Shaun G

I have been given a topic to prepare on for a coming exam where we need to discuss the validity of the claim by Milton Friedman that the only social responsibility of business is to increase its profits and maximise returns to shareholders with reference to the seven platforms of social responsibility. Problem is, I've never been taught them and neither can I find anything about it in my textbook. Thanks in advance!

Are they franchised? Privately owned by individuals or groups? Or does Nissan own them wholly?

In terms of products (tastes, portions, packaging), promotion (advertising, gifts), place (mail order maybe?) and price (higher in certain countries etc.)?

Is it the same as their vision which can be found on the BAT website? Even their values were hard to find. Oh, and if you do find it.. would you say it's a good mission statement?

Are there any chemicals or gizmos which could be used to release black smoke from under your clothes without harming you. Probably something that would react to increase body temperature or could be released at will. Plan on using it for some 'shock' effects.

Bob has been made a standing offer of $1 million for his burger shop by a competitor. He will also receive $50k/year if he sells out. Bob figures he could earn 10% on that $1 million. Currently Bob's burger shop generates $200k in revenue and has expenses (wages, utilities etc.) of $100k. The original investment was $100k but the business is worth alot more today. Which would be considered explicit and implicit costs? Should he sell out from the point of view of an accountant and an economist? Would their views change if he inherited this business? How about if he owed $1 million to the bank on a 10% loan?

Anyone remember it?

Cause (if you don't know about it) there are lots of rubbish, so called 'facts' in that book!!