Question

'In the long run, a profit-maximizing firm would never knowingly market unsafe products. However, in the short run, unsafe products can do a lot of damage.' Discuss this statement ; use example from Palestinian Business environment .

Answer 1

Answer:
The marketing of unsafe items is clearly conflicting with long-run benefit maximization. For illustration, no pharmaceutical producer would intentionally advertise drugs with negative side-effects much more prominent than expecting benefits. Shockingly, undercapitalized or "hit and run" producers can dispense a parcel of harm within the brief run some time recently the negative side-effects of drugs and other items are completely realized. When the amount and quality of shopper data is restricted, botches can and do happen. From this viewpoint, government or industry control of item security has the potential to diminish the social costs that result from unsafe items.

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