Green

In: Science

Submitted By Ruchez
Words 547
Pages 3
Student’s name
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Impacts of going Green
Assets refer to economic resource whereas liability refers to legal debt that a company incurs in the course of doing business. Current assets include ready money, investments, accounts receivable and register. Current liabilities include accounts owed, accrued salaries, accrued taxes and bank loans. Companies such must Method strive to maximize return on the assets while reducing their liabilities. One way of achieving this goal is by adopting cost efficiencies in doing business. Therefore, greener operations ability to cut method's costs will result in an increase in assets. The company can use the money arising from the adoption of green operation to acquire more assets either by having more investments to continue building the company. Additionally, green operations ability to cut the company's costs will ensure that the company can reduce their legal debts by using the move money saved as a result of going green to payoff some of the debt. The green operations will further ensure that the company does not incur liabilities in the course of doing their business.
Method’s move to pursue green business activities that are costly in the short term is informed by the benefits it stands to gain in the long-run. The benefits of pursuing green operations make it the future of doing business. For instance, it allows the company to cut on operational costs. Green products are becoming popular with customers, and a company should align itself with what the customers want to remain relevant and competitive. Research has shown that eco-friendly household commodities supply with growing in the household cleaning market from 3% in 2008 to approximately 30% in 2013. Therefore, the move to pursue green operation is not only necessary but important if the company is to remain in business. Companies that will wait until…...

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