Economics is study of economies. That is, economic is the study of how human beings align their wants and desires, given the institutional structures of the indian lodge. (Colander).
Business plays a major role deep down our society. It is a creative and competitive activity that continuously contributes to the influence of our society. By satisfying the inevitably and wants people can non satisfy themselves, businesses reform the quality of life for people and create a higher(prenominal) standard of living. It is a dash for individuals to provide goods and services to consumers, and at the same time, produce a profit for themselves. Businesses are not only important beca utilise they provide goods and services for consumers, but they alike improve the economy and increase jobs for people within society which is an additional fact producing a higher standard of living.
A central function within our economic system is satisfying the needs of the consumers with the use of limited supplies. The purpose of a business is to amalgamate resources such as land, labor, and capital in a way that will make them more valuable.
As a team, we decided to use Proctor & international ampere; run a risk for our project. This paper will place basis with the history of the company, the products/services it provides, and why we chose P&G.
Historical Background.
The Procter & Gamble Company was founded by William Procter and James Gamble in the early eighteenth century. Williams, emigrating from England, and James from Ireland, decided to vanguard west to Cincinnati A.K.A Queen City of the West.
William Procter quickly established himself as a candle maker. James Gamble prepare himself to a soap maker. The two might never assimilate met had they not married sisters, Olivia and Elizabeth Norris, whose father convinced his new sons-in-law to effect business partners. In 1837, as a...
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