Answer: Companies in perfect competition do not usually apply "socially conscious" practices because their cost-benefit relationship does not justify it.
Generally, the administration of an oligopolistic company will carry out "socially conscious" practices, because this differentiation between the other companies would lead to higher than normal profits.
Answer:
D) visibly punish unethical acts
Explanation:
Ethics is the act of knowing what ia right and doing same. That is a good ethical act.
The ethical culture practised by Pam's company is to visibly punish unethical acts. This entails punishing any unethical act appropriately before others to see it.
This approach is really good because it will make others to sit up bearing in mind that they will get same punishment without hesitation if they err.
Pam's organization firing the three managers caught using the company's resources to fund their personal lifestyle pointed towards applying visible punishment for unethical acts.
Answer: The correct answer is "an opportunity niche".
Explanation: James lives near a university and observes that almost every student uses a cell phone. He decides to open a small shop offering repair services for cell phones. His shop is an instant success. James has satisfied an area of need called <u>an opportunity niche.</u>
The concept of a niche of opportunity refers to the existence of a group of people or companies that have certain needs, and who have the will to meet them and economic capacity to acquire the services or goods necessary for this,<u> in this case James les He offered the good or service to meet this need.</u>
Answer:
Uncertainty-based risk
Explanation:
The restaurant was temporarily closed because of fire, which is an uncertainty.