This document discusses marketing ethics and its importance. It defines ethics as determining right and wrong behavior, and marketing as communicating value to sell products/services. Marketing ethics deals with moral principles of marketing operations and regulations. Marketers should consider consumer judgment ability, sufficient information for unbiased decisions, and choice/alternatives. The importance of marketing ethics includes satisfying needs, building trust and credibility, and long term gains. Ethical issues can arise in a marketing mix's product, price, placement, packaging, and promotion. [/SUMMARY]