A company is losing market share and realizes it must increase efficiency and cut costs in order to survive and succeed. It decides to shut down several underperforming facilities in the United States and open factories overseas where costs are much lower. This decision will allow the company to compete more effectively in the global market and result in more job opportunities and profits down the road. This is an example of which ethical system?

Question

Charlie Crawford

Business

1 March, 09:57

A company is losing market share and realizes it must increase efficiency and cut costs in order to survive and succeed. It decides to shut down several underperforming facilities in the United States and open factories overseas where costs are much lower. This decision will allow the company to compete more effectively in the global market and result in more job opportunities and profits down the road. This is an example of which ethical system?

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Corey · Answer 1

This is an example of Utilitarianism Ethical System

Explanation:

Utilitarianism is simply an ethical system that possesses the sole aim of facilitating the greatest good for the greatest number. By shutting down under-performing facilities and opening factories overseas, it gives the company a greater chance at competing effectively in the global market and also, bringing about increase job opportunities and profits.