Use personal examples to show me you understand the two economic types.
2. How important are ethics in business and is it possible for a company or an organization to be operating legally but not be operating ethically? If it is possible, please explain how this could occur.
Use personal examples to show me you understand ethics and its importance in a company and our society.
3. What is a SWOT Analysis and how is it used? Could it be beneficial for an individual to do a SWOT Analysis on themselves?
5. What constitutes “Sexual Harassment” and specifically “who” is subject to the sexual harassment laws? Do you believe that the recent increase in sexual harassment allegations is justified? Why or Why not?
6. What is “market segmentation” and why is it done? Give specific examples in your everyday life.
7. Marketing, especially “Promotion,” has been criticized as adding unnecessary cost to products and increasing both consumer and business costs. Is this a valid criticism? Explain. Use examples from your life.
Remember to use at least 2 paragraphs, preferably 3. A paragraph is more than two sentences.
.doc file | Discussion | 7 pages, Double spaced
Answer preview
Companies can operate within the confines of the law while unethically at the same time. Such scenarios often happen in the business world, mostly as leaders attempt to make higher profits and a greater return on investment (ROI). Alwagfi et al. (2020) note that while companies can act unethically within legal boundaries, these actions have good returns in the short run but adverse effects on the company’s reputation, investment, and profits in the long run. An example is an infamous decision by Turing Pharmaceutical’s Chief Executive Officer (CEO), Martin Shkreli, to raise the price of one of their drugs, Daraprim, by 5000%. The goal was to increase funds to develop better drugs and attain a higher ROI for shareholders. While the decision was
