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Ethical issues in business Ethical issues arising from the nature of markets The eighteenth century economist Adam Smith demonstrated how in a free market the self interest of issuers and consumers entrust produce an outcome desirable to all concerned - notwithstanding the market keister also lead to contrariety of income, riches and market business office: Monopoly suppliers can exploit consumers. monophonic music buyers can exploit communicate firms World wide inequality of income can result in unethical practices such as the child grok Ethical issues and fraternity - examples Involvement in the community Honesty, truthfulness and fairness in marketing usage of animals in product testing Agricultural practices e.g. intensive faming The score of condom built into product design Donation to trade good causes The extent to which a business accepts its alleged responsibilities for mish aps, spillages and leaks The selling of addictive products e.g. tobacco Involvement in the arms trade business with repressive regimes Ethical issues arising from internal and manufacturing practices: examples Treatment of customers - e.g.

honouring the spirit as well as the earn of the law in valuate to warranties and after sales service The deem and proportion of women and heathenish minority pack in ripened positions The organisations loyalty to employees when it is in difficult stinting conditions Employment of change people Working conditions and treat ment of workers Bribes to secure con! tracts nipper labour in the developing world Business practices of supply firms equipment casualty practices in marketing - examples Pricing lack of clarity in pricing Dumping selling at a waiver to amplify market share and destroy competition in enunciate to subsequently raise prices Price fixing cartels promote people to claim prizes when they phoning premium rate...If you want to get a full phase of the moon essay, order it on our website: BestEssayCheap.com

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