Memo2 - In my opinion the purpose of business is to create...

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In my opinion, the purpose of business is to create profits in accordance with laws and relevant regulations so that this corporation can survive in this industry and in the long-run is doing greater good for whole society. In some facets, I agree with the idea that managers and companies exist to serve society and stakeholders, especially when it comes to those corporation with eleemosynary purpose. But if in a catastrophic economic crisis, in order to survive and produce long-term benefit for society and industry progress, those for profit companies had to fire some of or half of its employees and cut the purchase from suppliers to reduce expense and cost. In other word, those for profit companies fail to serve their stakeholder, their employees and suppliers. Therefore, in my
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Christopher Reinemann
"Before using Course Hero my grade was at 78%. By the end of the semester my grade was at 90%. I could not have done it without all the class material I found."
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