n mid February, a massive snow storm hit Texas, causing massive power shortages because the windmills Texas counts on to provide a portion of its electricity froze in the snow. People all over Texas were without power and heat for days in below freezing weather. Given the need for power, the demand for small, household sized, gas-powered generators went up enormously. The immediate supply of generators ran out quickly. Suppliers from outside Texas began to ship in generators charging double the price for them, way more than the usual price. Suppliers charged this high price because they could. But it also meant that many people could not afford the higher price and simply had to suffer, risking serious frostbite injuries. Here is the question for you to discuss. Does the business that sells gas-powered generators have a social obligation to help out in crises like this, or should the business pursue profitability ? Make sure you explain why you think as you do using one or more theories of business's social responsibilities.
In mid February, a massive snow storm hit Texas, causing massive power shortages because the windmills Texas counts on to provide a portion of its electricity froze in the snow. People all over Texas were without power and heat for days in below freezing weather. Given the need for power, the demand for small, household sized, gas-powered generators went up enormously. The immediate supply of generators ran out quickly. Suppliers from outside Texas began to ship in generators charging double the price for them, way more than the usual price. Suppliers charged this high price because they could. But it also meant that many people could not afford the higher price and simply had to suffer, risking serious frostbite injuries. Here is the question for you to discuss. Does the business that sells gas-powered generators have a social obligation to help out in crises like this, or should the business pursue profitability ? Make sure you explain why you think as you do using one or more theories of business's social responsibilities.
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