Chapter 2 Progress Questions: 1. Explain the term business ethics. The application of ethical standards to business behavior. 2. Explain the difference between a descriptive and prescriptive approach to business ethics. The descriptive you are merely observing what is going on; where as with prescriptive‚ you are giving advice on what should be happening. 3. Identify six stakeholders of an organization. Stockholders‚ Employees‚ Customers‚ Suppliers‚ Retailers‚ Federal Government 4. Give
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This task provides evidence for P6 In this assignment‚ i am going to describe and explain how marketing mix is useful for the new product being bought to the market and how i will be using it. Marketing mix is commonly known as the 4ps: product‚ price‚ place and promotion. These are controllable element and its importantly used when determined and adjusted until the right combination that serve the needs of the product consumers. The product i have chosen for my marketing mix is a phone that
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The image named ‘‘Progress’’ presents many unusual characteristics and details. It is composed of a group of individuals walking down the street with protest signs‚ a black and white tone that contrasts the objects of the shot that gives a notion of the meaning of the situation. At first‚ the image looks like it is trying to communicate to the audience the many issues that had to resolve on the Dominican Republic. The purpose of this piece is to give a format to and register the men and women protesting
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Imperialism: Progress or Regress? Some may say that Imperialism‚ especially through the eyes of the imperialists‚ is taking over one country to make it a much better place to live. Most history books would indeed agree to this. This may be beneficial to the country taking over but for the country being taken over‚ it is not. We have only been shown one side of the coin. We have been shown all of the positives that the imperialist have done and all that they have accomplished‚ but what we haven’t
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Progress Check #1 ACTIVE READING STRATEGIES (50 Points) PART A: List the five active reading strategies. Explain each strategy in one or two sentences. (5 pts. each for a total of 25 pts). 1. Predicting – Predicting is making an educated guess on the essay‚ text‚ chapter‚ or article that you are about to read by reading the title and the first or second sentence of a paragraph to predict what that passage is going to be about. 2. Visualizing – Visualizing is making what you
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R. Preston McAfee‚ Price Discrimination‚ in 1 ISSUES IN COMPETITION LAW AND POLICY 465 (ABA Section of Antitrust Law 2008) Chapter 20 _________________________ PRICE DISCRIMINATION R. Preston McAfee* This chapter sets out the rationale for price discrimination and discusses the two major forms of price discrimination. It then considers the welfare effects and antitrust implications of price discrimination. 1. Introduction The Web site of computer manufacturer Dell asks prospective buyers
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Price Discrimination in the Mobile Phone Market Mobile phones are nowadays a part of our lives‚ the majority of us use them on a daily basis. Some people use them less frequently‚ when they are away from their homes‚ while for some they have already replaced the old landline phone. Young people use the SMS and MMS services quite often‚ while more senior people limit themselves to just making calls . Some prefer the pay-as-you-go; others have monthly contracts for a flat fee. There are a variety
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PRICE STABILITY 1’’Price stability is the economic term used to refer to a situation where the general price level covering consumer goods remain unchanged or if it does change‚ it happens at a low rate so that it is not strong enough to make any significant influence on economic decision of participants in a economy. We encounter prices in different forms in our daily life activities as buyers or sellers when we get engaged in consumption‚ investment or trade. In market economy‚ price changes
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Price FloorsA price floor is the lowest legal price a commodity can be sold at. Price floors are used by the government to prevent prices from being too low. The most common price floor is the minimum wage--the minimum price that can be payed for labor. Price floors are also used often in agriculture to try to protect farmers. For a price floor to be effective‚ it must be set above the equilibrium price. If it’s not above equilibrium‚ then the market won’t sell below equilibrium and the price floor
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VALUE Vs PRICE There are four major attributes of a commodity i.e.‚ an item or service produced for‚ and sold on the market has four major attributes. They are: • a value • a use‐value (or utility) • an exchange value • a price (it could be an actual selling price or an imputed ideal price) VALUE In simple words‚ value refers to the importance of a thing or utility of a commodity. But in economics the term “value” has a quite different meaning. According to the famous economist
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