Part A: Supply and Demand: Buying Toys at Christmas vs. Other Times of the Year By definition supply and demand means the amount of commodity, product, and service available, and the desire of buyers for it, factors considered for price regulation. This topic exemplifies this principle because it the demand during Christmas is greater which causes the supply amount to decrease which allows owners to hike up prices on items they know are in high demand. Unlike other time of the years when certain items aren't as highly demanded making the supply greater in comparison to Christmas time. Business are affected by this principle because depending on what customers determines what supplies they have and how much they charge their customers for it. New Technology Obsolesce: Ceasing to use a landline in favor of a cell phone: A proper definition of the term new technology obsolesce is newer gadgets of the current time surpassing older ones making them less and less relevant. Ceasing to use a landline …show more content…
An example of this is a manager being promoted from a co worker position where his wife works. Conflict of Loyalty: Being unsure of which party deserves recognition of something due to possible persuasion or selfishness of self profit, even if the individual knows there undeserving. An example of this is a board member presenting an award to a family member or to a coworker who is well deserving of the award. Honesty and Integrity: Integrity is the qualifications of being honest and having strong moral principles; moral uprightness. It is generally a personal choice to hold onese to consistent moral and ethical standards. An example of this is taking credit for something that someone else did when you know they deserve the credit.