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For Board Meeting 10, see Chapter 34. Your company is a drug store, and it’s ha
Home » Other  »  For Board Meeting 10, see Chapter 34. Your company is a drug store, and it’s ha
For Board Meeting 10, see Chapter 34. Your company is a drug store, and it’s ha
For Board Meeting 10, see Chapter 34. Your company is a drug store, and it’s having trouble. A CVS moved in across the street, and a Duane Reade is going in around the corner. In order to save the store and entice buyers in, the treasurer suggested advertising a product for sale as being at cost without actually putting a product on the shelves at your cost on the sales dates. According to the proposal, if a customer specifically asks for such a product, your sales representatives will tell the customer that the store ran out due to demand, and offer the customer a rain check instead. The board is meeting to decide whether to institute this strategy. The CEO must prepare a preliminary assessment of the following questions for the board to discuss this week to decide what course of action to take: Is the tactic acceptable under consumer protection laws? Should it be? Assuming the tactic does not violate consumer protection laws, is it ethical for your company to advertise this way? Does it make a difference that you will give the customers rain checks? Why or why not? Would it be more ethical if you carried some product as advertised? How much product would you have to carry? Does it matter what type of product it is? The GC must post a recommendation on the new policy by Thursday 5/7 at 11:59pm EST. The recommendation must: (a) identify the recommended course of action (i.e., whether to sue the customer and what its policy will be for future checks), (b) outline the issues, (c) explain your rationale (i.e., apply any applicable rules to the facts given), and (d) describe any conflicting views and why they have been rejected. Remember that each board member must post at least twice by Thursday 5/7 at 11:59pm EST. Note that the GC and CEO are only required to post once in addition to posting the initial assessment (CEO) and recommendation (GC). (This problem was adapted from Ethics in a Business Setting pg. 591, but you should rely on the text posted here, not the text in the book as there may be key differences in the fact pattern and/or the questions). Instrctions; Please give two 100 word reccomendations. Sperate each response as well as work cited

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