Answer:
The correct answer is competitive intelligence.
Explanation:
Competitive intelligence is the systematic collection of open information, which once combined and analyzed provides a better understanding of the structure, culture, behavior, capabilities, and weaknesses of a competitor's firm.
It is a very important activity because it helps companies to better understand how the business works. This way you can learn to be better than your competitors.
Companies use competitive intelligence to compare themselves with others, allowing them to make informed decisions. Most firms today realize the importance of knowing what their competitors are doing, and the information collected allows organizations to find out about their strengths and weaknesses.
When a manager needs to make a decision using the ethical decision-making process and reaches the second stage, they check whether the decision violates the c. fundamental rights of any stakeholders
The ethical decision-making process involves making decisions that are consistent with the relevant ethical views of the company which it draws from the society it is based in.
The second stage of this process involves checking whether the ethics involved in a certain decision, would violate the fundamental rights of shareholders which include:
- The right to ownership
- The right to Dividends
- The rights to evaluate corporate decisions
- The right to voting power
This is to ensure that the shareholders are taken care of because the first duty of a manager is to their shareholders.
In conclusion, managers need to check whether a decision affects the fundamental rights of shareholders before they embark on it.
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The options for this question include:
a. utilitarian beliefs
b. the global commons
c. the fundamental rights of any stakeholders
d. home country values
Answer:
Inelastic demand, Amputation procedure
Explanation:
The good with no close substitute is likely to experience inelastic demand because the consumer does not any close substitute to change to, this means that even when price is increased, the consumer is not likely to stop buying if the good is a necessary good.
The Amputation procedure will have least elastic demand because the diabetes sufferer does not have close substitute to change to when price increase while Diamond necklace is a luxury good, when the price is increased the consumer stop buying or switch to other luxury goods such as gold, silver that are equally used for decoration purposes.
Answer:
b. To ensure strict hierarchical control of the organization.
