Answered: Charging different prices to different…

Charging different prices to different people violates which ethical approach? O a. Ethical relativism O b. Teleological approach O c. Deontological approach d. Fairness approach

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Concept explainers

Product and Service Innovation

Product innovation is the introduction of either a new product or an existing product with significant improvements related to its characteristics. Improvements could be in various specifications and areas such as technical, technological, physical use, software updates, overall size and texture, and so on. For instance, consider the Apple Watch; they release different series every year with significant updates and improvements such as using cellular technology, monitoring your heart rate, acting as your fitness partner, measuring blood oxygen level, and so on. We see the addition of features in every series, and these improvements make them a different product altogether.

Question

Charging different prices to
different people violates
which ethical approach?
O a. Ethical relativism
O b. Teleological
approach
O c. Deontological
approach
o d. Fairness approach

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