Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
However the problem occurs when the person purchasing at the shampoo at supermarket becomes a reseller and offers it with a small discount to the elite buyer. This kind of price discrimination is common but it can become illegal if it violates the pricing laws of the country in which discrimination occurred (Ferrell et al. p. 288). It is also illegal if segmentation is not possible in the market where discrimination occurred or if the cost of exporting was higher than the price of the product in a foreign location. Sometimes a manufacturer would sell its products at a higher rate in his country while offer them at a lower price in foreign markets. This kind of practice is called dumping but it creates ethical issues because some buyers are paying a higher price for the same product.
ANSWER 8:
Bribery is a common practice and is often known as facilitation payment which means that a government official or some authority figure is given a certain token fee to nudge them to do their job a little faster. But in the U.S., this kind of payment is unacceptable because it gives the party an unfair advantage over others who may have also be pushing the same official to get their work done. In the U.S., the Foreign Corrupt Practice Act was implemented to prohibit facilitation payments to foreign officials in order to get some favors in return. However later the Omnibus Trade and Competitiveness...
This is because American trade deficit was increasing and was turning into a huge problem for the country. It was then believed that any measure taken to improve export condition would be encouraged and that made FCPA less threatening (Ferrell et al. p 68).
Bribery can be stopped with the development of a culture that actively discourages any form of gifts, favors or payments to its officials and keeps a close tab on how deals are finalized and how business is done on a daily basis.
References
Malone, D. 2002. Well-blown whistle -- the story of Kim Emigh's allegations helped lift the lid on WorldCom. Fort Worth Weekly (5 September).
Vicki D. Lachman, Whistleblowing: Role of Organizational Culture in Prevention and Management
Wayne H. Decker, Thomas J. Calo. Observers' Impressions of Unethical Persons and Whistleblowers. Journal of Business Ethics, 309-318, Springer, 12/2007
O.C. Ferrell, John Fraedrich, Linda Ferrell. 2009 Business Ethics: Ethical Decision Making and Cases. South-Western College Pub;
Bribery What is the difference between lobbying and bribery? The major difference between lobbying and bribery is that the latter is considered a criminal activity which can lead to massive fines or even jail time depending on the nature and degree of the offense. Lobbying on the other hand is considered legal. Interest groups wish to gain the attention and support of politicians or influential groups, such as the International Olympics Committee
According to Goodman (2001) American companies recognize that a serious dilemma exist. On the one hand, the laws that govern international business for American companies have declared it illegal to provide bribes and kickbacks. Not only are the companies breaking the law but they are using deceitful tactics to break the law so that they will not get caught. On the other hand, "They are answerable to shareholders on Wall
A lack of cultural competence can explain the moral binaries that surround American allegations of bribery in cases like that of Ericsson. Bribery is a common and entrenched way of doing business in Asia and Africa: the continents on which the alleged briberies occurred (Turula 1). Bribery is not a black versus white ethical issue, which is why Carroll and Schultz describe it as a “subject of continuing debate, more
Illicit finance has come to be a significant issue not only locally, but also internationally. There are numerous delineations of illicit finance, but fundamentally it comes about from the practices, approaches and crimes targeting to transfer financial capital within and out of a nation in violation of national and global laws. Across the world, government administrations are working in tandem and joining forces to combat different illicit financial flows, which
Business Ethics Megacomp Ethics are play a major role in how an organization carries out its duties and responsibilities. Ethical behavior is a leader driven quality that resonates throughout the company files. By default, the leader of an organization sets the ethical and moral tone of the organization, and will reflect the inner most qualities of the leader. Ms. Werner, as the CEO of Megacomp, needs to be aware of her role
Jextra Neighborhood Stores in Malaysia: Jextra stores in Malaysia is a large Asia retailer based in Hong Kong and owned by SIM Lim Holdings, which is a large publicly traded industrial group. In addition to operating supermarkets, convenience stores, and hypermarkets, Jextra stores also operated stores in various countries like Philippines, Malaysia, Singapore, China, Thailand, Hong Kong, and Viet Nam. Following its entry to the Malaysia market in 2005, Jextra mainly