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What was the belief that government should own all the business because people are greedy and will take advantage of customers?
This description sounds a lot like socialism. Socialism is the economic system where everything included under economics is run by the government and spread equally amongst all taking place in it. Socialism is a direct opposite of capitalism, which is the economic system where everything included under economics is controlled by private parties that have little interference from the government. Friedrich Nietzsche came up with socialism, which was trying to solve the problem of exactly the question you are answering: players involved in capitalism's system were often greedy and took advantage of customers, with a majority of the wealth centered around a certain group. Socialism tends to tax heavily and often, in order to keep the wealth spread around, while Capitalism has a laissez-faire (free market) and has little taxes on goods.
What else can I help you with?
What describes Theodore Roosevelt's ideas about the role of the government?
Early in his political career Theodore Roosevelt's ideas on the role of government were apparent because of his interest in fighting corruption. He was also interested in reforming government.
Why common ownership is an advantage to customers and companies?
because Haashim daal is gay
Importance of customers?
Most organizations or businesses exist because of customers, and for customers. Customers support the organization financially. Good customer service is important because the service received is a reflection of the business.
Why do employers value their costomers?
Employers value their customers because they are essential for generating revenue and sustaining the business. Satisfied customers lead to repeat business, positive word-of-mouth, and brand loyalty, all of which contribute to long-term success. Additionally, understanding customer needs and preferences helps employers improve their products and services, fostering innovation and competitive advantage. Ultimately, prioritizing customers enhances overall business performance and growth.
Why should a business maintain good relationship with customers?
A business should keep good relations with its existing customers because it is far more expensive to get new customers than it is to keep the customers you already have. The priority is always to 1) keep your present customers happy and 2) get additional customers if you can.
Why is business ethic necessary to apply?
Because you would like to have as much customers as possible. And you want your customers to buy again from you.
Why business ethics is so important?
Business ethics are important because managers want customers to purchase their products. When customers think businesses aren't ethical, they tend to avoid purchasing from them.
What advantage did parliament give the east India company in the colonies?
Because they were part of the Britain government!
Why are changes in business environment important for a communication company?
because it creates goodwill to the customers
Why is it important to build positive working relationships with contacts?
It is important to build positive working relationships with your customers in order to keep your customers. Customers are what keeps your business going. No customers, no business. Honesty, loyalty and integrity are what keeps customers. We have been in business for 15 years and it is because of these qualities. You must work very hard and do your very best for your customers.
Why is competitive advantage important for a business to establish one?
Competitive advantage is crucial for a business because it enables the company to differentiate itself from competitors, attract and retain customers, and achieve higher profitability. By establishing a unique position in the market—through superior quality, innovation, or cost efficiency—a business can create barriers to entry for rivals and build customer loyalty. This not only enhances market share but also fosters long-term sustainability and growth. Ultimately, a strong competitive advantage allows a business to navigate challenges and capitalize on opportunities more effectively.
What is single best source of cash for business?
Collections from customers, because it results from the core operating activities of the business and does not create liabilities.
