Answer:
a) Business ethics.
Explanation:
Business ethics are moral principles that guide the way a business behaves. The same principles that determine an individual”s actions also apply to business. Acting in an ethical way involves distinguishing between “right” and “wrong” and then making the “right” choice.
Falsifying drug manufacturers’ reports to the Food and Drug Administration is a felony and is "Wrong"
The mean is the average.
Add the 4 prices together and then divide by 4.
1.25 + 1.45 + 1.10 + 1.32 = $5.12
5.12 / 4 = 1.28
The mean price is $1.28
They will most likely not raise their prices.
If you look at the kinked demand curve, deviating from the market price will lead to losses for the firm. Increasing the price will lead to a loss in sales as price rigidity is a characteristic of an oligopolistic market, whereas if the firm lowers prices, this will invoke a price war and everyone will end up fighting for lower prices and customers.
They need to know how to run the fast food place. Editcational wise none.
