The social responsibility of business is to make a profit

Assignment Help Operation Management

Reference no: EM13757289

Have we discussed Milton Friedman, the economist, He had a famous article in the NY Times in 1972, which can be summed up as, "the social responsibility of business is to make a profit".

100 word or less

Reference no: EM13757289

Questions Cloud

Significance of inventory turnover to a retail store : Discuss the overall significance of inventory turnover to a retail store. Compare Wal-Mart's 2012 and 2013 inventory turnover rate, and give your opinion on the way in which Wal-Mart could improve its inventory turnover ratio. Provide a rational..

Characteristic of a global industry : Which of the following is characteristic of a global industry?

Resource commitment on the part of the focal firm : Which of the following foreign market entry strategies requires the most substantial resource commitment on the part of the focal firm?

Healthcare system executives for the decision making : How does the financial planning and strategic planning of the new for-profit status align with the financial and strategic plans of the existing community hospital status?

The social responsibility of business is to make a profit : Have we discussed Milton Friedman, the economist, He had a famous article in the NY Times in 1972, which can be summed up as, "the social responsibility of business is to make a profit".

Importance of cost-visual fit : Mickelle Bride, the CEO of Harmony Organ, was very excited about the new methods of looking at costs you showed her previously (fixed cost, variable cost, and semi-variable cost, the importance of cost, visual fit, high-low, and least-squares regr..

Increase my personal competitive advantage : How can I use my time in school to increase my personal “competitive advantage”? What kind of new skills can I create to be more successful?

Value of preparing a contribution income statement : Explain the value of preparing a contribution income statement. Describe the concept of sensitivity analysis and explain the value of applying it during any budgeting process.

Objectives of the burger assembly and ordering process : What are the objectives of the Burger Assembly and Ordering Process? What are the objectives of the sub-processes reflected in the different swim lanes? Please write a procedure for how employees input a new order in the system.

User Account

All Pages