There Are Several Ethical Considerations When Starting a Business,but Competing

question 155

True/False

There are several ethical considerations when starting a business,but competing against current and former work relationships is always fair game.
Similar to managers who work for large organizations,small business owners/managers must consider ethics when making decisions.The Making Ethical Decisions box depicts a situation where two employees plan to quit their jobs and create a business that directly competes against their current employer.Although they have a right to create a business and compete,how do they ethically compete for the same customers that their former employer serves?

Understand how self-esteem influences academic performance and sexual behavior.

Explore the relationship between motivation types and human behavior.

Evaluate the effects of social roles and comparison on self-perception and behavior.

Comprehend the sociometer theory of self-esteem and its implications.

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Definitions:

Promotion

Marketing activities intended to increase the awareness, interest, and sales of a product or service.

Compensation Increase

An adjustment or rise in the salary or wages paid to an employee.

Transfer

A move to another job within the company at essentially the same level and wage.