Societal Ethics

question 20

Multiple Choice

Societal ethics:

• A) include unwritten norms and values.
• B) encourage companies to adopt a broad stance on social responsibility.
• C) encourage companies to use tactics that lead to an institutionalized role orientation.
• D) encourage companies to use tactics that lead to an individualized role orientation.

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Definitions:

Pricing Strategy

A plan or approach used by businesses to set the prices of their products or services in order to maximize profitability and market share.

Gas Station

A facility selling fuel and lubricants for motor vehicles, often including convenience store items and services.

Premium Pricing

A strategy of setting prices higher than competitors to reflect a product's perceived value and quality, targeting consumers willing to pay more.

Leather Purses

Handbags made from the hide of animals, treated and fashioned into various styles and sizes.