How does Costco's Code of Ethics—which puts customers, employees, and vendors ahead of shareholders—remain consistent with their fiduciary responsibility to their shareholders?
-
This question asked by Anonymous
Ask Your Question
I don't find these two to be inconsistent at all. Costco has been very profitable and it has loyal customers and employees. Loyal customers return regularly to the store and a stable employee base reduces turnover and enhances the experience that shoppers have while in Costco. Costco is in a very competitive market and its ability to differentiate itself slightly from its competitors gives it a small measure of pricing power -- this is good for the shareholders.
- Your Thoughts
- Was this helpful to you? (1 votes)
- Tags
- Related Content
-
-
- 5 Stunning Stats About Sears
- innovation, profits, economic growth
-
- Pulling Cash from My Vending Machine Business
- marginal benefit, marginal cost, profits, opportunity cos...
-
Ask Dirk Now!
Students, got an econ question?
- Who's Dirk?
- More on the man, himself. Meet Dirk
- Econ Media Library
- Check out multimedia tools, videos and more in our Media Library
What People are saying...