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An organisation gives correct warning on a product despite lower profit. From exam viewpoint which answer is best?

Answer and explanation

Correct answer: Social objective was prioritised

Giving a correct product warning protects consumers’ safety, health and interests. Doing so despite lower profit shows that the organisation has placed its social objective above its profit objective. Lower profit does not mean that the profit objective has ended, while personal objectives relate to employees’ needs and aspirations. Exam tip: Link consumer safety, honest information and environmental protection with social objectives.

Related tags

Social ObjectivesManagement ObjectivesConsumer ProtectionBusiness EthicsClass 12 Business StudiesObjectives Of ManagementNature And Significance Of ManagementBusiness Studies

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