Is it ethical for a company to sell water, which is basically all the same, in...

Is it ethical for a company to sell water, which is basically all the same, in a way that commands such high prices?

Expert Solution

Whenever we travel anywhere we see that the packaged drinking water is sold in trains, buses, tourist places etc. it is also called mineral water. Our natural water is so contaminated that we do not dare to drink this water. Many companies sell water by purifying it in a packaged bottle. Packaged water is sold at very high prices. Natural water costs very less but packing and advertising expenses make it costlier. It is packed in plastic bottles because plastic bottles are very cheap.

If we consider that companies provide us mineral water by purifying it and avail us pure water then it can be called ethical but many reasons are against it. Companies earn huge profits by this business because natural water is not costly and they packed it in plastic bottle which is very cheap. Natural water is pure in nature but companies, factories make it polluted by air pollution and water pollution so they are responsible for polluted water. If they control their activities then we do not need of packaged water. Companies should avail this water at a lower profit margin because water is for all. There is no life without water. So companies should keep these points in mind so that they can make this ethical.

Rahul Sunny answered 1 year ago

What are the health policy and ethical issues around a society that basically is doing a...

What are the health policy and ethical issues around a society that basically is doing a very bad job at addressing childhood obesity? What are the social, political, and economic forces that possibly block a more aggressive approach to diet and exercise in our country?

White Water Rafting Company manufactures kayaks, which sell for $595 each. The variable costs of production...

White Water Rafting Company manufactures kayaks, which sell for $595 each. The variable costs of production (per unit) are as follows: Direct Material $ 210 Direct labor 125 Variable manufacturing overhead 85 Budgeted fixed overhead in 20x1 was $423,000 and budgeted production was 47,000 kayaks. The year’s actual production was 47,000 units, of which 38,500 were sold. Variable selling and administrative costs were $6 per unit sold; fixed selling and administrative costs were $67,000. Required: A. Calculate the product cost...

MATHEMATICS OF BUSINESS AND FINANCE (A) Company A and Company B sell the same model camera...

MATHEMATICS OF BUSINESS AND FINANCE (A) Company A and Company B sell the same model camera for $105 and $135, respectively. During a sale, Company A offers a discount of 10% on the camera. What should Company B's rate of markdown be on the camera to match Company A's sale price? (B) A dealer purchased machinery for $64,500.00 per unit. His overhead expenses are 30.00% of the cost and he desires an operating profit of 35.00% of the cost. During...

The rationale for classical economic theory with Keynes on determining national output is basically the same...

The rationale for classical economic theory with Keynes on determining national output is basically the same because both theories state that a country tends to improve its economy. Therefore, there is no debate on these two economic theories. Discuss this!

Salt Co. and Pepper Co. are in the same business and sell the same merchandise but...

Salt Co. and Pepper Co. are in the same business and sell the same merchandise but have different inventory systems: Salt’s is perpetual and Pepper’s is periodic. Both companies sell their products at a price of $10 each, and their inventory activity for March of 2020 is presented below. Salt Date Description # of Units Unit Price Total Cost 02/29/20 Beginning Inventory 50 $1 $50 03/08/20 Purchase 1 50 $2 $100 03/15/20 Sale 90 03/22/20 Purchase 2 50 $3 $150...

Which is not true about Water (A) it is the most essential of all of the...

Which is not true about Water (A) it is the most essential of all of the nutrients (B) Adults are approximately 60% water (C) It regulates body temperature and cools the body off (D) It is a micronutrient because it contains no calories 2.Which is most likely caused by a protein deficiency: (A) Diabetes (B) high blood pressure (C) diverticulitis (D) compromised immune system ( low immunity) I. True or False: we can increase the likelihood of developing a food allergy...

Which is not right? When rates of return are not the same for all years, the...

Which is not right? When rates of return are not the same for all years, the arithmetic mean will always be higher than the geometric mean. When rates of return are the same for all years, the arithmetic mean and the geometric mean will be equal. Annual geometric mean is not the same as annual holding period yield While the arithmetic mean is best used as an “expected value” for an individual year, while the geometric mean is the best...

tolerance equals acceptance a true b false transactional leader and transformational leader are basically the same...

tolerance equals acceptance a true b false transactional leader and transformational leader are basically the same a true b false business srategies have nothing to do with tactical operational a true b false time management is not a leader's tool; it reflects learning by following others' needs a true b false

Which statements are true? Check all that apply: It is impossible to sell a part of...

Which statements are true? Check all that apply: It is impossible to sell a part of your ownership stake in a sole proprietorship. A sole proprietorship is subject to few government regulations. A sole proprietorship is easy to set up. All profits from a sole proprietorship are passed through to the owner for paying taxes. A sole proprietorship offers limited liability. A limited liability company is taxed like a _____ and its owners have _____ liability. partnership; limited partnership; unlimited...

Is it ethical for tobacco companies to sell a product that is known to be addictive...

Is it ethical for tobacco companies to sell a product that is known to be addictive and a danger to the health of the user? Is it relevant that the product is legal? • Should boards of directors consider only price when faced with a buyout offer? • Is it ethical to concentrate only on shareholder wealth, or should stakeholders as a whole be considered? • Should firms be penalized for attempting to improve returns by stifling competition (e.g., Microsoft)?

Question