What Is the Last Step in the Ethical Decision-Making Process

question 18

Multiple Choice

What is the last step in the ethical decision-making process? ​

• A)​Individuals' intentions and what action they are going to take
• B)​Evaluation of whether the decision is an ethical issue
• C)​Analysis of individual, organizational, and opportunity factors
• D)​The application of moral philosophies to the decision
• E)​How others in the organization view the decision

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Definitions:

Stakeholder Obligations

Responsibilities or duties a company owes to its stakeholders, including customers, employees, investors, and communities.

Pricing Objectives

Goals that a company aims to achieve through its pricing strategies, such as maximizing profit, increasing market share, or discouraging competition.

Survival

The act of continuing to live or exist, often in spite of an accident, ordeal, or challenging circumstances.

Price Matching

A competitive strategy where a retailer promises to match lower prices offered by competitors on identical products to retain customers.