Why Would a Business Use Consider Both Short-Term and Long-Term

question 5

Essay

Why would a business use consider both short-term and long-term cost functions in planning?

---

Definitions:

Societal Benefit

A positive impact on society at large, stemming from actions, policies, or innovations that improve well-being, welfare, or justice within the community.

Leadership

The act of guiding or directing a group towards achieving a common goal through influence and motivation.

Visionary Leadership

A leadership style characterized by the ability to envision future possibilities and inspire others to work towards these goals.

Core Principle

Fundamental beliefs or guiding truths that form the foundation for the system of thought or behavior of an individual, group, or organization.