a) A company suffers a major chemical leak at a pesticide factory abroad, and hundreds of people die overnight from poison gas inhalation. The company decides not to release information on the chemicals in the pesticide for fear that they would lose exclusive patent rights on the pesticide to competitors. Doctors do not know what they are facing when treating people at the scene and are franticly begging the company for information to save lives. Select and explain the companys action of refusing to release information on the pesticide.
b) A vehicle manufacture will not admit guilt or take responsibility on a defective component of a popular and extremely profitable car model until after a government mandate. The profits are simply too high to admit guilt and risk losing sales. Select the social responsibility approach and explain the companys action of refusing to admit responsibility and not acting to correct a defect because of sales.
c) An environmental disaster occurs with an oil tanker leaking thousands of gallons of oil onto a coastline. The company did not immediately offer monetary funds to clean up the spill and takes the matter of responsibility to court for several years. Meanwhile, the local community, state, and federal sources are spending billions of dollars cleaning up the mess. Select and explain the company's action of taking a passive approach to the spill.
d) A crazed gunman drives his pickup truck into the side of a popular restaurant during the lunch hour rush. The man gets out of his truck and begins to fire on restaurant patrons. Over 20 people were killed by the gunman, and another 20 people were wounded in the 15-minute shooting rampage. The CEO of the restaurant chain rushes to the scene of the crime and immediately offers financial support to victims and families. The CEO also reassures employees and the community that the restaurant will cooperate with authorities and rebuild the devastation caused during this tragedy. Select and explain the company's action of supporting the victims.
Describe the basic environments (legal, social, economic) in which a business operates.
Please make sure you include an introduction, a conclusion
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