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How can a business fulfill its social responsability to its customers and still earn profit?
Wiki User
∙ 12y ago
while it earns its profits, it IS fulfilling its social res. IT is hiring, training,
buying locally.
Wiki User
∙ 12y ago
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Is profit the only business of business?
profit is not a business of business .But the business runs with a small inception of profit
Why is profit important for a business?
profit is important for a business because without profit there is no business. they need to generate profit to keep the business alive. profit well help the move up the business ladder to become a more successful business !
What is right or wrong moral or immoral in the business world?
When the business world focuses on greed and making the highest profit it can become immoral. By treating employers and customers right, the business world can be more moral.
Why profit is needed to business?
why is profit requirment for a business?
Social responsibility of business is to increase its profit elucidate this statement in the context of the economists?
The social responsibility of business is to increase its profit elucidate this statement in the context of the economist. Social responsibility should not be meant for profits but to the thank the loyal customers for buying certain goods.
How can a business fulfill its social responsibility to its customers and still earn a profit?
while it earns its profits, it IS fulfilling its social res. IT is hiring, training, buying locally.
What is the foundation of a business?
Businesses exist to make a profit and to meet the needs of the customers. When a business fails to do this, it may go out of business.
Do you agree with Milton Friedman that the only responsibility of business is to maximize profit?
Apart from maximizing profit, the business community has social obligations to fulfill along with generating employment, thus accelerating the progress of the national economy.
Why is the customer is so important?
It is because the customer is the lifeblood of any organization. Without customers, there is no profit. Without profit, the business will close its doors.
Why is speed and accuracy important for customer service?
The more customers that are served will mean a higher profit for the company as well as bigger business. The more customers served will mean more customers in the future.
Is profit the only business of business?
profit is not a business of business .But the business runs with a small inception of profit
Why does a business value its repeat custom?
they value the repeat custom as if they can get customers to return they will make maximum profit within the organisation.
What is the idea that a business should strive to satisfy customers needs and wants while generating a profit for the firm?
It is the Marketing Concept.
Why you wanted to be employ?
To be your own boss and independent and make your own decision that you think would be best for your business operation. But of course you do have all of your customers that you will have to please in order to make a profit from your self employed business operation and if you want to continue to make a net profit from the business.
Can you use an oil change coupon at competitors?
Depending on the company's policy, some locations would accept coupons from a competitor location. Companies do this ensure business and profit from their customers whereas if they didn't, their customers would go to a different location and lose profit.
What are The people and things that the organization needs to have to stay in business are called?
Under capitalism, a business needs to make a profit in order to survive. So capitalism is about profit-making, not about meeting the needs of customers or employees.
Why do you want to be self-employed?
To be your own boss and independent and make your own decision that you think would be best for your business operation. But of course you do have all of your customers that you will have to please in order to make a profit from your self employed business operation and if you want to continue to make a net profit from the business.
