What is the universal term for a federal or state government agency, a nonprofit group like the American Red Cross or a university assuming they add value to their customers?BusinessNon ProfitWarehouseLLCCareer
Business
The universal term for a federal or state government agency, a nonprofit group like the American Red Cross, or a university assuming they add value to their customers is “organization.” An organization is a group of people who work together in a coordinated and structured manner to achieve a common goal or set of goals. The specific type of organization may vary, such as business, nonprofit, government agency, or educational institution, but they are all fundamentally geared towards providing value to their stakeholders. These stakeholders may include customers, clients, members, constituents, shareholders, or the general public, depending on the specific organization and its purpose. Ultimately, the success of any organization is dependent upon its ability to understand and meet the needs of its stakeholders in an effective and efficient manner.
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