On Wednesday we had a discussion about the theories behind supply. If you don't remember anything else about supply in a theoretical sense, remember that the incentive in business ownership is profit motive. A business will provide as much as they can at the highest possible price. They will also do what they can to ensure the production costs are low enough to ensure profit. This includes overhead costs like salaries/wages, rent for a building, purchasing the resources to make what you need, and the effects of production.
So here is my question for you: How far is too far when it comes to profit motive? What are you willing to sacrifice in order to make a profit? This is really a business philosophy question,but give it a try. Other questions to consider: Is having labor in the form of sweatshops, or other less than ethical situations, okay? How about undocumented workers from other countries? What about making your products environmentally friendly, even though this has the net effect of making your goods more expensive? On the other hand is it worth damaging the environment to make a profit? Do consumers play a roll in this? Don't they have the power to influence what businesses do? Again, the question I am giving you is how far would you go as a business owner to make a profit?
