Milton Friedman Argued That a Company with an Action Plan

question 24

True/False

Milton Friedman argued that a company with an action plan for social responsibility is essentially acting in a fundamentally subversive way.

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Definitions:

Walmart

A multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, known for its scale and efficiency.

Strategy

A plan of action designed to achieve a long-term or overall aim.

Operational Effectiveness

Refers to an organization's ability to perform activities more effectively and efficiently than its competitors, leading to superior performance.

Supply Chain

The entire system of production, handling, and distribution of goods from raw materials to final products to the consumer.