Supply And Demand/Decision Making
Increase in a products price, will reduce the amount of it being purchased because:
Elaticity
A person who works for someone else:
An Employee
One of the desired effects of a business with a positive reputation for CSR is:
There may be an improvement in employee satisfaction and staff retention.
Appeal to logic/reason
Logos
A factor of production
Labor speed
What demand will not cause a product to change?
a change in the products price
What is the evaluation of your strengths and weaknesses?
Self Assessment
What is the name for laws intended to encourage business competition?
antitrust law
Appeal to emotion
Pathos
1 type of trade
Global trade
When cheaper alternatives to a product are easily accessible, demand for that product is likely to increase.
inelastic
What kind of entrepreneurial business manufactures the goods it sells?
Manufacturing
Why is it important for companies to have an ethical strategy?
By defining appropriate practices outside of what the government can control, business ethics strengthen the law..
Appeal to credibility/character
Ethos
Something that can affect global trade
Competition
The price of complementary goods influences:
Supply
What kind of entrepreneurial enterprise offers goods to individuals other than the ultimate consumer?
Wholesaling
What is an unethical situation?
Socially inappropriate behavior or conduct that the general public deems unacceptable
Offers extra to get for free
Bribery
1 trade barrier
Tariff
What element influences a product's usefulness to a certain customer?
Consumer's Age
What kind of entrepreneurial enterprise offers goods directly to the consumers or users of them?
Retailing
Describe three business ethics models
Utilitarianism. Rights and duties. Virtue ethics.
Who is the top-level management
The CEO
The better amount and different types of products is an example of...
Global trade advantage