Use the information given below to answer the following three questions:

Question

What will be an ideal response?

Answer 1

Ali and Noelle are the marketing managers of a clothing brand, Style Corp. They have manufacturing units in India and China. Investors are dissatisfied with the current profits and are pressuring the marketing team to increase profits. Noelle suggests increasing the working hours of the laborers by an hour. Doing so would increase the weekly outputs with minimal increase in the input cost. Ali believes that the increase in work hours should reflect as an increase in wage to the laborers. Noelle states that the employee compensation laws are not as stringent as those in the United States and this could be beneficial to them.

1. Describe the shareholders' concerns.

2. In the context of the four levels of corporate social responsibility, explain how Noelle believes they can benefit by increasing the work hours without an increase in pay.

3. In the context of the four levels of corporate social responsibility, contrast Ali's concerns with Noelle's.

The economic responsibilities of business are to produce goods and services that society wants at a price that perpetuates the business and satisfies its obligations to investors.Legal responsibilities are to obey local, state, federal, and relevant international laws.Ethical responsibilities include meeting other societal expectations, not written as law.