Issues of Social Responsibility and Ethical Behaviour Are

question 128

Multiple Choice

Issues of social responsibility and ethical behaviour are:

• A)a concern only of business professors.
• B)the result of greed found in capitalist countries.
• C)found in many different countries.
• D)found primarily in countries with a low standard of living.

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Definitions:

Discriminated

Treated differently or unfairly, often based on race, gender, age, or sexual orientation.

Secondary Price Discrimination

A pricing strategy where the seller charges different prices to different consumers for the same product or service, based on factors other than the cost of production.

Tertiary Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service, based on factors other than the cost of production, typically in markets that are segmented.

Robinson-Patman Act

A federal law designed to prevent anticompetitive practices by producers, specifically prohibiting price discrimination.