The First Ethical Yardstick Is Utilitarianism, in Which Decisions Are

question 80

True/False

The first ethical yardstick is utilitarianism, in which decisions are made solely on the basis of their outcomes, ideally to provide the greatest good for the greatest number.

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Definitions:

Vertical Integration

A growth strategy to expand by acquiring upstream suppliers or downstream distributors.

Suppliers

Businesses or individuals that provide goods or services to another entity under terms specified in a contract.

Forward Vertical Integration

A business strategy where a company expands its operations by acquiring or establishing control over subsequent stages in its production or distribution process.

Hypercompetition

describes a business environment characterized by intense and rapid competitive moves, where advantages are quickly eroded due to constant disruptive changes.