Check all that apply.

Question

Name THREE benefits of being a for-profit business.

innovation

profit sharing (profit maximization)

swift expansion

tax exemption

Answer 1

The three benefits of being a for-profit business from the options provided are:

1. Innovation - For-profit businesses often have more resources to invest in research and development, leading to innovation.

2. Profit Sharing (Profit Maximization) - For-profit businesses aim to maximize profits, which can lead to profit sharing among stakeholders, including investors and employees.

3. Swift Expansion - For-profit businesses may have more access to capital and investment, allowing for faster growth and expansion compared to non-profit organizations.

Tax exemption is generally not a benefit of for-profit businesses; instead, non-profit organizations may receive tax-exempt status.