Sam, a fish wholesaler, entered into a contract with a department store to supply herring at a price of $2.50 per pound for a year.When a hurricane closed most fisheries Sam increased the price to $3.25 per pound and refused to sell at the old price.Sam's behavior is an example of opportunism.

Question

Quizplus · Accepted Answer

Sam's behavior of increasing the price after a hurricane closed most fisheries and refusing to sell at the old price is an example of opportunism. Opportunism refers to taking advantage of a situation or circumstance for one's own benefit, even if it goes against the agreed terms of a contract. By increasing the price, Sam is exploiting the department store's need for herring due to the shortage caused by the hurricane, thereby acting opportunistically.

Sam, a Fish Wholesaler, Entered into a Contract with a Department