question_answer

Playtime Ltd is a leading manufacturer of plastic toys. The management of the company has only one objective and that is of profit maximisation. The company uses toxic plastic for making the toys even for infants and advertises that all its toys are made up of non-toxic plastic. The other asthetics of toy-making, such as smooth edges, safety concerns, etc are also overlooked by the company. The company also infringes upon the patent rights of other known companies such as Leo Mattel, Playway, etc. The factory also emits lots of smoke and degrades the environment. The company overlooks this issue also and is busy in profit making.

(i) As per the above case, what values are overlooked by the company?

(ii) What are the steps that should be taken by the company to secure the society?

Answer:

Not Available