Non-profit organisations and Social enterprises

• What is the primary aim of not-for-profit organizations?

  Different aims and objectives than profit
• What are common examples of not-for-profit organizations?

  • Mutual businesses
  • Social enterprises
  • Charities
• How do mutual businesses differ from traditional businesses?

  They serve their members, not shareholders
• What is a classic example of a mutual business?

  Building societies in the UK
• What happened to most mutual building societies in the late 1980s and 1990s?

  They de-mutualised and became public companies
• Which mutual building society remains significant today?

  Nationwide Building Society
• What types of services does the RAC provide?

  Motor breakdown assistance and member services
• What defines a social enterprise?

  Businesses with primarily social objectives
• How do social enterprises use their surpluses?

  Reinvested for social purposes, not profit
• How do social enterprises compete in the marketplace?

  They use business principles to achieve social aims
• Name a well-known social enterprise.

  Divine Chocolate
• What activities do many charities engage in?

  Running shops and fundraising events
• How must charities use the proceeds from their activities?

  In accordance with their stated aims
• Who regulates the activities of charities?

  The Charity Commission