SOC120 – Week 5 – discussion 2 -Conglomerates and Market Domination

SOC120 – Week 5 – discussion 2 – Conglomerates and Market Domination

1st Post Due by Day 3. Conglomerates and Market Domination. The purpose of this discussion is to help you understand the role of corporations in the modern world, and evaluating ethical aspects of corporate market domination. Prepare and post a response to the following prompts: • What is a corporation? What are the defining characteristics of a public corporation? What is a conglomerate? What is the difference between a corporation and a conglomerate? • Describe how media conglomerates are organized in the United States. Use an example of one media conglomerate and examine is various parts. How might these parts work together for mutual advantage? • Consider the ethics of media conglomerates. What are the advantages and drawbacks of allowing large conglomerates to control the mass media? What are alternative ways the media can be organized? Would the alternatives be more ethical or virtuous? Explain your reasoning. Your initial post should be at least 250 words in length. Support your claims with examples from the required material(s) and/or other scholarly sources, and properly cite any references in APA style as outlined in the Ashford Writing Center. Respond to at least two of your classmates’ posts by Day 7.




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Conglomerates and market domination

            A corporation is an authorized business which allows people to operate as a single entity that is recognized by law. A corporation is always distinct from its owners.  A corporation has stockholders or shareholders who are the owners and make decisions for the corporation. A corporation has unlimited life; if a member dies, the corporation will still continue to exist. A corporation also has limited liability; in case of debts the personal items of the shareholders are not to be touched. The other characteristic is that they are a separate…


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