Rite Aid – A New Focus(Scenario not real) We are all familiar with the name RiteAid. RiteAid made…
Rite Aid – A New Focus(Scenario not real)
We are all familiar with the name RiteAid. RiteAidmade headlines when they announced that they would no longer sell tobacco products in its 8,450 stores in Fall 2016. This was not an easy decision since RiteAid had anticipated big losses in revenue as a consequence of this decision. So why take this step? How can a company make a decision in favor of reduced revenue? Does a company not exist to maximize its profits? Would you have made such a decision if you were a businessman? What does it imply to society? What does it imply to other businesses?
In this discussion you will take a closer look at this decision taken by RiteAid. You are expected to do research and bring in researched information in addition to your thoughts/perceptions/feelings on RiteAid’s business acumen vs. corporate social responsibility. Your initial discussion entry should be a well thought out as well as researched paragraph and your other entries would be a combination of responses to others’ entries as well as responses to questions/comments to your initial entry.