StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Economic Decisions Made by Business Interests - Research Proposal Example

Cite this document
Summary
This essay discusses that business decisions made by business interests act as a tool in bringing varying elements of society together. In India, for example, Hindustan Lever is training local village women in business skills and to have sales skills so that they can sell Lever products…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.6% of users find it useful

Extract of sample "Economic Decisions Made by Business Interests"

Do economic decisions made by business interests act as a bridge, a tool, or a vehicle in bringing varying elements of society together? Please state a firm position (no fence sitting or saying “all of the above”) and prove your argument. Please include specific examples to validate your opinion and show the relationship of economics to Indian society.Business decisions made by business interests act as a tool in bringing varying elements of society together. In India for example Hindustan Lever is training local village women in business skills and to have sales skills so that they can sell Lever products.

Basically this decision was made by Hindustan Lever to increase sales for their products. However this is a tool to help the society together. The skills of learning how to run a business and how to sell products are an asset that the women can use in any form at any time. This helps them develop skills that they never had, therefore improving the level of education already. Secondly due to the business the standard of life improves when women run a business. They are able to double their monthly household income, which automatically helps.

Thirdly they are able to reduce child labor and keep their children in school for longer. Due to this the education level increases and this will automatically help in increasing the literacy rate. If these assets of training would only help in achieving one thing, selling, than this wouldn’t be counted as a tool. However, this helps improves the standard of living and increases the literacy level. Therefore increasing the betterment of Indian life overall. Any decision made by will always affect the society, if it is a helpful decision it can be referred to as a tool to better the society.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Economic Decisions Made by Business Interests Research Proposal”, n.d.)
Retrieved from https://studentshare.org/business/1546066-case-study
(Economic Decisions Made by Business Interests Research Proposal)
https://studentshare.org/business/1546066-case-study.
“Economic Decisions Made by Business Interests Research Proposal”, n.d. https://studentshare.org/business/1546066-case-study.
  • Cited: 0 times

CHECK THESE SAMPLES OF Economic Decisions Made by Business Interests

Invisible Hand Principle

His work involved the comparison of the “invisible hand” which leads to individuals seeking self-interests with the maximizing of overall public good.... hellip; To this, in year 1776, Smith put it that it is neither from the butcher's benevolence, nor that of the baker nor even of the brewer that people expect their supper but from the simple consideration of own interests and furthering them.... The merits of a command economy may include the main fact that they ensure that collective interests for the public good are maximized....
12 Pages (3000 words) Essay

Management Decisions

hellip; The right decisions made by the management in a firm, lead to maximization of value in a business or the firm.... When the right decisions are made by the firm's management to maximize value, this is also reflected in the increase of prices of the stock caused by the efficiency of markets in the economy.... Therefore, every decision made by the management should address the stock prices of the firm in the financial market.... Management decisions in a business revolve around value maximization of the stockholders....
13 Pages (3250 words) Term Paper

Managerial decision making

ollowing naturalistic decision making approach, organizations and managers understand that acting in one's own interest where one's well-being is the object as well as the subject of action does not necessarily exclude taking into account the interests of others, for those interests are almost always necessary to achieve success.... Third, acting in one's own self interests in either sense is not necessarily evil.... A hallmark of today's business environment is its chaotic nature....
7 Pages (1750 words) Essay

Models of Decision-Making

For decisions or problems to be classified in this model, the decision should be made by a coalition of several people who support a particular goal.... This is a prescriptive method of decision making and assumes that managers are rational and logical in their decision making process and their decision will be governed by the best interests of the organization.... The decision should also involve diverse interests and bargaining or negotiation process (Armesh 5)....
1 Pages (250 words) Research Paper

Accounting for business decision

An investment is made after considering a lot of factors such as risk and return on investments, the value of an asset or a company and other factors both internal and external.... A recommendation on the issue is given to aid the director's decisions.... According to the case study, the company is family controlled....
4 Pages (1000 words) Assignment

Managerial Economics Decision: Long-Term Investment Decisions

It also seek to explain how such a company can make use of various product pricing strategies and be able to maintain its market share despite the… The paper also discusses how government policies and regulations affect business operations and their effect on investments decisions.... Capital budgeting seeks t make sure there is accountability and measurability in business investments decisions....
10 Pages (2500 words) Case Study

The Relationship Between Lobbying, Businesses And Political Decisions

obbying is the process of trying to influence the decisions made by an administration, for example, the government especially the members of legislative assemblies of regulatory agencies.... Economic lobbyists represent, educate and advocate on the behalf of their business clients' interests.... They do this by presenting the interest of their company or client in the context of public interests.... Why is Politics and Government Big business?...
2 Pages (500 words) Essay

Users of Accounting Information

Managers are encountered with economic decisions that should be made regarding the business which require... ariuos users of accounting information have different interests in the information (Schneier, 2013).... irstly, the owners and investors of the business have a keen interest in the accounts kept by the business.... business owners are interested in knowing whether their funds are being misappropriated and not used in the desired manner (Leitner, 2012)....
4 Pages (1000 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us