What Does It Mean If a Company Is For-profit? Understanding For-Profit Organizations
A for-profit organization aims to make money by selling goods or services. Profits can pay shareholders and the business owner’s income. Examples include Apple, Microsoft, McDonald’s, and Coca-Cola. Starbucks Corporation, making money by selling various products, is another for-profit example, with $928.3 million in net income in 2020. Profits may be reinvested for growth or … Read more