Which of the following given below is not an instance when pressure group is less likely to change business actions?
They have popular public support.
Consumer boycott result in much reduced sales
Group is well organized and financed
What the firm is doing is unpopular but not illegal, such as testing drug on animals.
Something that limits or controls the actions or decisions of a business.
Cost
Benefit
Constraint
Restraint
Licenses to pollute up to a certain level.
Penalties
Laws
Pollution permits
Pressure groups
Which one is a pressure group?
SAARC
Greenpeace
WWF
ASEAN
An example of a private cost.
Cost of land
Pollution caused by waste products
Health hazards
Money made from the sale of products
An example of a private benefit.
Jobs will be created
Other firms may move into the area to provide services to the firm.
Important products will be produced to benefit the society.
When is a scheme likely to be accepted in cost benefit analysis?
When the social benefits is greater than the social costs
When the social benefits is less than the social costs
When the social benefits is equal to the social costs
None of the above
If business damages environment, which of the following could take action to harm the firms’ reputation and sales?
Court
Political parties
Why might a firm not respond to pressure group activity?
Well organized and funded
The cost to the business of changing its methods is more than the possible cost of poor image and lost sales
They have public support and in the media
Consumer boycotts cause reduced sales
In cost benefit analysis, when will the government probably refuse permission for a project?