Business Ethics Paper.docx

Business Ethics Paper.docx - Abrams 1 Michael Abrams...

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Abrams 1 Michael Abrams Professor Spring BLW 280 – Business Law I October 20, 2017 Lake Effect Ethics Businesses in the United States are subject to its laws, but also have a duty to act ethically in their business affairs . Most laws in this country are based on ethical standards, but sometimes, law and ethics do not always agree on what is right . In the following scenario, there will be issues of business ethics raised with possible solutions based on the five major theories of ethics . Ontario Beverage Company (OBC), is a small company near Oswego, NY which produces a soft drink called “Lake Effect” made from local berries and natural spices . However, teens in the United States and England have started dropping two or three aspirin tablets in the drink to produce a cloud-like vapor to form . They then inhale the gas which has similar effects to a prescription painkiller . In the spring of 2017, OBC was purchased by Mack “The Knife” Knowlton, who had a reputation in the media as a villain for raising the price of a lifesaving drug by over 800 percent per dose . However, his snarky responses to the media have given him a huge fan base on social media . After Knowlton took over OBC, he rose the wholesale price of the drink by 120 percent, gave all employees raises, and started a profit sharing program which increased his popularity with the employees even more . He changed the design of the company logo from a blue lake on a sunny day to a thick white storm cloud going across rough waters . He also changed the
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Abrams 2 company slogan to “Every cloud has a silver lining . Find yours!” OBC will soon become the sponsor of several music festivals with ticket giveaway to Lake Effect drinkers . Knowlton was asked if his encouragement of intoxication among young people was ethical, and he replied by saying companies like Monster and Red Bull make energy drinks with are mixed with alcohol .
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  • Spring '14
  • AndrewT.Wolfe
  • Ethics , young people, lake effect, Mack Knowlton

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