Question

In: Finance

A. Discuss how businesses can do at least two of the following; support, maintain or decrease...

A. Discuss how businesses can do at least two of the following; support, maintain or decrease the quality of life for society.

B. Discuss how non-profit organizations can do at least two of the following; support, maintain or decrease the quality of life for society.

Solutions

Expert Solution

A. Business can help in developing the quality of life for society. Business through its various programs can help to support the quality of life for society as well as maintain the same.The business can create awareness among the society people on how various habits can be changed through social media and marketing. The business can contribute towards social security and develop programs say for planting of trees, health benefits of a product. Business should donate part of their business towards the welfare of the society and develop quality products that is beneficial to the overall society and cost benefit for them. The business can use celebrities to endorse and give message to the society for benefit of certain habits, as people are very much influence by the celebrities.

B. Non-profit organisations major objective is the welfare of the people and its society. It works towards developing and maintaining the quality of life of the society people. The non profit organisation can use the fund received from people or business either through donation or towards social responsibility for the betterment of the society. They can develop banners, create various programs and advertise through social media about the benefits of certain habbits that will help to maintain the quality of life for society.


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