As a policymaker, how would you convince someone to allocate financial resource to address important issue...

As a policymaker, how would you convince someone to allocate financial resource to address important issue such as plastic waste?

Please be thorough in your explanation.

Expert Solution

Allocating Financial Resources for cutting down plastic waste they entail a certain amount of expenditure. In most cases the management will not be willing and happy to make this investment since it is additional cost for the business and will reduce profitability. For making this investment the management needs to be assured that it will result in long-term gains. Firstly, every business has a social responsibility and it needs to follow the culture of fulfilling this social responsibility. Making an investment for cutting down plastic waste is required for fulfilment of social responsibility. It will also reduce expenses and problem of disposal of the plastic waste. Moreover, fulfilment of this social responsibility will bring in benefits in the form of additional goodwill to the business. Not making the financial expenditure may invite penalties and negative publicity which will be harmful to the goodwill and long term profitability of the business.

jeff jeffy answered 10 months ago

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