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Q: What is the term that describes what a business has to pay to correct defective products?
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Continue Learning about Economics

What is the correct priority in making a business decision?

The correct priority in making a business decision is consulting all the major stakeholders.


What is the correct spelling for business's policies?

Business policiesMeaning: the policies of business in generalBusiness's policiesMeaning: the policies of a businessBusinesses' policiesMeaning: the policies of two or more businesses


Put the phases of the business cycle in the correct order in which they follow a recession?

Depression Recovery Boom Recession


What characteristics does a capitalistic society have?

Choices in products and services, the profit motive, private ownership of property.


Why is business ethics becoming impressingly important?

Ethics deal with the moral judgment of an individual concerning correct or incorrect. Either groups or individuals at the top-level management take business decisions; in any case, decisions are highly influenced by the culture of the business. Business Ethics is a very important academia that deals with the public image of the firm, which decides the future of a firm's products or services. Business ethics also determine the trust factor that public have in a corporate, based on which future investments are initiated. Internet has made information sharing and spreading rapidly convenient with time, however, the same thing works contrary to the management too. If a business firm is not abiding by the ethics, even an inch of negative publicity can hamper years of hard work interms of business reputation.