Advantages and disadvantages of a family business


Question 1. A family member has asked you to go into business with them. This family member has started several successful businesses in the past, but their ethical standards are questionable. Describe the challenges of doing business with a family member, and develop a plan for addressing these challenges, including any potential ethical issues which may arise.

Question 2. What are the advantages and disadvantages of a family business? How can the involvement of a third party resolve conflict in a family business?

Question 3. You have decided to add an addition to your house. Describe the negotiation process that you will use with the contractor you have chosen to complete the renovation.

Question 4. Products and services are marketed in such a way to grab our attention, sometimes using fear to do so, such as identity theft protection company commercials. These practices are sometimes called the dark side of persuasion. Are these practices ethical? Why, or why not?

Your response should be at least 200 to 300 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

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