Economics HL
Economics HL
4
Chapters
117
Notes
Unit 1 - Intro To Econ & Core Concepts
Unit 1 - Intro To Econ & Core Concepts
Unit 2 - Microeconomics
Unit 2 - Microeconomics
Unit 3 - Macroeconomics
Unit 3 - Macroeconomics
Unit 4 - The Global Economy
Unit 4 - The Global Economy
IB Resources
Unit 2 - Microeconomics
Economics HL
Economics HL

Unit 2 - Microeconomics

Business Goals Beyond Profit CSR, Market Share & Growth

Word Count Emoji
698 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onย 5th Nov 2024

Table of content

๐Ÿš€ Blast Off

The Journey Begins Remember how people say companies exist only to make profits? Well, plot twist: there are more adventures than just the "Profit-maximizing" quest. Let's dive in!

Profit maximization ๐Ÿฆ

Imagine you own a lemonade stand. Your goal? Squeeze out every penny of profit possible! This means producing exactly the right amount of lemonade so your income (total revenue) outshines your expenses (total cost). It's like playing a strategic game of Lemonade Tycoon!

Corporate social responsibility (CSR) ๐ŸŒ

Sometimes, businesses morph into superheroes, caring for the planet, their employees, and their community. It's like Batman avoiding pollution, Superman boycotting child labour, and Wonder Woman ensuring safe working conditions. This ethical business model is called CSR. It's about long-term goals that benefit not just the business but everyone involved. It's the way Starbucks sources ethically-produced coffee, or how Patagonia prioritizes sustainability in their products.

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Dive deeper and gain exclusive access to premium files of Economics HL. Subscribe now and get closer to that 45 ๐ŸŒŸ

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IB Resources
Unit 2 - Microeconomics
Economics HL
Economics HL

Unit 2 - Microeconomics

Business Goals Beyond Profit CSR, Market Share & Growth

Word Count Emoji
698 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onย 5th Nov 2024

Table of content

๐Ÿš€ Blast Off

The Journey Begins Remember how people say companies exist only to make profits? Well, plot twist: there are more adventures than just the "Profit-maximizing" quest. Let's dive in!

Profit maximization ๐Ÿฆ

Imagine you own a lemonade stand. Your goal? Squeeze out every penny of profit possible! This means producing exactly the right amount of lemonade so your income (total revenue) outshines your expenses (total cost). It's like playing a strategic game of Lemonade Tycoon!

Corporate social responsibility (CSR) ๐ŸŒ

Sometimes, businesses morph into superheroes, caring for the planet, their employees, and their community. It's like Batman avoiding pollution, Superman boycotting child labour, and Wonder Woman ensuring safe working conditions. This ethical business model is called CSR. It's about long-term goals that benefit not just the business but everyone involved. It's the way Starbucks sources ethically-produced coffee, or how Patagonia prioritizes sustainability in their products.

Unlock the Full Content! File Is Locked Emoji

Dive deeper and gain exclusive access to premium files of Economics HL. Subscribe now and get closer to that 45 ๐ŸŒŸ