Ethics To bring cost-effective products to your door,retailers like Walmart use suppliers, some of whichmay contract work out to other suppliers and so on.And while the initial suppliers that Walmart contractswith may be socially responsible, not all suppliers are.What should retailers do to protect themselves fromworking with unethical companies or selling productsmade by such companies? How far down the supplychain should retailers be responsible for the businesspractices of their vendors?

Retailer is the link between customers and the manufacturer. They helps to balance the demand with…

Answered: Ethics To bring cost-effective products…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Ethics To bring cost-effective products to your door,retailers like Walmart use suppliers, some of whichmay contract work out to other suppliers and so on.And while the initial suppliers that Walmart contractswith may be socially responsible, not all suppliers are.What should retailers do to protect themselves fromworking with unethi<al companies or selling productsmade by such companies? How far down the supplychain should retailers be responsible for the businesspractices of their vendors?
1. What risk can a business face due to a supplier and explain the foloowing risk control steps that a business can put in place regarding its supplier and provide examples: Identify key suppliers of goods, services Identify key markets Investigate alternative suppliers and markets Assess the vulnerability of the supplier and market to loss of assets Assess the ability of the key supplier and market to recover from loss or damage to their assets. 2. Discuss administrative costs. Provide a practical example to explain administrative costs: Clerical costs in the handling of insurance matters The cost of handling self-insured losses The cost of reporting and investigating loss occurrences The cost of an in-house risk management department The cost of a risk management broker 3. Apply the fundamental concepts included in the definition of enterprise risk management (ERM) to a business of your choosing.
Make vs. Buy; Strategy; Ethics The Midwest Division of the Paibec Corporation manufactures subassemblies used in Paibec’s final products. Lynn Hardt of Midwest’s profit planningdepartment has been assigned the task of determining whether Midwest should continue to manufacture a subassembly component, MTR-2000, or purchase it from Marley Company, an outsidesupplier. Marley has submitted a bid to manufacture and supply the 30,000 units of MTR-2000that Paibec will need for 2019 at a per-unit price of $20.00. Marley has assured Paibec that theunits will be delivered according to Paibec’s production specifications and needs. The contractprice of $20.00 is applicable only in 2019, but Marley is interested in entering into a long-termarrangement beyond 2019.Lynn has submitted the following information regarding Midwest’s cost to manufacture 25,000units of MTR-2000 in 2018:[LO 11-3]Direct materials $168,750Direct labor 100,000Factory space rental 150,000Equipment leasing costs 45,000Other…
Scenario 1: Receiving GiftsYou are the Director of Contracts at the Ministry of Energy. During theChristmas season, one of the Oil and Gas Companies sent a hamperof expensive goodies personally addressed to you at the office. Whatactions might you want to take? Consider the alternatives you have available to you and how they affect the stakeholders. What are the consequences, duties, rights, and principles, implications for personal integrity and character?
Scenario 1: Receiving GiftsYou are the Director of Contracts at the Ministry of Energy. During theChristmas season, one of the Oil and Gas Companies sent a hamperof expensive goodies personally addressed to you at the office. Whatactions might you want to take? Consider the alternatives you have available to you and how they affect the stakeholders. What are the consequences, duties, rights, and principles, implications for personal integrity and character? Can you please include references for this answer?
Direction: Respond to the following questions with your personal insights, relate the concepts in Business laws, and answer the following questions. 1. Case study on Buyer’s breach You have ordered expensive Bisazza marble for your new house. After giving 50% advance you realized that you can get cheaper materials from another person. The materials are packed and about to be delivered, but you don’t want to pay balance. a) Analyze buyer’s breach from the above case. b) How the seller will protect himself as the materials are packed.
1. Discuss and compare the functions of regulations, incentive and pricing mechanisms with respect to achieving environmental goals.2. With respect to product safety, what is strict liability, and what older standard does it replace?3. With respect to proprietary information, what is a trade secret, and how does it differ from information that’s patented or copyrighted?4. When employers are gathering information about job applicants or current employees, what is the meaning of informed consent?5. What are the principles of the old system of mercantile capitalism?6. What is a corporation, and what is the principle of limited liability?7. What is an ecosystem, and what is meant by interdependency in an ecosystem?8. List and briefly explain the 4 key features of capitalism.Keep answers short and accurate.
Because Uber is so popular and the business model is being expanded to other industries, should there be regulation to develop compliance to protect competitor and consumer?
Explain the difference between an explicit code of ethics and implicit code of ethics. Why is it important for retailers to develop a code of ethics?
Procurement- Which of the following is not a risk of countertrade? A. Receiving product of greater quality than the specifications require B. Possibility of poor-quality goods and services C. Development of unprofitable deals D. Acceptance of goods and services that do not match marketing channels
SECTION B Read the following extract and then answer the question belowTwo business entities come to you for assistance and they would like enter into a stock agreement supply. The other is a manufacturer and one is a retailer. It is their fist time to be committing to such a huge business arrangement and they both realise that it is important to do it right because as much as it looks like a great business deal, should it fail to work, it can lead to serious business losses that can even lead to liquidation and litigation. All they ask for is to be advised on the essentials of a valid business contract, and the need to explain conditions for compensating parties for breach of contract. In doing that, it is important to quote relevant authorities. Evaluate how the two enterprises need to be assisted.
Answer the question below in an appropriate format of legal essay with reference to relevant legal authorities. Your answer should be within the range of 1500 – 2000 words On Tuesday, Roopa World Ltd. (RW) offers to sell 500 wrist watches to Zumba Online Ltd. (ZO) at RM140.00 per watch. The offer to ZO is sent by fax and includes the following statement: “Please send an acceptance by 4pm today. Delivery will occur on Thursday”. ZO emails an acceptance at 2pm. The email is accidentally deleted by one of the administrative assistants at RW before it is passed on to RW’s management. Meanwhile, ZO enters into a contract with MySale Ltd to produce new wristbands that can be sold with the watches. Advise ZO whether there is a binding contract with RW.

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