Answered: Outline the economic benefits that an…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Outline the economic benefits that an organization may obtain by implementing a successful health and safety management system

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Step 1: Health and Safety Management System (HSMS) in an Organization

A Health and Safety Management System is a structured method that a company uses to efficiently manage and reduce hazards associated with employee health and safety. It includes rules, guidelines, instructions, and practices that are meant to protect the health and safety of workers, subcontractors, guests, and the neighborhood where the organization conducts business. The main goal is to prevent accidents, illnesses, and injuries while encouraging a safety-conscious culture and regulatory compliance.

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