Describe and Explain an Example of a Business Decision That

Question

Examlex · Accepted Answer

The Answer is An example of a business decision that would be unethical even though it is legal is the practice of price gouging during a natural disaster. Price gouging occurs when a business significantly raises the prices of essential goods and services, such as food, water, and shelter, in response to increased demand during a crisis.

While price gouging may be legal in some jurisdictions, it is widely considered unethical because it takes advantage of vulnerable individuals who are in desperate need of basic necessities. This practice exploits people's suffering for financial gain and goes against the principles of fairness and compassion.

Even though price gouging may be legal in certain circumstances, it is unethical because it prioritizes profits over the well-being of others. Businesses have a responsibility to act ethically and consider the impact of their decisions on the community, especially during times of crisis. Therefore, engaging in price gouging, even if it is legal, is an unethical business decision.

Describe and Explain an Example of a Business Decision That

Essay

Correct Answer:
Answered by ExamLex AI

Describe and Explain an Example of a Business Decision That

Essay

Correct Answer:Answered by ExamLex AIShow Answer

Correct Answer:
Answered by ExamLex AI