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GMI is a fast-growing U.S. company that wants a production system that makes each of its product's two components in the location where the cost of production is lowest. The components will then be taken to maquiladoras for final assembly. GMI purchased an existing company in Brazil to produce component A and built a subsidiary in Thailand to produce component B.
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Because items tend to become obsolete much faster today than they did 30 or 40 years ago, research and development is one of the most important activities in today's business.
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Discuss the following theories/concepts: Utilitarianism, Rights and Justice, The Market System, Cost-Benefit Analysis, Kantianism, Egalitarian Theory, Libertarianism, and Virtue Ethics.
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