What is reasonable

Assignment Help Marketing Management
Reference no: EM132846558

Most theologians and Bible studiers would point out that it is the love of money and not money itself that is the problem-as reflected in our selected verses. Remember Jesus said "Render unto Caesar" so he was not going to get involved in petty stuff like taxes. Where Jesus had a problem was when someone put money over God and having money or the acquisition of money became more important. I don't see that it is wrong to be paid for your skills. Surely Jesus had no problem with his earthly father being paid to build a house, and there is no reason not to expect people to be paid today whether they are filling racks in a retail store or calculating taxes. We could argue that throwing a football is not worth 1300 times the value of carrying a rifle into harm's way but that is another topic.

What is profit anyway? Profit is bringing in more than you spend and it has applications at home and at the office, both in for-profit entities and non-profit entities. If you are selling your product for less than it costs to make, you cannot support any charity. You also can't buy new equipment, or develop new products, or provide raises or employee benefits.

By the way, how did Jesus eat and clothe himself? He was called a carpenter, so we can relatively safely assume that he must have practiced that trade at some point in his life to earn a living. However, it does not appear that he worked later in life because there is no mention of it, so he must have lived off of donations and gifts. Can anyone or any company make a donation or gift without first making a profit? No.

Instructions

Question 1: You identified a company or industry of interest to use in your degree program. Until the world finds a way to not need charities, we need profitable organizations to pay good wages to generate the ability to personally donate. There is often public debate about "reasonable profit." What is reasonable? Is it an after-tax rate of 3%? 6%? 13%? What about the years when profit is -4% or -11%, meaning a loss was incurred? Can a company then be allowed to make 18% the next year for an average of 7% if 7% is considered "reasonable"? Who and what determines "reasonable profit?"

Consider these questions and post your thoughts on them:

Question 2: Is profit inherently evil or can it exist in the kingdom of God? Please explain.

Question 3: Is there such a thing as unreasonable profits in your company or industry of interest? If so, how do we determine that level where profits become unreasonable? If not, what do you say to those who feel there is?

Reference no: EM132846558

Questions Cloud

How should data mining be handled : How should data mining be handled? How do you think this will affect marketing? What are two examples in the film of social media mass spreading false news?
How do you make an income statement : The income tax rate is 25%. How do you make an income statement for 2021 beginning with income from continuing operations
How much time spend making plans in business : "If you want to hear God laugh, tell him about your plans." This makes us laugh until we realize how much time we spend making plans in business and personal.
Explain the relationship between sample size and materiality : Question - Explain the relationship between sample size, materiality, and desired level of assurance with respect to auditing
What is reasonable : What is reasonable? Is it an after-tax rate of 3%? 6%? 13%? What about the years when profit is -4% or -11%, meaning a loss was incurred?
What will be TapDance WACC : Suppose that TapDance, Inc.'s, capital structure features 75 percent equity, 25 percent debt, What will be TapDance WACC
Describes the hco path as implements the strategic plan : State your choice of HCO and explain why it interests you. Discuss whether the organization's purpose and priorities are clearly defined.
Calculate the book value on the December : Three different companies each purchased trucks on January 1, Year 1, for $58,000. Calculate the book value on the December 31, Year 3, balance sheet
What does the polo brand say about quality : What specific information are you trying to convey in the brand's iconic polo pony logo? For example, what does the Polo brand say about quality

Reviews

Write a Review

Marketing Management Questions & Answers

  Integrated marketing communication

Developing an IMC plan of Amazon that aims to create awareness and knowledge amongst Singaporean  consumers of the ethics involved in buying clothing made from Bangladeshi factories  .

  Multiple choice questions on e-commerce

The assignment in Computer Science or Information Technology is about multiple choice questions, particularly in e-commerce. Questions such as types of e-commerce websites, commercial websites, disintermediation, Platform for Piracy, the data that ca..

  Balanced scorecard for red lobster

The assignment in marketing is about Red Lobster, which is one US and Canada's most loved seafood restaurant. It has hundreds of outlets in US and Canada and it now wants to expand further. The approach adopted by Red Lobster has been discussed in fu..

  Marketing plan - marketing audit, swot and smart report

The assignment in marketing is about preparing a marketing plan. As part of marketing plan, the SWOT analysis, assessing the competitive position, identifying critical competitive issues, marketing objectives, strategy and actions have been suggested..

  Marketing plan

Marketing deals with preparing a marketing plan for either an existing product or a new product. Various aspects about launching a new product into the market are discussed ranging from the industry the product belongs to, goals and vision of the com..

  Yamato corporation analysis - harvard case study

Please refer to the PDF for the Case Study and questions.The case study from Harvard Business School is about Yamato Corporation, a parcel delivery company which provides door to door delivery in Japan.

  Marketing plan - create a new product

The assignment in marketing is about competitive analysis for a new product namely "heated insoles". These heated insoles can be put in shoes and they can protect the wearer's feet by keeping them warm during cold winters.

  Report on digital marketing strategy for a website

Promotion strategies of  the one's own developed website

  Integrated marketing campaign of mccafe

Integrated marketing campaign for McDonald's McCafe. McCafe has been launched in Canada. This is a case study which involves the use of digital marketing and social media marketing apart from regular marketing such as TV and radio. All these more are..

  New product development at adidas

In this paper, the researcher also determines the different kind of practices used by Adidas to manufacture shoes for its customers.

  Managing services in competitive environment

Services can be defined as separately identifiable, intangible activities which provide want-satisfaction when marketed to household consumers and/or industrial users.

  Prepare a marketing plan

A marketing plan is an essential tool for any marketer, providing direction for a brand, product or organization. A marketing plan describes the marketing environment, marketing objectives and marketing strategies.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd