Business Ethicsread the background material in the presentations file for this module and futrelle, D. (2012). Post-Sandy price gouging: Economically sound, ethically dubious. Time (NOVEMBER 2). Retrieved March 31, 2014, from http://business.time.com/2012/11/02/post-sandy-price-gouging-economically-sound-ethically-dubious/
Search the internet for examples for price gouging. apply that material to the pricing decisions discussed in this case in answering the following questions:
1. What ethical principles support, respectively, raising prices in the wake of natural disasters and opposition to such increases?
2. Which approach would advise a convenience store owner to follow in an area hit by a tornado or hurricane?
Write a 2 page paper explaining your analysis and advice. Reference any sources of information about normative ethics principles and give relevant examples.