Define the term business 
Distinguish between goods and services 
Distinguish between profit, loss, and value 
Understand the difference between for-profit and nonprofit businesses 
 
 
Watch the video and then answer the questions that follow.
VIDEO 
You can view the transcript for “The Surprising Origin of Dippin’ Dots” here (opens in new window). 
 
Dippin’ Dots actively supports social causes and nonprofit organizations. They list some of their involvement on their website . Does this make it a nonprofit business?
Show Sample Answer 
Many for-profit businesses contribute to social causes within their communities but since Dippin’ Dots’ main goal is profit, it is not a nonprofit business.