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Market Model + Ethics, Ethical Dilemas in Workplace - Coggle Diagram
Market Model + Ethics
Oligopoly
- A Few Seller
- Examples: Airlines, Smartphone, Car
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Unethical
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Bid Rigging - Bid rigging is an illegal practice in which competing parties collude to determine the winner of a bidding process.
(+) Already know the winner, but still doing the bidding process.
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Ethics
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Transparency
- If no transparency, seller not maintain the customer :
Monopoly
- Only a seller
- Example : TNB
Ethics
Unfair Pricing
- Higher in Demand, Higher in Price
Fair in the market
- Because higher price, quality will be care
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