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Business ethics and the global marketplace

Ethical decision-making and corporate social responsibility, then international trade: balance of payments, exchange rates, tariffs and the treaties and institutions that govern them.

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  • Front absolute advantage
    Back The situation when a country can produce and sell a product at a lower cost than any other country or when it is the only country that can provide the product.
  • Front balance of payments
    Back A summary of a country’s international financial transactions showing the difference between the country’s total payments to and its total receipts from other countries.
  • Front balance of trade
    Back The difference between the value of a country’s exports and the value of its imports during a specific time.
  • Front buy-national regulations
    Back Government rules that give special privileges to domestic manufacturers and retailers.
  • Front code of ethics
    Back A set of guidelines prepared by a firm to provide its employees with the knowledge of what the firm expects in terms of their responsibilities and behavior toward fellow employees, customers, and suppliers.

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Licence
Creative Commons Attribution 4.0 International CC-BY-4.0
Attribution
Source : https://openstax.org/books/introduction-business/pages/preface — Licence : Creative Commons Attribution 4.0 International (https://creativecommons.org/licenses/by/4.0/)
Source
OpenStax — Introduction to Business (first edition)
Retrieved on
Topic
Humanities
Language
English
Version
3
Updated on

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