The Public Demand That Businesses Give Proper Consideration to Consumer

question 56

Multiple Choice

The public demand that businesses give proper consideration to consumer wants and needs in making its decisions is known as _____.

• A)conservation
• B)political activism
• C)ethics
• D)consumerism

Distinguish between ethical relativism and ethical imperialism.

Grasp the concept of ethical behavior and its cultural context dependence.

Understand the role of ethical frameworks and spotlight questions in ethical decision-making.

Comprehend the factors influencing ethical managerial behavior, including personal, organizational, and external factors.

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Definitions:

Foreign Customers

Consumers or clients located outside the geographical boundaries of a business’s home country.

Global Managers

Professionals who manage business operations across different countries and cultures, often dealing with international markets.

Cultural Backgrounds

The various social, religious, ethnic, and cultural influences that contribute to an individual's unique worldview and approach to life.

Insourcing

Job creation through foreign direct investment.