Countrywide: Buyer Power, Financial Aim, and Unethical Practices - Essay Example

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"Countrywide: Buyer Power, Financial Aim, and Unethical Practices" paper argues that buyer power is very critical in the policies of a company. Buyers collectively develop a bargaining power that organizations have to abide by if they wish to continue staying in the market…

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Countrywide: Buyer Power, Financial Aim, and Unethical Practices

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Subject: Management
Type: Essay
Level: Undergraduate
Pages: 1 (250 words)
Downloads: 2
Author: pricemonique

Extract of sample "Countrywide: Buyer Power, Financial Aim, and Unethical Practices"

In 2003, it was 29.4% and had dropped to 23.43% in 2006. Otherwise, the ratio dropped to -11.61 in 2007 due to the general depression that affected the global economy (Kaplan, 2011). We can attribute the drop to predatory lending prices and the slow housing market. The company was involved in the strategies only to lead it into problems. It is important to recognize that the company experienced a low return on assets.

Ethics is a major determinant of the success of any business organization. The company’s poor performance can be partly attributed to unethical practices that it engaged in while trying to maximize profit and introduce new products (Kaplan, 2011). For instance, a subprime mortgage is a loan given to people with low income taking advantage of their lack of understanding of the terms of the loans. The company misled the borrowers that it had a fixed rate to attract more clients yet they knew that the people could not afford it. The strategy lowered the reputation of the company. Read More

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