Skip to main content

Key Terms

acculturation
the cultural transmission and socialization process that stems from cultural exchange
consumerism
a lifestyle characterized by the acquisition of goods and services
enculturation
the process by which humans learn the rules, customs, skills, and values to participate in a society
humanistic business model
a business model for balancing profitability and responsibility fairly, especially with regard to stakeholders
localization
the process of adapting a product for non-native environments and languages, especially in other nations and cultures
mercantilism
the economic theory that global wealth is static and prosperity comes from the accumulation of wealth through extraction of resources or trade
moral agency
the self-awareness, freedom, and ability to make choices based on one’s perception of right and wrong
universal values
ethical principles that apply everywhere despite differences in time, geography, and culture

 

Citation/Attribution

Want to cite, share, or modify this book? This book uses the Creative Commons Attribution License and you must attribute OpenStax.

Attribution information

  • If you are redistributing all or part of this book in a print format, then you must include on every physical page the following attribution:
    Access for free at https://openstax.org/books/business-ethics/pages/1-introduction
  • If you are redistributing all or part of this book in a digital format, then you must include on every digital page view the following attribution:
    Access for free at https://openstax.org/books/business-ethics/pages/1-introduction

Citation information

© Dec 12, 2022 OpenStax. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution License . The OpenStax name, OpenStax logo, OpenStax book covers, OpenStax CNX name, and OpenStax CNX logo are not subject to the Creative Commons license and may not be reproduced without the prior and express written consent of Rice University.

No Comments
Back to top