If a firm’s business activities do not result in profit maximization, whilst alternatives exist, then such activities amount to irresponsible actions. Discuss any five sets of economic responsibilities firms must embrace to ensure the protection and enhancement of the business.

Q: Explain Economic Life and Obsolescence?

A: Real estate is described as a property that is made up of buildings upon the land and it also…

Q: Why is competition an important element of the free market system? Bring current examples of…

A: Competition for the market implies the attempts and competitive strategies followed by the firms to…

Q: Please assist with a statement of the problem for Economic and Social Consequences of COVID-19 on a…

A: Economic and Social Consequences of COVID-19 on a small business has been discussed as follows

Q: Contrast and compare the mercantilist and scholastic approaches to analyzing an economy.

A: Economic analysis is the study of economic systems through various angles. It can be a study of a…

Q: Identify THREE public policies that can stimulate employment and facilitate economic growth in an…

A: There are three types of public policy that can promote economic growth: 1. Increase in education…

Q: Choose two organizations operating in the same sector. Write a report on the comparison of CSR…

A: CSR refers to the corporate social responsibilities that every organization has to promote social…

Q: With one example each, state and explain 5 outputs derived from a business policy

A: Business policy contains roles, responsibilities, and decisions that a business uses in order to…

Q: Explain the term economic environment?

A: Marketing environment determines the factors that affect the market. It includes internal factors…

Q: The demand for CSR from manufacturing companies must necessarily come from consumers but not…

A: Corporate social responsibility: The requirement of a company to be moral, responsible, and…

Q: Explain the concept of emerging markets. In your explanation: Briefly contrast an emerging market…

A: A Market can be described as a place where free trade of products takes place. It can be referred to…

Q: Explain the relationship among profit, business risk, and the satisfaction of customers’ needs.

A: Profit - It is the net amount the company is left with from the revenue after deducting all the cost…

Q: The term refers to a business's obligation to maximize its positive impact and minimize its negative…

A: Business organizations have an obligation toward society and the environment in which it operates.…

Q: "business growth through diversification.When does diversification becomes less productive ? "…

A: Most of the firms doing business prefer to enhance their growth by diversifying their products or…

Q: what do you think is the main contribution of the industrial revolution to economic dvelopment.

A: The industrial revolution changed the world by bringing a transformation in economic, business and…

Q: why economists are sceptical about industrial policies? Please provide specific reasons?

A: Industrial policies are a set of rules implemented by the government to promote industrial…

Q: It is called policy when the government advocates for one industry to affect the economy.

A: Protectioist policies generally focus on foreign purchases but may also include other aspects of…

Q: OVID 19 really affects the business all over the world. It paralyzes many business operations and…

A: The apace evolving threat around the COVID-19 virus ordinarily said as coronavirus, is impacting the…

Q: What are the three types of economic systems? What criteria can we use to evaluate them? Explain

A: An economic system can be defined as a system which involves the use of money in the activities like…

Q: Identify three or four well-known firms that succeed through cost leadership.

A: The four well-known firms that succeeded through cost leadership are:

Q: five economic challenges faced by businesses today and ways of overcoming those challenges

A: For example, hundreds of mattress companies have sprung up in recent years, each claiming to…

Q: Give at least 5 reasons as to why healthcare is different from other sectors of an economy

A: An economy is a broad collection of production, consumption, and exchange-related activities that…

Q: What are the four conditions that must exist for the free enterprise system to exist? What are the…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer one question at a…

Q: What are the real indicators of real economic development?

A: Economic indicators use to the economic performance and based on that predictions made for the…

Q: How would knowing the basics of management affect being an agricultural economist?

A: Agricultural economics is a branch of knowledge that deals with the approaches to economic concepts…

Q: What single industry do you think suffers the most from the bargaining power of buyers? How about…

A: Organizational behavior is the study of group and individual performance and activity that are held…

Q: summarize the differences between Market Mechanisms in Conventional Economics and Islamic Economics

A: Conventional economics is about how a company maximizes its profits in the marketplace and it does…

Q: Select any three Organizations of your choice other than from Pakistan. Explain what CSR activities…

A: These days there are various organizations and industries that are active these days. The internet…

Q: Define economics, explain why scarcity iscentral to economic decision making, andidentify the major…

A: Economics can be defined as the study of how people interact or deal with the value in the case of…

Q: Why are economists wary of industrial policies? Could you please offer clear reasons?

A: industrial policies: industrial policies are those policies that are made and designed in order to…

Q: Can you name a company or a firm for which you believe its social capital both within the firm and…

A: The company that believes its social capital is important for competitive advantage is Tata motors.…

Q: As a business consultant, you are approached by KFC South Africa to advise them on CSR. With…

A: Corporate social responsibility can be referred to as those practices through which a company…

Q: Consider the following scenario and then answer the questions that follow. You and two friends have…

A: There are many different types of economic systems that businesses can operate under. The three most…

Q: The economic model of social responsibility emphasizes the effect of business decisions on society;…

A: Social responsibility has focus on Major four perspective that are economic, ethical, social, and…

Q: How important is for a business student to know the economic indicators?

A: An economic indicator is a piece of economic data, usually on a macroeconomic scale, that analysts…

Q: What evidence exists to support the credit view ofmonetary policy?

A: If  a special lending or credit channel exists, changes in the willingness and ability of banks to…

Q: What is the interconnected relationship between marketing and economics

A: The way the marketers push their their product or service in the market depends on the economic…

Q: what external motivation do enterpreneurship lack to take up business opportunities presented by the…

A: Here, we need to discuss about the external motivation that Entrepreneurship lack to take up the…

Q: Describe the four basic assumptions required for a laissez-faire capitalist economy

A: Laissez-faire capitalist economy is one of the form of economy according to which all the economic…

Q: Describe how interest operates in a free-market economy and establisha basis for understanding the…

A: Free market economy is all about how the demand and supply in the market happens without any…

Q: How tax rates affects the competitiveness of an organization?

A: In an organization, there are different kinds of tasks and activities that are being done.…

Q: Provide ethical interpretation of the Great recession?

A: The Great Recession has resulted in loss for half of the American workers because of layoffs,…