Being that Apple is a powerful corporation they carry the ability to dictate

Being that apple is a powerful corporation they carry

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increase their margins and reinvest that into its employees and work environment. Being that Apple is a powerful corporation, they carry the ability to dictate working conditions, or else the manufacturer risks losing Apple's lucrative business. 5. Is it responsible for Apple to apply different ethical standards to different countries? Apple is one of the largest companies in the world; they are highly profitable and are the first company in the U.S. with $1 Trillion. Given these facts, it can be argued that it is not only irresponsible but also unethical that Apple applies different standards to different countries. As mentioned in the case study, they can account for up to 40% of a suppliers yearly revenue, and Apple possess incredible leverage when it comes to determining which suppliers will have their business, it would not be a far cry for Apple to set requirements that go beyond governmental labor laws. 6. Should firms such as Apple maximize their profits, or should they sacrifice some profits to do good? Whether a large corporation such as Apple should maximize their profits or sacrifice them for social responsibility comes down to cultural norms. A capitalistic society, such as the U.S., which seeks to maximize profits no matter the human cost,
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would argue that profits are King. However, our society becomes more interconnected every day, and a single supply chain impacts a multitude of people and communities in varying countries, both directly and indirectly. I believe that businesses have a moral responsibility to be socially responsible. 7. Have these CSR problems at Apple had a meaningful impact on the bottom line? The CSR problems have not had a meaningful impact on Apple’s bottom line as it has a loyal customer base especially with its products having few substitutes. Without a doubt they did lose some customers who make their decisions on how responsible corporations are. However, these CSR issues did not affect Apple’s
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