According to Milton Friedman,the Social Obligation of a Corporation Is

question 58

True/False

According to Milton Friedman,the social obligation of a corporation is to return as much money as possible to its shareholders.

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Definitions:

Routine Problem Solving

The use of simple, habitual decision-making strategies in buying situations that are familiar and not considered to be of high importance.

Behavioral Learning

Behavioral learning theory suggests that learning is the result of conditioning, where behavior is shaped through reinforcement or punishment, leading to a change in behavior patterns.

Response

The reaction to a specific stimulus or a set of conditions, often measured to assess outcomes in studies or customer feedback.

Reinforcement

In marketing, a strategy that involves using rewards or incentives to encourage repeat behavior or brand loyalty among consumers.