John Enders shared you view of the complex elements that together may lead to profit maximization. He argued “that profit maximization is a very potent vehicle by which social attitudes and customs may be imposed on business practices.” Seems that he was prescient since we are increasingly familiar with the social impact of fair trade coffee, of the child slavery and chocolate campaigns by CNN, of poor working conditions in China, and child slave labor campaigns against consumer goods supplier who have their products produced outside the United States to avoid OSHA and child labor laws.
PLS GIVE THE ANSWER OF FOLLOWING QUESTION AND GIVE ONE REAL COMPANY EXAMPLE TOO. Need Answer in 400 words only
Given the increasing awareness of poor business practices in our world does the class think that John Enders is right and that we will increasingly see companies being required to answer to customers for unacceptable labor practices? and surely this will prevent profit maximization by these companies,
John T.Wenders, 1972, What is Profit Maximization?,Journal of Economic Issues, Vol. 6, No. 2/3 (Sep., 1972), pp. 61-66
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