A Brand of Wine Is Priced at Only $5 Per

question 155

Multiple Choice

A brand of wine is priced at only $5 per bottle, far below the market price of most high quality wines. Before any reputation exists for the wine, consumers buy very little of this inexpensive wine because they interpret the low price to mean that the wine is of poor quality. The company decides to change the label on the wine to show that it has won awards for quality. This label change is an example of

• A)signaling.
• B)screening.
• C)selecting.
• D)All of the above are correct.

Recognize the influence of organizational factors and significant others on ethical decision making.

Identify the components and importance of ethical issue intensity in business decisions.

Comprehend the role of reinforcement and its effects on employee behavior and ethics.

Acknowledge the impact of leadership and personal values on ethical practices and work behavior.

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Definitions:

Taxi Cabs

Vehicles for hire with a driver, used by a single passenger or small group of passengers, often for a non-shared ride, to travel from one location to another.

Public Relations

A tactical interaction method that cultivates advantageous connections between entities and their respective audiences.

Unpaid News

News content or coverage that is not financially sponsored or paid for, often seen as more genuine or unbiased compared to sponsored content.

Media

Channels or tools used to store and deliver information or data, including print, digital, and broadcast.