Case summary:
The case deals with the development of Company A. Company A is founded by Person C and Person G, who were roommates and industrial designers. They initiated renting their room to fellow designers to make some money, which gives the idea to initiate a business. Person C and Person G started a website in 2008 along with Person B, who is a computer scientist. The website helps the host and guest to meet and transact.
In 2017, the value of the firm is $31 billion. Company A became the fourth most valuable private company on the planet. Even though they are the fourth most valuable company, they are not in smooth sailing. There were issues with PESTEL factors. Especially the regulation of State N was the issue for Company A.
To determine: Whether Company A has a strong argument.
Want to see the full answer?
Check out a sample textbook solution- Deceptive advertising hurts consumers and competitors alike. Discuss a recent example of a deceptive advertising complaint investigated by the regulators in a country of your choice and the advertising industry itself in the same country?arrow_forwardYour ministry/department has issued a directive informing businesses that they must comply with the regulations and meet the requirements. Business ABC has written to you to seek an exemption because it is too costly to comply. You have already granted the company two exemptions and you can no longer allow the company to ignore the requirement as non-compliance can be potentially dangerous. Write a letter to the CEO of the company informing him/her that you will not be granting the exemption. Provide any details which you consider to be relevant.arrow_forwardWhat are the legal requirements for protecting consumer privacy and data security, including compliance with regulations such as GDPR and CCPA?arrow_forward
- With the development of information technology, advertising is becoming more intrusive in our daily lives. Discuss the pros and cons of advertising of medical and pharmaceutical products? Should the government impose more restrictions on advertising on these products? If so, under what conditions?arrow_forwardWhat are the legal considerations and obligations that businesses need to be aware of when it comes to consumer protection and advertising practices, including regulations related to false or deceptive advertising, unfair competition, and product liability?arrow_forwardHow can companies ensure that their sales promotions are ethical and do not harm consumers or the environment?arrow_forward
- Ethical issues – Corporate Social Responsibility and Self-Regulation of Advertising It can be difficult to determine when an ad is misleading and, therefore, only the most abuses are acted upon by the government. In an effort to raise the level of professionalism in advertising and foster public confidence, Advertising Standards Canada (ASC), an industry body form in the 1960s, developed the Canadian Code of Advertising Standards. The code goes far beyond inaccurate or misleading ads, and addresses advertisements that target children, contain violence, play fears, or offend public decency. The voluntary code of conduct is widely adopted by advertisers, advertising agencies, and the media. A dispute resolution process is also available to resolve consumer and competitor complaints. How does compliance with the Canadian Code of Advertising Standards promote corporate social responsibility?arrow_forwardgive reasons and rationale for why this “legal event” is good public policy and give reasons and rationale for why this “legal event” is bad publicarrow_forwardWhy guidelines and Code of Ethics should be followed by the media producers?arrow_forward
- Reflect on the use of corporate front groups to influence public opinion and the regulatory system. How do you feel about the use of this tactic by companies? Are corporate front groups ethical or unethical or is it more complicated than that? Should the use of corporate front groups be made illegal (explain why or why not)?arrow_forwardYou are to focus on the use of Social Media on a business of Zara. The focus will be on how Social Media enhances the sales of Zara this business describe any of the social , economic , technological , competitive , and regulatory trends that may be appropriate to the performance of this business ZARA , both currently and in the future ,arrow_forward(i) Advertising is done by monopolistic firm which sells a differentiated product to ensure that customers know that its product differs from its competitors. Explain how would advertising benefits the firm in its cost and production. (ii) Discuss the THREE (3) sources of barriers to entry that lead to the existence of monopoly.arrow_forward
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON