Briefly Define and Describe Each of the Categories of Business

question 145

Essay

Briefly define and describe each of the categories of business products.Give two specific examples of goods or services that fit into each category.

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Definitions:

Utilitarian

Pertaining to the ethical theory that the best action is the one that maximizes utility, generally defined as that which produces the greatest well-being of the greatest number of people.

Amoral

Lacking a moral sense; unconcerned with the rightness or wrongness of something.

Autonomous

Having the freedom to act independently, making decisions and actions based on one's own authority and principles.

Rational Human Agents

Individuals who are believed to make decisions based on logic, reason, and their own best interests.