can companies benefit from having better moral awareness and moral judgement even if their cost rises...

can companies benefit from having better moral awareness and moral judgement even if their cost rises as a result? How?

Solutions

Expert Solution

Yes, companies benefits from having better moral awareness and moral judgement even though cost increases.

Good moral awareness and judgement improve the companies ethics thus helps to maintain the good relationship with different stakeholders and shareholders which ultimately increases the company profits.

Moral awareness and judgement in the companies boost the brand image of the companies products and services which eventually improve the sales thereby increase the profits to the company.

Therefore, even though there is rise in cost due to moral awareness and judgement company will be benefitted by by making good profits and good customer relations.

Note: Hi learners " If you like the answer or solution kindly up-vote my answer, this will be quit encouraging for me. Stay home stay safe..!!" Thank you

keosha answered 1 year ago

Next > < Previous

Related Solutions

Discuss how multinational companies can deal with repatriation issue. How can companies benefit from using women...

Discuss how multinational companies can deal with repatriation issue. How can companies benefit from using women expatriate? Is there advantage in male versus female?

How can companies benefit from relates diversification? Unrelated diversification? What are some of the key concepts...

How can companies benefit from relates diversification? Unrelated diversification? What are some of the key concepts that can explain such success?

How might a patient benefit from having access to relevant health information? How can clinicians use...

How might a patient benefit from having access to relevant health information? How can clinicians use access to key health data to provide quality care? *300 words

When do insurance companies encounter the problem of moral hazard? When simply having insurance causes people...

When do insurance companies encounter the problem of moral hazard? When simply having insurance causes people to take more risks than they would otherwise. When they do not have enough information to distinguish between people who are "good risks" and those who are "bad risks." When the price of insurance premiums fully reflects all available information. When the insurance company suffers large losses because a major catastrophe has affected a large number of people simultaneously.

Discuss how firms can benefit from (1) related diversification and also can benefit from (2) unrelated...

Discuss how firms can benefit from (1) related diversification and also can benefit from (2) unrelated diversification. Discuss some of the key concepts that can explain firm success or firm failure from selecting one or the other diversification strategy.

Having no internet access can make getting a job and even shopping for a good deal...

Having no internet access can make getting a job and even shopping for a good deal harder. This difference is called the “digital divide”, and is added to the reasons that getting out of poverty is hard. How do you think information technology (internet) has affected social classes? Has it brought the classes closer together, separated them more, or had no effect? Explain how/why.

choose two manufacturinf companies and explain why these companies would benefit from using an activity based...

choose two manufacturinf companies and explain why these companies would benefit from using an activity based costing system

I have a group project (Cost Benefit Analysis / ROI) that I'm having trouble with two...

I have a group project (Cost Benefit Analysis / ROI) that I'm having trouble with two parts- Competitive Analysis & Conclusion The topic is - To develop training programs internally instead of sending employees to external training providers Company Type - Healthcare organization Competitive Analysis: Summarize the experience other companies are having with this type of investment *This is what I had in mind but need further help please: How are other potential health organizations dealing with having a new...

Explain how cost synergies benefit the companies involved in a merger or acquisition depending upon the...

Explain how cost synergies benefit the companies involved in a merger or acquisition depending upon the type of synergy being discussed. Also, provide actual examples from the business world today and if you were a CFO of a Fortune 500 company what would you be looking for in prospective targets?

how low-cost marketing activities can affect the generation of the future bookings and the brand awareness...

how low-cost marketing activities can affect the generation of the future bookings and the brand awareness of children's party business? (450 words minimum)

Subjects