Which of the Following Statements About Supply Shortages Is True

question 92

Multiple Choice

Which of the following statements about supply shortages is true?

• A)Supply shortages occur when a new product is in demand
• B)The target audience is the mass market
• C)This is a long-term market
• D)The key benefits are lower costs and scale savings

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Definitions:

Ethical Imperialism

An attempt to impose your ethical standards on other cultures.

Universalism

Suggests ethical standards apply across all cultures.

Cultural Relativism

Suggests there is no one right way to behave; ethical behaviour is determined by its cultural context.

Ethical Unethical

Pertaining to the distinction between actions or decisions that are morally right (ethical) and those that are morally wrong (unethical).