Business notes

The chapter will begin by defining business ethics. Next it will look at the factors that affect the standards of behavior in organizations and how ethical behaviour can be encouraged. Then, it will initiate the discussion on social responsibility. It will compare and contrast two present-day models of social responsibility and present arguments for and against increasing the social responsibility of business. Next, it will present the major elements of the consumer movement. It will discuss how...

This chapter delves in what business is and how organisations earn profits and satisfy customers’ needs. Next, it will state the reasons for studying business. Additionally, it will explore how capitalistic and planned economies answer the four basic questions. Finally, it will delve on capitalism in the United States and the four types of competition: oligopoly, monopoly, pure competition and monopolistic competition.

The chapter will begin by defining business ethics. Next it will look at the factors that affect the standards of behavior in organizations and how ethical behaviour can be encouraged. Then, it will initiate the discussion on social responsibility. It will compare and contrast two present-day models of social responsibility and present arguments for and against increasing the social responsibility of business. Next, it will present the major elements of the consumer movement. It will discuss how...

This chapter delves in what business is and how organisations earn profits and satisfy customers’ needs. Next, it will state the reasons for studying business. Additionally, it will explore how capitalistic and planned economies answer the four basic questions. Finally, it will delve on capitalism in the United States and the four types of competition: oligopoly, monopoly, pure competition and monopolistic competition.