Wealthy neighborhood and a fairly poor neighborhood

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Read the following scenario and answer the question in 5-10 sentences.

You recently inherited some property between a wealthy neighborhood and a fairly poor neighborhood. The property is zoned so that you can put a commercial building on it. You are contemplating putting an upscale convenience store on the property. You believe you can sell goods at a higher price than at the average convenience store because of the location because you think that the wealthy residents will pay a premium for the convenience of the location. Further, you believe that the residents of the poorer neighborhood will pay the higher prices because you will have the only convenience store in the area. How do you justify your decision using ethical theory and an ethical decision making model?

Reference no: EM131745984

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