According to Blanchard and Peale (The Power of Ethical Management, New York: Morrow, 1988), there are three ethical tests that may be useful:
- Is it legal or within company policy?
- Is it balanced and fair in the short and long term?
- Would you be proud if the public or your family knew about it?
Applyeach of the tests to the following situations and explain your reasoning:
- A foreign firm subsidizes its sales in another country
- A foreign firm dumps its products - at less than cost - in another country
- A firm imports products that, if made domestically, would've violated the laws.