Rw5212

== Business Ethics Modifications:

Organizational Ethics

Organization ethics is the ethics of an organization, and it is how an organization responds to internal or external issues. Organization ethics is independent of the organizational culture. Organization culture tends to display the same ethical views of the surrounding community. To reinforce positive views of the community, certain businesses give incentives to both employees' and the community. Business organizations give by granting scholarships, funds and resources. Employee's also give back to the community by contributing their time, gifts and talents. When the local residents obtain the skills from skilled employee's then these individuals can apply and fulfill critical skills shortages needed by the organization. When the incentive value method represents the community in a positive way everyone wins, such as the business organization, and the community.

References: ^[1]

Pricing Ethics

Antitrust Laws is to prevent anticompetitive strategies such as price cuts, and discriminatory pricing. "The primary objective of U.S. antitrust laws is to distinguish competitive strategies that enhance consumer welfare from that reduce it. The difficulty of this task lies in determining whether the intent of a company's pricing policy is to weaken or even destroy a competitor.

 The primary objective of pricing ethics is to prevent the establishment of monopolies, inequitable pricing practices and reduce or restrict competition.  Such laws are some times called procompetitive legislation, which were enacted to encourage competition, and prevent activities that restrain trade.
  The following are some of the acts passed by congress, to help prevent unethical practice by business to manipulate prices in order to monopolize their industries, such as the Sherman Antitrust Act of 1890, which prohibits organizations from holding monopolies in their industry, the Robinson-Patman Act of 1936, which bans price discrimination between retailers and wholesalers, and the Consumer Goods Pricing Acts of 1975 which prohibits price maintenance agreements among manufactures and resellers in interstate commerce.

Reference:

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^ Ferrell, John (2017). Business Ethics; Ethica Decision making and cases (11th ed.). Cengage. ISBN 978-1-111-82516-4.
^ Ferrell,, John, Fraedrich (2017). Business Ethics; Ethical Decision Making and Cases. Cengage. ISBN 978-1-111-82516-4.{{cite book}}: CS1 maint: extra punctuation (link) CS1 maint: multiple names: authors list (link)

[1] Ferrell, John (2017). Business Ethics; Ethica Decision making and cases (11th ed.). Cengage. ISBN 978-1-111-82516-4.

[2] Ferrell,, John, Fraedrich (2017). Business Ethics; Ethical Decision Making and Cases. Cengage. ISBN 978-1-111-82516-4.{{cite book}}: CS1 maint: extra punctuation (link) CS1 maint: multiple names: authors list (link)

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