STAKEHOLDERS are the people involved in or affected by project activities and include the project sponsor, project team, support staff, customers, users, suppliers, and even opponents of the project
<span>The museum will earn $400 more. If they charged everyone $8 then both the 100 adults and the 200 students would buy admission. By discriminating in price they are able to charge the adults $4 more each. $4 x 100 = $400.</span>
In a free market system, decisions about what and how much is produced are made by the producer.
<h3 /><h3>What is a Market?</h3>
A market is a place where buyer and seller. They exchange goods and services, for a barter or for an agreed price.
Free market system is a type of market which is ideal for the seller, as there is less intervention by the government, also the property is private, the seller have the choice to make decisions. There is competition also which makes it an ideal market for the buyer too.
The autonomy is with the seller about setting the prices and other business matters which enables good interest and motivation for the seller/ the owner of the business/ the participant in the free market.
In a free market it is the choice of the producer to take decision about what and how much of the produced is to be made.
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Answer:
3. are not materially different from ethical principles in general.
Explanation:
As they apply to business conduct and business decisions, ethical principles are not materially different from ethical principles in general.
In other words, in business conduct and decision making ethical principles are the same.
