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Susan is interviewing for a position in purchasing with a major international retailer. Susan would like to go into consulting and sees this job, if she gets it, as experience for joining a consulting firm in 2-3 years. The interviewer asks Susan, "Where do you see yourself in five years?" Susan replies, "Working here…and I probably would have moved up to head one area of purchasing." Evaluate Susan's response, considering ethical categories and applying the readings from Unit 2.
Market Price
The price of a commodity when sold in a given market, determined by supply and demand.
Entry of Firms
Refers to the process by which new companies enter an industry, increasing competition and potentially leading to lower prices and innovation.
Market Price
The present cost at which a service or asset is available for purchase or sale in a specific market.
Equilibrium Price
The cost at which the demand for a product or service matches the supply, leading to equilibrium in the market.
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