profit and loss for their organization.