To emphasis on profit alone in introducing a product to the market will misdirect managers to the point where they may endanger

Question

Digiron [165]

3 years ago

15

To emphasis on profit alone in introducing a product to the market will misdirect managers to the point where they may endanger

the survival of the business. Briefly discuss this statement

Business

1 answer:

Otrada [13] · Answer 1 · 2022-07-29T04:02:54+03:00

Answer: Business are not meant for profit alone. Having a business that focuses on profit has only the managers and owners in mind and not the customer's.

Explanation:

Business are not meant for profit alone. Having a business that focuses on profit has only the managers and owners in mind and not the customer's. The main goal of a business is to satisfy the customer, customers would be glad to pay for services and products, but when the whole focus is on what the managers would gain, it'll affect productivity and would make the product or service minimal compared to what is paid for.