The Costs of Business Activity - What do we mean by the price of progress? Give an example.
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C/W Business Studies March 28, 2003 The Costs of Business Activity 1. What do we mean by the price of progress? Give an example. The price of progress is the costs and benefits a company has to pay in order to expand the business or carry out a new venture. A good example of a controversial business activity is the Glastonbury Festival. There are people who benefit from it and people who suffer as a result of it. Farmers suffer in the sense that their livestock are threatened but they also benefit from the money of the land lent to the festival. There is a huge debate amongst local residents and the police and other people involved as to whether going ahead with the festival is worth it. 2. All communities are made up of individuals and groups who have different views about whether a particular decision is good or bad so it's important...


