We have proved without sentiment and beyond reasonable doubt that truthfulness is indispensable to advertising because the public will gain from it but loose from deceptive advertising. Since every social relation is built on truth, therefore, truthfulness in advertising makes good background for effective communication. To the best of our knowledge, language is an instrument for action and such language should be devoid of deception because deception is always detrimental to public interest.
Discuss the relationship between economics and management functions. How does the former contribute to the latter?
Economics and Management are ideal intellectual partners, each particularly fitted to strengthen and cross-fertilize the other. Economics provides the broader understanding of economic activity within which all organizations function; management in turn analyses the character and goals of that functioning. The management economics is often a subsection of the economic science and thus in broader sense a special form of the social, culture and Geisteswissenschaften. Like the economic science it is based in principle on the fact that most goods are limited and must by the participants be managed. It describes the economic functions of the enterprise within a national economy. In addition above all the optimal organization of the factors of production belongs apart from the company targets and the economical functions. In the broader sense also all households are enterprises.
Comments
Post a Comment