Companies Must Decide What Principle They Should Use as a Guide

question 118

Multiple Choice

Companies must decide what principle they should use as a guide on issues of ethics and social responsibility.All of the following are common philosophies to accomplish this end EXCEPT which one?

• A)Let individual managers decide.
• B)Let individual companies decide.
• C)Let the free market decide.
• D)Let society decide.
• E)Let the legal system decide.

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Definitions:

Competitive Offerings

Refers to the range of goods or services provided by a company's competitors, which are considered when consumers make purchasing decisions.

Marketing Strategy

A long-term plan designed by a business to achieve specific goals through understanding customer needs and creating a strong brand value.

Sales Training Programs

Educational courses or workshops designed to improve the skills, techniques, and effectiveness of a company's sales force.

Digitally Mediated Training

Training programs that are delivered through digital platforms, including online courses and virtual training sessions.