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Ethics Refers to Issues of Right and Wrong, Fairness, and Justice

question 11

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Ethics refers to issues of right and wrong, fairness, and justice.


Definitions:

Industry Attractiveness

A measure of the potential profitability and prospects for growth within a particular industry or market sector.

Bargaining Power of Buyers

The influence that customers have over a producing industry, often affecting pricing, quality, and terms of sale.

Degree of Rivalry

The extent and intensity of competition among businesses within the same industry.

Substitute Products

Goods or services that can be used in place of each other, offering consumers alternatives in their purchasing choices.

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