What are some consequences of commercial bribery?Multiple select question.Total cost of ownership rises.Defects in quality are hidden.Buyers will pay higher prices than normal.Total cost of ownership decreases.
Question
What are some consequences of commercial bribery?Multiple select question.Total cost of ownership rises.Defects in quality are hidden.Buyers will pay higher prices than normal.Total cost of ownership decreases.
Solution
The consequences of commercial bribery can include:
-
Total cost of ownership rises: When bribery is involved, the overall cost of owning a product or service can increase. This is because the bribe is often factored into the final price of the product or service.
-
Defects in quality are hidden: In some cases, bribery can lead to a decrease in the quality of products or services. This is because the bribe can be used to hide defects or shortcomings in the product or service.
-
Buyers will pay higher prices than normal: As mentioned earlier, the cost of the bribe is often factored into the final price of the product or service. This means that buyers will end up paying more than they normally would for the product or service.
-
Total cost of ownership decreases: This is not a consequence of commercial bribery. In fact, as mentioned earlier, the total cost of ownership is likely to increase due to commercial bribery.
Similar Questions
2) Although bribery and corruption are unethical practices and international marketers should vehemently oppose such behavior, the reality is that several countries in Asia, Africa, and Middle East engage in these practices to get contracts or sign important business deals
Identify which of the following is an unlikely consequence of a business being exposed for sourcing goods from unethical suppliers*1 pointA reduction in staff morale as employees lose faith in the businessAn increase in sales as the business gets more publicity in the mediaA loss of employees who do not wish to work for an unethical organisationA decline in sales as a result of ethical consumers boycotting the products of the business
Which of the following is INCORRECT in relation to a director who accepts a bribe in return for selling the company’s business for a low price? Select one: a. The director has breached their statutory duties under ss 181 and 182 of the Corporations Act 2001 (Cth). b. The director may be found guilty of a criminal offence if they were intentionally dishonest. c. The director has breached their fiduciary duty to avoid a conflict of interest. d. The director will only be liable under the common law and under the Corporations Act 2001 (Cth) if they were intentionally dishonest and evidence establishing the directors’ dishonest intention must be put forward.
What are the consequences of a predatory pricing strategy? A. It fosters healthy competition B. It may lead to antitrust investigations C. It ensures long-term profitability D. It encourages cooperation among competitors
Which of the following refers to the offering, giving, receiving, or soliciting of an improper advantage? A. Equality B. Modern Slavery C. Bribery D. Fraud
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.