Types of Business Organizations: In Private Sector: Non-Profit Social Organizations March 25, 2021 | BUSINESS MANAGEMENT, BUSINESS ORGANIZATION and DIFFERENT TYPES OF BUSINESS ORGANIZATIONS Non-profit social organizations are set up to increase social benefits for the good of all the society instead of making a profit.
Opportunity Cost and Why Choosing Matters January 28, 2021 | BUSINESS ACTIVITY, BUSINESS MANAGEMENT and BUSINESS ORGANIZATION The next best alternative (desired product or service) which you give up, becomes lost opportunity. It is known as the opportunity cost of your decision.