Who are the stakeholders affected by the stores decisions

Assignment Help Microeconomics
Reference no: EM13236776

Neda operates a small convenience store in a southern town that has a high tourist draw. After several years of operating the store, Neda has decided to no longer sell tobacco products of any kind because of her belief that they are dangerous and lead to addictions. After a few months, several other stores in the community also decide to stop selling tobacco products. Their rationale has more to do with lawsuits and criminal penalties when employees sell these products to minors. Within one year, all community stores have decided to ban the sale of tobacco products. The town has become known as "smokeless," and residents who make a living on tourism are afraid that this label will hurt tourism and their businesses. As more and more communities are prohibiting smoking in public places, this sample case study has been a real situation in many communities throughout the nation. As a result, there should be plenty of factual material available to reinforce your findings and conclusions.

 Who are the stakeholders affected by the stores' decisions? Do the stores, as businesses, have an obligation to the broader community to not hurt tourism? Is Neda placing her own personal ethics ahead of business ethics? Is there a difference? Why, and how?

Reference no: EM13236776

Questions Cloud

Illustrate the effect of this phenomenon on the world market : "Some economists worry that the aging populations of industrial countries are going to start running down their savings just when the investment appetite of emerging economies is growing" (The Economist, May 6, 1995)
Find expected backorder level and the ordering quantity : Find expected backorder level and the ordering quantity and to preserve the same service level, what order quantity would allow the company to carry no safety stock?
Compute the molar solubility of silver thiocyanate : Calculate the molar solubility of silver thiocyanate, AgSCN, in pure water and in water containing 0.010 M NaSCN.
Explain the solubility of silver iodide in pure water : Estimate the solubility of silver iodide in pure water at 25 degrees Celsius (a) in moles per liter and (b) in grams per liter.
Who are the stakeholders affected by the stores decisions : Who are the stakeholders affected by the stores' decisions Do the stores, as businesses, have an obligation to the broader community to not hurt tourism Is Neda placing her own personal ethics ahead of business ethics? Is there a difference Why, a..
What is the opportunity cost of using the unused portion : video world operates a retail store that rents movie videos. for each of the last 10 years, Video World has consistently earned profits exceeding P250000 per month in rent for its building, but it uses only 50 percent
Identify a feature-an advantage and a benefit for product : What are the advantages and disadvantages of using prepared, or canned, sales presentation? Give examples of when using a canned presentation might be better than using a less structured presentation.
What was the fish''s displacement during the fall : A birds travels at 1.4 m/s with a fish in its claws, at 15 degrees below the horizontal. If it drops the fish that takes 1.8 seconds to land on the ground
Obtain market equilibrium price and quantity using algebra : Suppose there are 8,000 identical individuals in a market for Latin Dance videos, each with a demand function represented by Qdx=12-2Px, and 400 identical producers of Latin Dance videos, each with a supply function of Qsx=10Px.

Reviews

Write a Review

Microeconomics Questions & Answers

  Competitive market-profit maximizing decisions

Competitive industry, market determined price =$12, Output = 50 units, ATC = $10, Marginal cost = $15, AVC = $7-Is this firm making the right profit maximizing decision? If yes, why and if not, what should this firm do?

  What will be the deadweight loss

The government dislikes smoking, and likes tax revenue. If they wanted to increase the after-tax price to $10 per pack, what size of excise tax must be placed on sellers? How much revenue will it raise? What will be the Deadweight Loss?

  Determining atc curve

Explain the output and price effects which affect the profit-maximizing decision faced by the firm in oligopoly market. How does this differ from output and price effects in monopoly market?

  Find thdeterminant of the demand for a factor of production

The scientific method is more difficult for economists than, say, chemists, because: a-controlled laboratory conditions are more problematic in economics. b-it is difficult to hold other factors that may affect the variables being studied constant in..

  Indicate whether the production function exhibits increasing

The relationship between the number of technicians hired per hour and the number of radiographs produced per hour is shown in the following table. Show the total and marginal products and indicate at each level of production whether the production..

  What impact do constitutional rights have on response

Analyze the role health policy lobbyists for special interest groups play in promoting health policy agendas. What regulations do you believe should be implemented that do not currently exist in terms of controlling activities by these individuals

  Information and risk in contracts

Why does the assumption of independence of risks matter in the example of insurance? What would happen to premiums if the probabilities of houses burning were positively correlated? Can you think of a situation where they might be negatively corre..

  Improving managerial performance or changing their incentive

The Wall Street Journal discusses a trend among some large US Corporation to base the compensation of outside members of their boards of directors partly on the performance of the corporation.

  What happen to equilibrium quantity nd market clearing price

In the market for rewritable DVDs, explain whether the followingevents would cause an increase or a decrease in demand or anincrease or decrease in the quantity demanded. Also explain what happens to the equilibrium quantity and the market clearin..

  At what level of dollar sales will the home office systems

The advertising and promotion budget contained three elements: trade magazine advertising, cooperative newspaper advertising with Century Office Systems, Inc. dealers, and sales promotion materials including product brochures

  Checking for optimal combination of inputs

A printer's wage rate is $20, and the price of a printing press is $5,000. The last printer added 20 books to total output, while the last press added 1,000 books to total output.

  Describe what can be done about monopolies

The goal of all capitalists is to dismiss the competition and gain market power. a) Explain why that might be hurtful for the economy, though not for everybody, clearly stating who wins and who loses in the presence of monopolies.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd