Business Ethics

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Across
  1. 4. is a market structure in which a single seller or company controls the entire supply of a product or service, with no close substitutes. This gives the firm significant power to set prices and restrict output, often leading to reduced consumer choice and higher prices.
  2. 5. is the branch of philosophy that deals with principles of right and wrong behavior. It involves examining what is morally good or bad, just or unjust, and how individuals should act in various situations. Ethics guides decision-making and helps individuals and societies determine proper conduct.
  3. 6. is a moral theory that emphasizes an individual's character and virtues—such as honesty, courage, and kindness—rather than rules or consequences, as the key to ethical behavior. It focuses on becoming a good person rather than simply doing the right action.
  4. 7. is a market structure where a small number of large firms dominate the industry. These firms may sell identical or similar products and are highly interdependent, meaning the actions of one firm (such as changing prices) can significantly impact the others. This often leads to strategic behavior like price-fixing or collusion.
  5. 8. competition is a market structure where many firms sell similar but not identical products. Each company has some control over price because of product differentiation (e.g., branding, quality, or features), but there is still competition due to the availability of substitutes. Examples include clothing brands, restaurants, or beauty products.
Down
  1. 1. is an ethical theory that focuses on following moral rules or duties, regardless of the consequences. It holds that certain actions are inherently right or wrong, and individuals have a duty to act according to these principles. A key figure in deontological ethics is Immanuel Kant.
  2. 2. is the application of moral principles and values to business behavior. It involves examining ethical issues that arise in a business environment, such as honesty, fairness, integrity, corporate responsibility, and respect for stakeholders. Business ethics guides how companies and individuals conduct themselves professionally and make decisions that impact employees, customers, society, and the environment.
  3. 3. is an ethical theory that focuses on the outcomes or consequences of actions. It holds that the morally right action is the one that produces the greatest good or happiness for the greatest number of people. This theory is associated with philosophers like Jeremy Bentham and John Stuart Mill.