By Louis E. Boone, David L. Kurtz
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2. What are the primary objectives of a not-for-profit organization? and research facility in Memphis treats nearly 5,000 children a year for catastrophic diseases, mainly cancer, immune system problems, and infectious and genetic disorders. Patients come from all over the world and are accepted without regard to the family’s ability to pay. To provide top-quality care and to support its research in gene therapy, chemotherapy, bone marrow transplantation, and the psychological effects of illness, among many other critical areas, St.
The private enterprise system also permits fair competition RIGHTS by allowing the public to set rules for competitive activity. S. government has passed laws to prohibit “cutthroat” competition—excessively aggressive competitive practices designed to eliminate competition. It also has estabFreedom Profits of Choice lished ground rules that outlaw price discrimination, fraud in financial markets, and deceptive advertising and packaging. indd 10 Part 1 Business in a Global Environment 12/4/08 10:50:53 PM to cut their prices, allowing cable viewers access to a wider variety of programming.
But according to the terms of their partnership with Boeing, in return for a share of the profits from the 787, which sells for almost $200 million, these suppliers must also share the risk of the scarcity of cash while they pay their own vendors and employees. The plane itself attracted a record $100 billion in sales soon after it was announced. Why? It represents a technological leap—a fuel-efficient airplane that Boeing’s customers can fly profitably. And Boeing listened to its customers, among them British Airways, Continental, and All Nippon Airways, to find out what they needed early in the design process.