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Nataly_w [17]
3 years ago
8

Milton Friedman stated in his famous article in The New York Times in 1970 that "the social responsibility of business is to inc

rease profits." Do you agree? If not, do you prefer that multinational corporations adopt a focus on corporate social responsibility or sustainability practices?
Business
1 answer:
BartSMP [9]3 years ago
8 0

Answer:

In this growing economy and competitive world, it is important for any business to maintain a good customer relationship by providing value to the customers. However, focusing only on profit maximization will not benefit the business in the long run.

Focusing on profit maximizing the profit will benefit the organisation in the short term and the company will only think about business interest keeping the costumers and society interest aside.

Explanation:

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Answer:

D) The value of all goods and services produced domestically.

Explanation:

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Answer:

E) Market Exchange

Explanation:

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A trade does not necessarily imply a money exchange, it can also include goods or services that provide utility for the other party. For example, an increase in group membership will help the theater group perform better.  

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