3 Cite an example of practices that are good for business, bu may be morally unacceptable
Answer (1)
Answer:Here are three examples of business practices that may be profitable but are morally questionable: 1. Planned Obsolescence – Some companies design products with a limited lifespan, forcing consumers to replace them frequently (e.g., smartphones with non-replaceable batteries). While this increases sales, it creates unnecessary waste and financial strain on customers. 2. Price Gouging – Businesses dramatically raise prices on essential goods during crises (e.g., selling bottled water at extremely high prices after a natural disaster). While profitable, it exploits people in desperate situations. 3. Exploiting Cheap Labor – Some companies outsource production to countries with weak labor laws, paying workers extremely low wages in poor conditions. This reduces costs and increases profits but is ethically questionable.
