• Business

    THE INFLUENCE OF ADVERTISING

    Advertising is one of the most powerful socializing forces on culture. It is one of the ways in which merchants and manufacturers markets their goods. It makes people know, remember and trust the familiar name. It has become an important and specialized branch of modern economic life. It sells images, values, and concepts of who we are and who we should be. Thus, it sells more than products. Interestingly, they shape our attitudes and our attitudes shape behavior. The government, charities and even races and religions advertise to try to get the public to buy the product. Many holds that advertising does not force anyone to do anything, it is…

  • Business

    HOW TO UNDERSTAND CORPORATIONS

    In global economy, corporation is the most dominant form of business entity. While a corporation is a business entity, not all business entities are corporations, and not all corporation are profit making entities. Two of the essential features of a corporation employed in defining it are its legal status and ownership of assets. From the legal perspective, a distinction is made between the corporation itself on one hand and those who work in it, manage it, invest in it, or receive its products and services on the other hand. The former is described as a separate entity that is independent of the latter. It is in this regard that corporations…

  • Business

    HOW FREE ARE WE IN BUSINESS

    The right to life, justice, honesty, truth-telling and freedom apply to life generally, so they apply in businesses. This rights are the right to have one’s own life protected whether one is an employer, an employee, or a consumer; the right to have the opportunity to pursue and qualify oneself for employment without hindrance; the right to establish a business, employ whom you want, and make a profit; the right to expect agreements contracts to be executed fairly, whether between employers and employees, or businesses and consumers; the right to fairness, honesty, and truth-telling at all levels of business dealing; the right to employment security; the right of businesses to…

  • Business

    IS THERE A DISTINCT RESPONSIBLE INVESTMENT?

    Whenever we allocate money, time or efforts in the expectation of capital gains, dividends, interest, et cetera in the future, we should seek to balance financial return with social good. This is investment that seek to avoid harm by screening business to be included in an investment portfolio which helps to promote environmental stewardship, consumer protection, and human right. In essence, businesses that are avoided include those that are involved in alcohol, tobacco, gambling, arms and ammunition, and pornography. Many shareholders today include responsible considerations in their business decision. They look for profitable just as they accords with stipulated ethical standards. From the above, responsible investment may be defined as…

  • Business

    BLUFFING IN BUSINESS

    In business, is there reward for being honest? What is the motivation for being honest? In response to these questions, it is perfectly alright to ask if there is a reward for being honest, but as it seems, this has nothing to do with whether one should be honest. It makes no sense to try to convincing people that they should be honest by pointing to the reward that may follow. Rather one should be honest because “honesty” is, by definition that which one should be. As for motivation, honesty often brings a reward, not every time. If it were always in one’s interest to be honest there will be…

  • Business

    PRICE AND PROFIT: INVESTIGATING THE CONUNDRUM

    It appears reasonable to define profit as what is left-over after all tangible, specifiable and quantifiable costs have been paid. Hence, it is considered to be the reward for tangible factors that are crucial to business. These would include risk, entrepreneurial creativity, initiative and the deferment of the use of one’s resources. Reasons for the justification of profit is that many of the solutions to problem in business effect affect profits, these include pollution, adequate workers’ wages, conducive work environment, genuine products and honest adverts. For many people, the intangible element that may justify profit do not have as much important as other immediate, basic, tangible and seeming pressing needs…