Welcome to Westonci.ca, where you can find answers to all your questions from a community of experienced professionals. Explore a wealth of knowledge from professionals across various disciplines on our comprehensive Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

discuss the tension between business's interests in maximizing profits and the public's interest in receiving complete, truthful, and non-misleading information about products that they purchase.

Sagot :

In every company, tension of profitability against expansion, immediate vs. long-term goals, and the total firm vs. its constituent elements takes place.

The tension between business's interests and the Public's interest

  • Every firm and leader must figure out how to advance several seemingly incompatible goals at once.
  • Three sets of competing goals stand out among the others: profitability vs expansion, short-term versus long-term, and the entire company versus the individual pieces.
  • To make money, every businessman operates their enterprise. Every firm has one and only one objective: to maximize profit. The primary element is sales.
  • Even while businesses must constantly manage some of these conflicts, only one of them is ever crucial to unlocking improved performance.
  • Most of the time, CEOs prioritize the incorrect tension. This shouldn't come as a surprise because the conflicts frequently overlap.
  • For instance, a company's apparent difficulty balancing short-term and long-term goals could actually be a problem with expansion vs profitability.

Hence, In every company, tension of profitability against expansion, immediate vs. long-term goals, and the total firm vs. its constituent elements takes place.

To learn more about the company's tension refer to:

https://brainly.com/question/15011740

#SPJ4