The document discusses several theories of a business firm's duties to consumers:
1) A contractual view sees duties as those created by the contractual relationship between firm and customer.
2) A due care theory argues firms have a duty to ensure consumer safety since consumers must rely on them.
3) A social costs view is that firms should pay for any injuries caused by defects, even if unforeseeable, to properly distribute costs.
However, each view has criticisms, such as unrealistic assumptions about market dynamics or consumer behavior. Balancing consumer privacy and business needs considers legitimate collection and use of information with consumer consent and protection.
the ethics of job discrimination
,
definition of discrimination
,
types of discrimination
,
discrimination and the law
,
controversy over forms of discrimination
,
arguments against discrimination
,
utilitarian argument for affirmative action
,
equal justice argument for affirmative action
,
other types of discrimination
,
discrimination in the united states
,
increasing problems for women and minorities
,
moral objections to sexual harassment guidelines
,
legal status of affirmative action
,
ethics in the marketplace
,
definition of market
,
three models of market competition
,
utility in perfectly competitive markets
,
rights in perfectly competitive markets
,
equilibrium in perfectly competitive market
,
characteristics of perfectly competitive free mark
,
equilibrium in perfectly competitive markets
,
supply and demand curves
,
perfect competition
,
characteristics of monopoly markets
,
oligopolistic markets
,
the fraud triangle
,
main views on oligopoly power
the ethics of job discrimination
,
definition of discrimination
,
types of discrimination
,
discrimination and the law
,
controversy over forms of discrimination
,
arguments against discrimination
,
utilitarian argument for affirmative action
,
equal justice argument for affirmative action
,
other types of discrimination
,
discrimination in the united states
,
increasing problems for women and minorities
,
moral objections to sexual harassment guidelines
,
legal status of affirmative action
,
ethics in the marketplace
,
definition of market
,
three models of market competition
,
utility in perfectly competitive markets
,
rights in perfectly competitive markets
,
equilibrium in perfectly competitive market
,
characteristics of perfectly competitive free mark
,
equilibrium in perfectly competitive markets
,
supply and demand curves
,
perfect competition
,
characteristics of monopoly markets
,
oligopolistic markets
,
the fraud triangle
,
main views on oligopoly power
CHAPTER 6 ETHICS OF CONSUMER PRODUCTION AND MARKETINGsejalanand147
**Ethics and Environment**
Discover the critical intersection of ETHICS OF CONSUMER PRODUCTION AND MARKETING responsibility in this comprehensive presentation. Topics include sustainable development, corporate environmental ethics, green business practices, and the ethical implications of environmental policies. Ideal for professionals, academics, and anyone interested in understanding how ethical considerations drive environmental stewardship and sustainable practices.
This ppt is made to study the marketing ethics. This ppt will tell us about the various wrong practices in market and what should be sone to stop them. Who to complain and what to do.
Define conflict and conflict behavior in organizations
Distinguish between functional and dysfunctional conflict
Understand different levels and types of conflict in organizations
Analyze conflict episodes and the linkages among them
Explain why conflict arises, and identify the types and sources of conflict in organizations.
Describe conflict management strategies that managers can use to resolve conflict effectively.
Understand the nature of negotiation and why integrative bargaining is more effective than distributive negotiation.
,managing conflict ,politics ,and negotiation
,
capital budgeting
,
concept of capital budgeting
,
the capital budgeting process
,
significance of capital budgeting
,
classification of investment project proposals
,
techniques of capital budgeting
,
types of project
basic organization of computer
,
input unit
,
output unit
,
storage unit
,
arithmetic logic unit (alu)
,
computer codes
,
computer for organization
,
business communication
,
payroll system
,
management information system
operating system
,
os
,
what is an os?
,
types of os
,
logical architecture of a computer system
,
basic task perform by os
,
task switching
,
utility software
,
main functions of an os
,
ddata communications and computer networks
,
basic elements of a communication system
,
coaxial cable
,
star network
,
data transmission media
,
ring network
,
hybrid network
,
completely connected network
,
multi-access bus network
,
network linking devices
,
network interface card (nic)
International Business basic concept of international business
,
approaches to international business/ modes of ent
,
barriers to international business
,
absolute advantage and comparative advantage
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
2. Risks to Consumers
• Dangerous and risky products
• Deceptive selling practices
• Poorly constructed products
• Failure to honor warranties
• Deceptive and unpleasant advertising
3. Market Approach to Consumer Protection
• Safety is a commodity that should not be mandated by government.
• Safety should instead be provided through the market.
• In a market, sellers will provide safety if consumers demand it.
• In a market, the price of safety and the amount sellers provide will be determined by the
costs of providing it and the value consumers place on it.
• Government intervention in consumer markets makes them unfair, inefficient, and coercive.
4. Problems with the Market Approach
• Assumes markets are perfectly competitive, but they are not because:
– Buyers do not have adequate information when products are complex and information
is costly and hard to find.
– Buyers are often not rational about product risk or probabilities and are often
inconsistent.
– Many consumer markets are monopolies or oligopolies.
5. Contract View of Business Firm’s Duties to
Customer
The view that the relationship between a business firm and its customers
is essentially a contractual relationship, and the firm’s moral duties to the
customer are those created by this contractual relationship.
6. Moral Duty to Consumers under
Contractual Theory
• Duty to comply with express and implied claims of:
– reliability
– service life
– maintainability
– safety
• Duty of disclosure
• Duty not to misrepresent
• Duty not to coerce
7. Problems with Contractual Theory
• Assumes makers of products deal directly with consumers but they do not.
– Manufacturer’s advertisements do form a kind of direct promise to
consumers.
• Sellers can remove all their duties to buyers by getting them to agree to
disclaimers of responsibility.
• Assumes consumer and seller meet as equals, but seller has more knowledge
so consumer must rely on the seller.
8. Due Care Theory of Firm’s Duties to
Customer
The view that because manufacturers are in a more advantaged position and
consumers must rely on them, they have a duty to take special care to ensure
that consumers’ interests are not harmed by the products that they offer them.
9. Manufacturer’s Duties in Due Care Theory
• In designing product:
– research its risks in conditions of use
– design it so risks are minimized – take capacities of users into account
• In production:
– use strict quality control to eliminate defects
– ensure materials and manufacturing do not add defects or risk
• In marketing:
– provide users with information about using product safely
– warn of all dangers
– do not market to those unable to avoid risk
10. Problems with Due Care Theory
• Does not limit what producer must spend to eliminate risk.
• Does not indicate who should pay for product injuries that cannot be
foreseen.
• Puts manufacturer in paternalistic position of deciding how much risk is best
for consumers.
11. Social Costs View of the Manufacturer’s
Duties to Consumers
• The view that a manufacturer should pay the costs of any injuries caused by
defects in the product, even if the manufacturer exercised all due care in
designing, making, and marketing it, and the injury could not have been
foreseen.
• Product injuries are external costs that should be internalized as a cost of
bringing the product to market, this maximizes utility and distributes costs
more fairly.
12. Criticisms of the Social Costs View
• Unjust to manufacturers since compensatory justice says one should
compensate injured parties only if the injury was foreseeable and
preventable.
• Falsely assumes that the social cost view prevents accidents.
– Instead, it encourages consumer carelessness by relieving them of
responsibility for their injuries.
13. Criticisms of the Social Cost View (Cont.)
• Has increased the number of successful consumer lawsuits, which imposes heavy losses
on insurance companies and makes insurance too expensive for small firms. – Response:
studies show only small increase in lawsuits and insurance firms remain profitable.
14. Characteristics of Advertising
– A public communication aimed at a large social group intended to induce members of
this audience to buy the seller’s products.
– It succeeds by creating a desire for the seller’s product or a belief that a product will
satisfy a preexisting desire.
15. Criticisms of Advertising Based on Social
Effects
• It debases the tastes of the public.
– Response: this criticism is not a moral criticism.
• It inculcates materialistic values.
– Response: this criticism ignores the lack of evidence that advertisements can change people’s values.
16. Criticisms of Advertising Based on Social
Effects
• Its costs are selling costs that, unlike production costs, do not add to the utility of products and so
waste resources. – Response: this criticism ignores how advertising can increase consumption which is
good.
• It is used by big firms to create brand loyalties which let them become monopolies or oligopolies. –
Response: this criticism ignores studies showing big monopoly or oligopoly firms do not advertise
more than little firms.
17. Criticisms of Advertising Based on Its
Effects on Desires
• Advertising creates psychic desires which, unlike physical desires, are pliable and
unlimited.
– Psychic desires are created so firms can use us to absorb their output.
– Using us this way treats us as means and not as ends and so is unethical.
• Response: this criticism ignores studies which suggest non-subliminal advertising cannot
create and manipulate desires in adults.
18. Requirements of Deceptive Advertising
• An author who (unethically) intends to make the audience believe what he or she
knows is false by means of an intentional act or utterance.
• Media or intermediaries who communicate the false message of the advertisement .
• An audience who is vulnerable to the deception and who lacks the capacity to
recognize the deceptive nature of the advertisement.
19. Importance of Consumer Privacy
• Protects individuals from disclosures that can shame, interfere in one’s private life, hurt
loved ones, and lead to self-incrimination.
• Enables the intimacy that develops personal relationships, the trust and confidentiality
that underlies client-professional relationships, the ability to maintain distinct social roles,
and the ability to determine how others will see us.
20. Balancing Right to Privacy and Business Needs
• Is the purpose of collecting information a legitimate business need that
benefits the consumer?
• Is the information that is collected relevant to the business need?
• Is the consumer informed the information is being collected and the purpose?
• Did the consumer consent to the information disclosure?
• Is the information accurate?
• Is the information secure and not disclosed to recipients or used in ways to
which the consumer did not consent?