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Author:Primeaux, P.
Stieber, J.
Title:When MR=MC: ethical efficiencies in valuing and pricing
Journal:Journal of Business Ethics
1999 : JAN 2, VOL. 18:2, p. 201-211
Index terms:PRICING
BUSINESS ETHICS
VALUATION
Language:eng
Abstract:How do we determine value? What are the ethical implications of valuing goods and services with respect to economic profit maximization? To answer those questions Primeaux and Stieber move their discussion of the ethical principles inherent to economic profit maximization from production to distribution, from internal costs to external pricing and consumer demand. This is the fourth of a series of essays explaining the ethical implications of economic efficiency arising from a behavioral definition of profit maximization.
SCIMA record nr: 195044
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