Assignment5 economics - Essay Example

Only on StudentShare

Extract of sample
Assignment5 economics

The third step is to cut back the business hours. The business ethics component of this move is that if one is in the business of pharmaceuticals and health care, one risks the chance of causing damage to patients who will need your services by cutting back on the business hours. The fourth step is to close one's business for a week or two to actually take a vacation. The business ethics aspect of this decision is that if one has a pharmaceutical or health care business, one risks the possibility of causing inconvenience to one's clients. The fifth step is to bring in a family member to split the current "job load. The ethical consideration of this move is that one has to ensure that his/her relatives or siblings must do business observing fairness, honesty, transparency and accountability to government laws.
Zambia is landlocked and has a low population composed of 70 ethnic groups, many of them Bantu-speaking. The country boasts of spectacular scenery spanning the Victoria Falls along the Zambezi river, the Bangweulu Swamps and the Luangwa river valley. Millions of Zambians live below the World Bank poverty threshold of $1 a day. ...
Download paper

Summary

Based on the article on company downsizing, there are a few steps one can undertake while considering the ethical aspect of one's business decisions. First, one can hire employees to cover the store. The business ethics consideration of this decision is that one has to make sure that all the employees will be given the right salary and fringe benefits as provided by the labor laws governing the land…
Author : lexusstehr

Related Essays

Economics essay
Fortunately, Economists are getting their due importance in policy making. It's economists who shout both in praise and against all policy decisions of different countries. And at least in a few cases, they themselves get divided in ideas and concepts. Regarding certain policies a group of economists come up with words and swords against another group of economists. Each group depends upon different theories at different times. Basically they keep in mind their own basic view and proceed. For giving stress to their views, depend on theories according to their convenience, that's all....
5 pages (1255 words) Essay
Maritime Economics
In the Shipping Industry, many Ship owners have been resorting to strategies like concentration to sort out the problem that are occasioned by freight rate fluctuation. This concentration has allowed them to maximize their market shared, reduce the cost per volume and remain in competition for the industry leadership. There has been a fluctuation demand for shipping services that is also faced with a fluctuation in supply of the shipping services themselves. (Hoffman, 1998, p. 1)...
10 pages (2510 words) Essay
pROPERTY ECONOMICS
The report establishes that there a number of micro and macro economic factors strongly account for rental volatility in the non-residential property market. These factors ranged from changes in the demand and supply for commercial property, the level of industrialization, interest rates, and government policy on economic and regional development....
8 pages (2008 words) Essay
Economics USA
If markets are doing well in some part of the world it reflects in other parts of the world. Precisely if the market goes down it results in a ripple effect that brings down most of the markets in the world....
2 pages (502 words) Essay
Economics
Economics as an existing discipline which relies on meticulous argument styles. Its objectives cover the formulation of theories that have more sound theoretical grounding and are simpler in the manner of explaining economic phenomena. Frequently the explanation starts with a plain framework which depicts the relationships of the variables . The complexities are locked away in the assumption of ceteris paribus or all equality of all other variables. An example is moneys quantity theory , which posits a positive assocoiation among the money supply and price level, ceteris paribus. The theory...
5 pages (1255 words) Essay
Economics
This is known as satisficing....
10 pages (2510 words) Essay
Economics
‘Much of the competition between these oligopolistic firms is usually in terms of marketing of their particular brand’ (Sloman, pp. 197-198 2008), although the marketing techniques may differ considerably from one industry to another. There is a huge deal of interdependence between firms in an oligopoly. The abstract tells us that they have power in many ways in terms of regulating prices and agreements. The decisions made by the rivals will affect each firm. Firms, hence affecting their decisions recognize this interdependence (Sloman, pp. 197-198 2008)....
4 pages (1004 words) Coursework
Got a tricky question? Receive an answer from students like you! Try us!