Ethics of Profit‚ Part 3: The Profit Motive Posted March 29‚ 2011 Filed under: character‚ competition‚ corporations‚ decision-making‚ ethics‚ finance‚profits‚ white collar crime | This is the third in a 3-part series on the ethics of profit. (See also Part 1 and Part 2.) As mentioned in previous postings‚ we should distinguish between our ethical evaluation of profit per se (which‚ after all‚ just means financial “gain”)‚ and our ethical evaluation of the profit motive. After all‚ I don’t worry
Premium Corporation Criminology Profit
Name of the Business: Haefren Baum Nature of the Business: Haefren Baum is a retail home furnishing company‚ which has recently expanded to include three outlet stores. Marketing Analysis: Situated in downtown Cologne‚ Haefren Baum is high-end retailer of home furnishing. When it comes to marketing‚ Haefren Baum could not have picked a better company to establish a partnership because the Wiegandt company has established its name in the industry‚ and is highly advertised. Competition is evident
Premium Financial ratios Revenue Generally Accepted Accounting Principles
of the U.S. CSD market sales volume. This rivalry has experienced price wars at time’s which have always eroded profits but overall has been focused on brand loyalty‚ brand recognition‚ and effective distribution networks. The concentrate producers and bottlers have shared the profitability albeit at significantly different margins. According to Exhibit 4 in the case‚ pretax profit for concentrate producers is 30% while it is 9% for bottlers. Because the concentrate producers own the brands and
Premium Pepsi Profit Brand
that the world’s people are becoming increasingly dependent on one another. Business activities have sociopolitical implications and vice-a-versa. This being true‚ good business is supposed to foster progression‚ to offer something in return for profits. This has not been the case in recent years; scandals‚ tax cheating‚ dishonest financial reporting‚ greed‚ and all around irresponsible business for the purpose of a fatter bottom line has brought us to the state we’re in. A crucial part of business
Premium Economics Term Profit
Economic Unemployment: In an economic depression unemployment rates and decrease in the flow of money into the economy. Thorpe Park will find it exceedingly difficult to earn profits. As a result they reduce their staffs that lead to unemployment. But they only hire seasonal staff who only work 9 months of the year so employees will become unemployed at the end of the 9 months every year. Unemployment is a major influence on Thorpe Park as it will affect its products for example if they are short
Premium Unemployment Money Inflation
extend a line of credit of up to $750‚000. Analysis There are several reasons for Mr. Clarkson’s need to rely on borrowing despite good profits. Although the profits are good‚ they are not good enough in our view. The Net Profit Margin has been close to 2% since 1993 (Exhibit D).The cost of goods relative to the sales is high and is keeping the profit margin low. In other words‚ the costs have increased at a faster rate than sales. The Cost of Goods Sold is consistently around 75% of sales.
Premium Financial ratios Inventory Debt
In a short run‚ firms may earn profit or loss or zero economic profit. On the other hand‚ in a long run‚ firms will earn economic profits due to the higher barriers of entry. Since the patents and copyrights of a brand‚ as well as the name recognition of a firm‚ are very hard to obtain a reputation among the public‚ it also may lead
Premium Fuel cell Fuel cell Automobile
sales and profit goals‚ yet at the same time have a positive impact on society. The reason for this is that customers‚ investors‚ employees‚ government agencies‚ and communities are all influenced by business‚ yet they all have the ability to influence and impact businesses as well. A company’s reputation is at stake when it comes to being socially responsible‚ and many companies have developed a plan that ensures they are being socially responsible while still meeting their sales/profit goals.
Premium Social responsibility Local food Profit
George’s T-Shirts Synopsis: George Lassiter was a project engineer for a major defense contractor. He had an interesting side business of manufacturing and designing T-shirts for rock concerts‚ sporting events‚ and fund-raising events. George sold the shirts to his regular crew of vendors for $100 per dozen‚ and these vendors sold the public for $10 per shirt. He wanted to sell his shirts on a rock concert that was going to be held in two months. He was sure that 20‚000 tickets
Premium Cost Price Costs
1 Dakota current allocates warehousing‚ distribution and order entry cost equally to each customer. DOP’s pricing system is generally independent of the specific level of service provided for customers. They just chose a single cost drive. However‚ it’s not believable and proper to use this simple method to analyze costs when costs are more complex. So we need to use activity-based cost system to chose different cost drives and allocate costs based on the activity. 2 We identify four different activities
Premium Cost Costs Expense