Marketing
It is defined as dozens of different ways. It also include determining demand, product on its price selected distributed channels.
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Ethical Issues
There Are Eight Principles of Ethical Marketing
- The common standard of truth will be observed in all forms of marketing communication.
- Personal ethics will guide the actions of marketing professionals.
- Advertising is set apart from entertainment and news and the line is clear.
- Marketers will be transparent about who is paid to endorse their products.
- Consumers will be treated fairly, depending on who the consumer is and what the product is.
- Consumer privacy will be respected and upheld at all times.
- Marketers will comply with standards and regulations set by professional organizations and the government
- Ethics should be discussed in all marketing decisions in an open and honest way.
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Unethical Issues
- Misleading Statements
- Making false or deceptive comparisons about a rival product.
- *Inciting* fear or applying unnecessary pressure. “Limited time offers” are notorious for the latter, which is fine if a deadline really exists and the tone doesn't sound threatening.
- Exploiting emotions or a news event.
- Stereotyping or depicting women as sex symbols merely to draw attention to a product.
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