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worty [1.4K]
3 years ago
14

If a firm's business activities do not result in profit maximization, whilst alternatives exist, then such activities amount to

irresponsible actions. Discuss any five sets of economic responsibilities firms must embrace to ensure the protection and enhancement of the business.
Business
1 answer:
denis23 [38]3 years ago
3 0

Explanation:

For a company to remain profitable and competitive in the market, it must build a solid and positive positioning that guarantees itself and its stakeholders reliability and competence.

For this, some practices must be adopted in all its internal and external processes. Can be:

  1. Compliance with local legislation.
  2. Development of policies that promote ethical behavior .
  3. Development of social programs .
  4. Environmental management focused on minimizing environmental impacts.
  5. Transparency in accounting results.

The company must institute social and environmental policies and practices since its strategic planning, as currently at a level of global competitiveness, companies are responsible for developing corporate governance with a focus on helping to promote good practices that assist in the development of society and preserving the environment. Having positive values ​​builds a positioning that increases the reliability of the company's processes and ensures the continuous improvement of the processes, the reduction of waste, the attraction of investors, etc.

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The increased customer value achieved through performing organizational functions like marketing or manufacturing more efficient
Nuetrik [128]

Answer:

Synergy.

Explanation:

Synergy is the benefit that results when two or more agents work together to achieve something in a fruitful way, like the increased customer value, which either one could not have achieved on its own. It is the concept of the whole being greater than the sum of individual effects.

8 0
3 years ago
At which stage does advertising catch the attention of customers by building awareness of the product
JulsSmile [24]

Answer:

when there is an entry of a substitute product in the market. This is the right time that customers attention need to be fully caught. When there is a general decline in the sell of the product. Advertisement is necessary.

Explanation:

3 0
3 years ago
In 2011, advertising expenditures in the united states were:
marta [7]

about $103 billion. is the answer

6 0
3 years ago
What are the state minimum insurance requirements for Ohio?
Nina [5.8K]

Answer:

Minimum insurance requirements are $25,000 for injury/death of one person, $50,000 for injury/death of two or more people, and $25,000 for property damage in an accident.

5 0
3 years ago
Mary signed up and paid $1,260 for a 6 month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplet’s acco
Karo-lina-s [1.5K]

Answer:

Answer:

$420 of revenue, $840 of deferred revenue

Explanation:

Data provided in the question

Paid amount = $1,260

Given months = 6 months

Number of months = 2 months

For two months, the revenue is

= Paid amount × number of months ÷ given months

= $1,260 × 2 months ÷ 6 months

= $420

Now the deferred revenue is

= Paid amount - revenue

= $1,260 - $420

= $840

Hence, the revenue is $420 and the deferred revenue is $840

6 0
3 years ago
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