Question: There are two grocery stores on the same street. The owners of both stores are well known of their honesty in running their business.

There are two grocery stores on the same street. The owners of both stores are well known of their honesty in

There are two grocery stores on the same street. The owners of both stores are well known of their honesty in running their business. When asked about why they can treat their customers with honesty they replied like below: Owner A: "Simple, customers are all smart, you cannot cheat them forever. If found my reputation will be ruined and I will suffer the loss at the end." Owner B: "My father taught me that all man should be honest, and it should be the same for running a business." a) Identify and explain the ethical theories behind the actions of Owner A and B. (10 marks) marks) b) Discuss the reasons why businesses need to behave ethically in general. (6 c) If "Shop owner C wants to sell pirated goods for more profit", test whether his intention is ethical (5 marks) with appropriate tools.

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Lets break this down a Ethical Theories Owner A This perspective aligns with consequentialism or specifically with a form of it called utilitarianism ... View full answer

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