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:
Answer:
Cantril Ladder
Explanation:
Cantril ladder approach was developed by Hadley Cantril. The approach is a method of assessing the well being of individuals. The cantril scale is represented by an imaginary ladder with steps numbered from 1 to 10 wherein each step denotes a happiness level.
For example, level one would relate to poor well being i.e the case of individual being least happy whereas level 10 would represent highest satisfaction in life and happiness.
As per the research conducted across the globe, the cantril scale of well being and happiness correlated really well with the income of the respondents indicating, that well being and happiness are directly related to an individual's income level.
In ancient Greece, a group of people living together with the common purpose of taking care of each other through economic activity was called a community. This community was <span>group of folks who are living together and share common interests </span><span>three centuries before the classical age, between 800 B.C. and 500 B.C</span><span>
The group consists of people who are like minded, but still individuals. </span>
The materials that helps you achieve your goals are called :
Resources
Example of resources are :
- Capital
- Connection
- Skilled workers
hope this helps
