Author Question: A retailer increases its hours of operation so that customers can shop for goods when it is ... (Read 56 times)

bobthebuilder · **on:** Jul 14, 2018

A retailer increases its hours of operation so that customers can shop for goods when it is convenient for them. What value does this represent?
A) Right position
B) Right price
C) Right product
D) Right place
E) Right time

Question 2

The manager of a large retail chain recently spoke to a group of college students about being successful in the business world. He focused particularly on the importance of fulfilling the purpose of the business organization: that is, to produce and market profitable products needed by society. In so doing, he indicated that a stockholder, not the society as a whole, invests in a corporation to earn a return on his or her investment and that a firm is legally obligated to act in stockholders' interests. What concept do the manager's comments reveal?
A) Socioeconomic model of social responsibility
B) Economic model of social responsibility
C) Strictest model of social responsibility
D) Consumerism
E) Rights of employees