An Activity Is Probably Ethical If It

question 13

Multiple Choice

An activity is probably ethical if it

• A)is approved of by most individuals in the organization and is customary in the industry.
• B)is approved of by no one in the organization,but has been carried out in the industry before.
• C)is customary in the industry.
• D)is not illegal.
• E)does not make consumers feel cheated,deceived,or manipulated.

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Definitions:

Competition

The rivalry between companies selling similar products and services with the goal of achieving revenue, profit, and market share growth.

Vertical Merger

A merger between two companies that operate at separate stages of the production process for a specific finished product.

Manufacturing Firm

A company engaged in the industrial process of producing goods through physical, chemical, or mechanical transformation of materials or components.

Retail Chain

A network of stores operated by the same company, offering similar or related products or services to consumers.