Introduction to Business: Walmart
Unethical Business
Ethics is defined as beliefs about what is right and wrong or good and bad in actions that affect others.( Therefore, unethical behaviour is behaviour that is believed to be bad or wrong actions or decisions. Other definition about ethics is ‘the activity of examining the moral standards of a society, and asking how these standards apply to one’s life and whether these standards are reasonable’ (Velasquez, 1998; pg 11). Ethics are based on personal or social beliefs. Furthermore, these beliefs are our moral standards, and moral standards differ among individuals. Thus, no one can say with certainty that a particular action is right or wrong and good or bad.
Business ethics refers to ethical or unethical behaviour of a firm’s employer. Unethical business refer to decision made by employer with getting maximum profit as the main reason and other parties such as employees and customers receives negative effects. For example, a firm advertises their product as the best brand compared to other brands with the same type of product, but the product’s quality is not as good as it purported in the advertisement.
2. Wal-Mart
Wal-Mart is the largest American corporation that runs discount department stores. It was found in 1962, Arkansas, USA by Sam Walton. It was incorporated on October 31st, 1969. Furthermore, Wal-Mart is the largest private employer in the world.
Wal-Mart owns and operates Sam’s Club(, Wal-Mart Stores Divisions U.S., and Wal-Mart International. Wal-Mart has nine different formats of retail business, which is, supercenters, food and drugs, general merchandise store, small markets, cash and carry stores, membership warehouse clubs, apparel stores, soft discount stores and restaurants.(
Wal-Mart also offers private label store brands. Private label store brands are products offered by Wal-Mart which usually has the lowest price compared to other brands that offers
Ethics is defined as beliefs about what is right and wrong or good and bad in actions that affect others.( Therefore, unethical behaviour is behaviour that is believed to be bad or wrong actions or decisions. Other definition about ethics is ‘the activity of examining the moral standards of a society, and asking how these standards apply to one’s life and whether these standards are reasonable’ (Velasquez, 1998; pg 11). Ethics are based on personal or social beliefs. Furthermore, these beliefs are our moral standards, and moral standards differ among individuals. Thus, no one can say with certainty that a particular action is right or wrong and good or bad.
Business ethics refers to ethical or unethical behaviour of a firm’s employer. Unethical business refer to decision made by employer with getting maximum profit as the main reason and other parties such as employees and customers receives negative effects. For example, a firm advertises their product as the best brand compared to other brands with the same type of product, but the product’s quality is not as good as it purported in the advertisement.
2. Wal-Mart
Wal-Mart is the largest American corporation that runs discount department stores. It was found in 1962, Arkansas, USA by Sam Walton. It was incorporated on October 31st, 1969. Furthermore, Wal-Mart is the largest private employer in the world.
Wal-Mart owns and operates Sam’s Club(, Wal-Mart Stores Divisions U.S., and Wal-Mart International. Wal-Mart has nine different formats of retail business, which is, supercenters, food and drugs, general merchandise store, small markets, cash and carry stores, membership warehouse clubs, apparel stores, soft discount stores and restaurants.(
Wal-Mart also offers private label store brands. Private label store brands are products offered by Wal-Mart which usually has the lowest price compared to other brands that offers