A business that is willing to sacrifice some income in order to avoid harm to others is applying
which theory of the social responsibility of business?
A) Moral minimum B) Maximizing profits
C) Stakeholder interest D) Corporate citizenship
A
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Which of the following is true of price discrimination as a part of international pricing strategy?
A. The more competitors there are, the lesser consumers' bargaining power will be. B. The more competitors there are, the less likely consumers will be to buy from the firm that charges the lowest price. C. A firm may charge a higher price for its product in a country where competition is limited than in one where competition is intense. D. Many competitors cause low elasticity of demand. E. If a firm raises its prices above those of its competitors, consumers will refuse to switch to the competitors' products.
Which of the following is NOT a way you should use to get out of debt?
a. stop spending more money than you bring in b. increase your income by finding new sources of income c. pay off your debts as much as possible first before you pay yourself d. reduce your expenses