Examine Apple’s current position on the company’s ethical and social responsibilities, and determine whether or not the company has met these responsibilities. Provide two (2) examples that support your position.
In addition to maximizing profits, one of the main objectives to many corporations today is to be well known for their responsible management and ethical performance. Apple is one of the most important companies throughout the world because of its size and their innovative products and services (Sanchez-Barajas, 2012). Nevertheless, innovation is what drives the sector development and the basis for the economic development.
Furthermore, Apple has created about 514,000 jobs in …show more content…
Determine whether or not you believe that Apple’s customers would be willing to pay more for its products if Apple had to increase selling prices in order to provide better wages and benefits for suppliers’ workers. Provide a rationale for your position
I believe Apple customers would be willing to pay more for Apple products. This is all due to a simple concept called brand loyalty. Business dictionary (2014) defines brand loyalty as: “the extent of faithfulness of consumers to a particular brand, expressed through their repeat purchases,