Question

a.Beriefly explai what the term 'not for profit organisation

b. Berifly explain how not for profit orgsnisations will usually be measured for performnce

c. What are thought to be the problems when measuring the performance of a not for profit organisation

d.Non financial performance indicators(NFPI's) are becoming more popular when measuring performance. Explain why that this is the case

e.Identify and explain the two main types of market research a business could use and why a company would wish to do research

Answer 1

As per the policy, only one question is allowed to answer at a time, but answering three for you here.

a. The term "not for profit organisation" is used for those organisation whose prime objectives of incorporation is not the making profits but creating the social and humanitarian values in the society.

b. The performance for "not for profit organisations" will be measured through the amount of social and well-being values like education, belongingness, lowering of inflation, hospitality services, etc. are being provided to the society.

c. The problems which are envisaged while measuring the performance of the "not for profit organisation" are the non-availability of the measuring scale of objectives of the organisation whose prime objectives of incorporation is not making money/profits but bringing social and economic values to the society at-large. The other important problem is no numerical measurement of performance.