Walmart Uses Core Competencies, Such as Information Technology and Distribution

question 19

True/False

Walmart uses core competencies, such as information technology and distribution channels, to create value for its customers through its "everyday low prices."

Explain how culture serves as a socializing force influencing moral and ethical behaviors.

Recognize the financial implications of neglecting product quality and safety standards.

Understand the unethical practices in business competition including economic espionage.

Familiarize with laws designed to protect consumer rights including children's privacy and safety.

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Definitions:

Societal Values

The commonly held standards, ethics, and moral principles that govern behavior and actions within a society.

Equitable Principles

Legal rules derived from fairness, morality, and justice, rather than those based strictly on laws or statutes.

Specific Performances

A legal remedy where a court orders a party to perform their contractual duties, rather than seeking monetary damages.

Injunctions

Court orders that require a party to do or refrain from doing specific actions.