• Business

    PLACE OF MARKET IN SOCIAL RELATION

    The concept of “exchange” is at the core of the concept of markets. Markets are systems of exchange in which people with money or commodities to voluntarily trade these for other items which they prefer to have. Since property is itself a social institution, society will have a stake in ensuring that the terms of exchange are fair and that limits of exchange and property are set, so that some things, such as the labour of children should not be traded at market prices. Extreme political and economic liberty denies that anything other than the free operation of markets themselves is needed to solve this and practically all other political…

  • Business

    BUSINESS SALES PERSPECTIVES

    Many salespeople take complying with the law to be the only acceptable standard for their conduct and claim that they have no moral duty to provide buyers with information about the goods they sell, except for that information which the law requires for an enforceable sale. A perspective says that a voluntary exchange occurs “only if” the following conditions are met: Both buyer and seller understand what they are giving up and what they are receiving in return. Neither buyer nor the seller is compelled to enter into the exchange as a result of coercion, severely restricted alternatives, or other constraints on the ability to choose. Both buyer and seller…

  • Business

    EFFECTS OF MULTINATIONAL CORPORATIONS ON LOCAL INDUSTRY

    Within business circle, there seems to be much enthusiasm about globalization as it is believed to facilitate economic growth, global welfare, democracy and global peace. This process is subject to many interpretations, which is borne out of the fact that it is quite complex as it involves many features such as, internalization of trade activities, market liberalization and universalization of goods, services, lifestyles, and pattern of consumption, and the likes. The existence of political borders have hindered global connections between people. However, these borders are being eroded now due to the process of liberalization. Indeed, technological advancement and the erosion of political borders have greatly facilitated proliferation of supervisorial interconnections.…

  • Business

    BUSINESS AND ITS NATURAL ENVIRONMENT

    To what extent can we say that, within the detailed reflection on the human situation and the problems generated by human situation and the problems generated by human existence and essence? This is a problem in business conducts in our contemporary concerns the depleting of natural resources through careless over-use and the destruction of the environment. People in business should not have to bear total responsibility for these problems, they must certainly accept a large share of it. Businesses are truly blameworthy if they fight against viable solutions and don’t do what they can to alleviate problems that are either already present or that soon will be. This problems approached…

  • Business

    THE IDEA OF CORPORATE SOCIAL RESPONSIBILITY

    Social responsibility is a duty one has either as an individual or entity in society, to ensure that social well-being is not hindered but enhanced. While, a business entity has a primary objective to make profit, has a legal status and own assets, and that businesses are structured to hire people, describes job, hold managers for accountability, acquire raw material, and optimally use technology to ensure profit is effectively maximized. The idea of corporate social responsibility is paradoxical and strange, in the sense that corporate business organization are naturally, traditionally and by their essence antithetically oppose to social responsibility. The idea of corporate social responsibility is a by-product of the…

  • 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…