P&G's Purpose Statement is as follows
We will provide branded products and services of superior quality and value that improve the lives of the world’s consumers, now and for generations to come. As a result, consumers will reward us with leadership sales, profit and value creation, allowing our people, our shareholders and the communities in which we live and work to prosper.
Stakeholders:
- consumers
- employees
- shareholders
- communities
The free-enterprise system discourage entrepreneurs who waste resources because They can't make a profit and are forced out of business.
<h3>What is free-enterprise system?</h3>
Free enterprise can as well be described as the free market or capitalism, which is a economic system that is been driven by supply and demand.
In this Private businesses as well as the consumers control the marketplace , however free-enterprise system discourage entrepreneurs who waste resources because They can't make a profit and are forced out of business.
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The answer is spendthrift clause. It is a trust that is produced for the benefit of a person that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary. Creditors of the beneficiary usually cannot reach the money in the trust, and the funds are not actually under the control of the beneficiary. Also, it prevents the beneficiary's reckless spending of benefits.
