JAMB Commerce 1997 Question 7

Question 7

Business Management

Use the conversation below to answer this question.
MUSA: Taiwo, why are you in business?
TAIWO: To optimize profit, provide quality products and discharge my social responsibilities. What of you?
MUSA: I am in business to minimize cost, provide products at low prices and as you said, discharge my social responsibilities. What of you, Okon and Kalu?
OKON: I am in business to cater for the need of the consumers at all costs.
KALU: I am in business to make profit, provide quality products at reasonable prices and establish a good reputation for myself.
The businessman that may end up not discharging his social responsibility is

  1. A.Musa
  2. B.Okon
  3. C.Taiwo
  4. D.Kalu.
Show the answer and explanation

Answer: B (Okon)

Explanation

Okon will serve consumers 'at all costs', which can mean ignoring the effects of his business on others in society.