An increase in government spending of $300 billion and a tax cut of $300
billion will have equal effects on the budget balance and unequal effects on
real Gross Domestic Product (GDP). Expansionary will be the effect of a
government deficit.
Answer: See explanation
Explanation:
1. Yes.
A design defect is when the design for a particular product brings about risk or injury which could have been averted if the design was done in another way.
With regard to the question, there is a design defect as we're informed that the drain cover becomes loose and we're further told that Sta-Rite did not install safety features on its drain pumps.
2. No.
Based on the scenario in the question, the ethical duty wasn't met by Sta-Rite Industries. They neglected the potential injury and harm that their design would cause. This means that they didn't perform their ethical duty well.
3. Yes.
In this case, Sta-Rite has to compensate the affected person and a punitive damage should further be added to whatever compensation had been put in place. This will serve as a way of making others also learn and always do the right thing and be safety conscious.
Tom's Drug Store chooses to increase the price of the toothpaste it purchases from $1 to $1.50. The marketing mix is where this strategic choice belongs.
Product, pricing, place, and promotion have historically been the four main components of the "marketing mix," which is a foundational business strategy (also known as the "4 Ps").
The early twenty-first century saw the emergence of marketing theory. First published in 1984, the modern marketing mix has now evolved into the preeminent framework for marketing management decisions. An extended marketing mix is employed in the services industry, often consisting of 7 Ps (product, pricing, promotion, place, packaging, positioning, and people), which are the basic 4 Ps plus process, people, and tangible evidence.
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Answer:
Every business has a moral duty to be a good corporate citizen.
Explanation:
Businesses are formed to make profit, and this is the primary goal of businesses. So when making a business case for a company to act in a socially responsible manner, the benefit to the business as profits is the primary consideration.
If it is argued that every business has a moral duty to be a good corporate citizen, it does not translate to profits or benefit for the company.
So this is a weak argument when a business case is being created for why businesses should act in a socially responsible manner.
