Is profit maximization is good or bad for society?

of course it is bad research about it

Profit Maximization is a process that companies undergo to determine the best output and price levels in order to maximize its return. Companies usually adjust production costs, sale prices, and output levels as a way of reaching its profit goal. Profit maximization is a good thing for a company, but can be a bad thing for consumers if the company starts to use cheaper products or decides to raise prices.

The same actions that maximize stock prices also benefit society. Stock price maximization requires efficient, low cost operations that produce high quality goods and services at the lowest possible cost. Stock price maximization requires the development of products and services that consumers want and need, so the profit motive leads to new technology, new products and new jobs. Also, stock price maximization necessitates efficient and courteous service, adequate stocks of merchandise and well located business establishments.

Actually, industry is very good for society. But the pollution created by industry is bad for society, yes.

Firstly, good and bad are relative to every individual. Secondly, society can change people in either good, bad or neutral ways.

morality is the interest in the difference of good and evil, good conduct and bad conduct, motivations based on the idea of good. Morals, early on were decided upon by a given society as to what is good and what is bad for the society and these evolved into laws that governed that society.

sometimes it is good but not always

In the short run, a company may increase its profits by continuing to sell a product, even though, it knows that the product is defective or otherwise unsuitable for a particular use. In the long run, though, because of lawsuits, large settlements, and bad publicity, such unethical conduct will cause profits to suffer. Thus, business ethics is consistent only with long-term profit maximization. Quick Answer: No.

The bad thing about the society in Romeo and Juliet is that they are very warlike and are always fighting for no good reason.

It was neither good nor bad. It was very popular and provided some escapism.

It depends on the mentality of the user or consumer. On the right hands, science is good and a boon to society. But on the false hands, it is bad and a curse to society. But even if on the right hands, science can be bad, like a coin has two sides.

No. Every society strives to be good, and contains mostly good people. But there are also some bad people in every country.

A social response is something society says is good or bad.

Romanticism is the philosophy which taught that man is naturally good, but society is bad.

TV is both good and bad...good because it entertains and informs us bad because it increases obesity in the world and it also increases your electric bill if you have one to pay

No. Every society strives to be good, and contains mostly good people. But there are also some bad people in every country

Kind of a rhetorical question. In society it is better to be conditioned to be good because otherwise you will be put in prison, killed, or something else. Plus someone who is "bad" contributes nothing to society.

Negative net profit is not good because the business or person didn't make any money. Companies that continue to stay in the red and not make a profit may not stay in business very long.

I think you mean "PEST to society" Pest to Society: Ladybugs affect society in a good way because they eat bad insects. They do get bad in society sometimes because if they are in a house, and the person in the house tries to forcefully get them out, then the ladybug will become upset and make itself bleed. The blood is yellow and leaves stains and smells bad.

P & L responsibility is being held accountable for profit, which is good, and loss, which is bad. It means having to explain how profit is made, and how loss occurs. It goes on to mean the requirement to continue and increase profit, or in the case of loss, to reduce and eliminate, or minimize.

To teach them what is good or bad for their life and for society and guide them to a glorious future.

Mobile is good for the society because it helps you to stay in touch with everyone, helps you to be informed, lets you to have solutions to problems within a fraction of time.

because some company earn many profit and save some profit to use in the day of bad profit

It benefited them by getting rid of the bad and bringing in the good. The bad could not have a social connection with god!

A good citizen feels a sense of responsibility toward the society in which he or she lives, and contributes to the success of that society to the best of his or her ability. A bad citizen is only concerned with obtaining benefits from the society in which he or she lives, without being concerned about contributing anything of value in return.