Haris is a supplier of drugs and medicines in Delhi. He gets the requirements through various agents and procures the stock directly from the pharma companies, thereby making profits through the margins earned. Of late, he has been thinking of holding back stock of some life saving drugs, so as to earn greater margins by later selling them at higher rates.
(i) Is he morally correct in doing so ?
(ii) Which social and moral values should be considered before taking such a decision ?
(i)No, he is not morally correct in doing so.
(ii) The following social and moral values should be considered before taking such a decision:
(1) Consumer protection by regular supply of goods. (2) Responsibility towards community by transperancy in dealing with customer. (3) Follow the business ethics—socially determined moral principles.