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Evgesh-ka [11]
3 years ago
6

Why might these sources of individual values not prove very helpful when making complex business decisions

Business
1 answer:
Blababa [14]3 years ago
5 0

Answer:

The first part of the question is missing:

"We all learn values from sources such as family, religion, and school. Why might these..."

To be honest, most of the time business decisions are not clean cut ethical or unethical, even if you are not doing anything wrong or illegal. When you are doing business you will try to make the largest possible profit and money doesn't just appear from no where, if you earn money, you will be taking it away from someone else. In the best case scenario, you will be giving that customer a higher perceived value than the cost of your product or service, so everyone wins.

But many times, not everyone wins. E.g. you manage a construction company and you will bid for a project, hopefully you will win and make money, but others will lose. Empathy is good for marketing, but very bad for finances.

When thousands of jobs are replaced not by Chinese workers, but instead by computers and robots, it's just bad luck for the unemployed. When large stores like Sears go bankrupt while Amazon surges, good for Amazon, bad for Sears.

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The question is not complete, last part of the question is missing which I write below;


Which of the following principles of economic interaction best describes this scenario?


And the answer is "trade can make everyone better off ".


Trade can make everyone better off in light of the fact that it enables nations or companies to work in what they excel at and to appreciate a more extensive assortment of products and ventures.

The three principles concerning economic interactions are:

(1) Trade can make everyone better off;

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3 years ago
What is the term for the rectangle where a row and column meet?
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Good day

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4 years ago
The marketing concept is a philosophy that a business organization should employ to satisfy customers' needs while achieving the
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Answer:

A. True

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3 years ago
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