Explain the difference between ‘cradle to grave’ and ‘cradle to
cradle’ design, and describe a process by which a service or
product could become circular. In other words, how can we look at
waste differently, or create products that don’t produce negative
externalities? Can you provide examples of companies that have
successfully transitioned to a cradle to cradle process?
According to Milton Friedman, what is the responsibility of
corporate executives? What ethical responsibilities does Friedman
say businesses have to society?
Milton Friedman:
States that there is only one social responsibility that
organizations have and that is to use its resources and engage in
activities designed to increase profits. Therefore, there is no
need for corporate social responsibility as the organizations main
goal is profit- making.
With this view organizations have four responsibilities.
Discuss the four responsibilities in their orders.
“Contrary to the view of Keynesians, Milton Friedman argued that
the demand for money was stable and also maintained that the
interest elasticity of money demand was certainly not infinite.”
Elaborate
Milton Friedman: States that there is only one social
responsibility that organizations have and that is to use its
resources and engage in activities designed to increase profits.
therefore, there is no need for corporate social responsibility as
the organizations main goal is profit-making.
with the above, organizations have four responsiblilities.
1. Discuss at least four responsibilities.
2. Discuss at least four major factors that influence consumer
buying behaviour.
NB: insert reference