Final answer:
The not-for-profit form of business organization is appropriate for the Green Bay Packers because it aligns with their mission and values. Community ownership ensures that the team operates in the best interest of the community rather than for private shareholders. Revenue generated is reinvested back into the organization to improve the team and provide benefits for the community.
Step-by-step explanation:
The Green Bay Packers are a unique case in the world of professional sports. They are the only non-profit, community-owned team in the NFL. The not-for-profit form of business organization is appropriate for the Packers because it aligns with their mission and values.
The Packers were established in 1919 and have been community-owned since 1923. This ownership structure ensures that the team operates in the best interest of the community rather than for the benefit of private shareholders.
Although the Packers do generate revenue, it is reinvested back into the organization to improve the team and provide additional benefits for the community. For example, the team has invested in stadium renovations and community programs.