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Ethical aspect of marketing
Ethical aspect of marketing
Ethical aspect of marketing
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Ethics
It is important for any business to behave ethically. Marketers have to be extra careful because they are in a way the face of a company. Acting unethically, affects not only the organization but also the customer, employees and other stakeholders. Marketers should abide by the American Marketing Association’s Code of Ethics which are honesty, responsibility, respect, fairness and citizenship. One example of unethical behavior that is often seen in marketing is misleading consumers by using false advertising or providing inaccurate information.
When it comes to marketing the line between what is ethical and what is not can easily be blurred. Advertisers have to walk a fine line between promoting their product and providing misleading
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Its unique overly sweet taste paired with its neon yellow coloring makes it stand out from the crowd. Mountain Dew appeals to a wide range of consumers especially those that would like an extra energy boost. The Mountain Dew name is highly recognizable and customers know exactly what to expect when purchasing the product. Further adding to Mountain Dew’s value is its price, Mountain Dew products are priced comparatively to other brands which allows them to stay competitive. Value is not the only factor that affects the customer purchasing decisions, how the product/brand is marketed overall, is very …show more content…
Examples of factors that affect a business’s buying decisions are economic conditions, regulations, government policies and the social environment. Businesses must also stay ahead of the competition, this can be done through product development, utilizing new technologies or even partnering with established brands. One way in which marketers can encourage a business to purchase a particular brand/ service is to offer some sort of partnership or sponsorship opportunity. A partnership between a business and community organization can benefit both
In business it is important the a company establish some clear order of business when dealing with business ethics. Ethical business practices can build customer relationships. Unethical business practices can cause a business to lose customers. In this case study the reader will be come familiar with the ethical practice of a Red lobster store in Pleasant Hill, Pennsylvania.
Michael R. Hyman; Richard Tansey; James W. Clark (1994). Research on Advertising Ethics: Past, Present, and Future: Journal of Advertising, Vol. 23, No. 3, Ethics in Advertising pp. 5-15.: Taylor & Francis, Ltd.
Red Bull owner Dietrich Mateschitz commented, "The most dangerous thing for a brand is low interest." (Gschwandtner) Red Bull is currently available in over 165 countries, resulting in over 35 billion cans sold. (Red Bull) While many companies try to push their products on consumers, Mateschitz decided to take a more personal approach towards attracting consumers and influencing them to make his product stand out and become their first choice. Red Bull's owner states that most of its success came from bringing consumers to the product rather than the other way around. (Gschwandtner) With events in the industries of sport, music, art, technology and adventure, there is little the company does that is not interesting to just about everyone.
Lahdesmaki (2005) argued that marketing can be an ethical contract between businesses and their customers. Therefore businesses are morally obliged to inform their customers about the products in store and provide all the information necessary via marketing strategy so the customer can make informed decisions about their purchase.
There is a debate on whether direct-to-consumer advertising of pharmaceutical drugs is moral. These drug companies believe they are providing consumer awareness for patients potentially suffering illnesses, while critics argue that patients demand particular drugs from their doctor while there might be
There is a lot of competition when it comes to advertising a company’s product because people are working hard to get their product to be the best seller and they are trying to find more innovative ways to do so. In order to make it easier, marketers target a specific group of people and focus on how to get their attention. A brand that does this well is Bud Light because in recent years they have started to shift their attention towards millennials. Their main audience was middle aged people but they have decided to change gears and target a different group because millennials, more specifically college students, are more likely to buy beer in bulk. Millennials are always in some way or form on social media and have easy access to information and companies use this to their advantage in order to get their brand across. Bud Light also uses different and engaging campaigns to grab the attention of their intended target. Bud Light has been targeting millennials because they are
In order to get insights into the consumer perception about the role of advertising we have reviewed a number of articles and conducted four in-depth interviews. A number of research papers reach opposed conclusions. These vary from the ones stating that "the ethicality of a firm's behavior is an important consideration during the purchase decision" and that consumers "will reward ethical behavior by a willingness to pay higher prices for that firm's product" (Creyer and Ross Jr.
This is where the government should come in. The government should regulate what's good or not. Drug commercials are great examples. The government makes sure people know what's wrong with the product and shares that information through the ad.
The first measure of ethicality verifies the truthfulness of the message. As Bivins describes, “The communication should be factually accurate.” The Twix advertisement uses humor rather than deception to exaggerate the effects of the candy bar. The false impressions are clear and understood by the audience. Taking a bite of Twix will neither pause the space-time continuum nor save someone from an incriminating text. Therefore, adding the words, “This ad does not replicate true events” or “Do not try at home” is not necessary. The truthfulness of the message passes the ethicality test.
The product I have chosen is Pepsi, which is a carbonated soft drink produced and manufactured by PepsiCo. It is one of the world's leading food and beverage companies with over billions of dollars in profit.
Pepsi Blue was first test-marketed in Bahrain for three reasons: first, the majority of residents drank Pepsi; second, regional marketers and bottlers had already begun re-evaluating the effectiveness of the company's white logo (which didn't work well in their market); and third, the city was a small test market with a tightly controlled sample population. The Pepsi Blue logo, tagline and new marketing materials were rolled out in half the market and its results were highly successful. Purchasers liked the new logo design and the majority believed that the packaging had improved and the taste remained the same. For those who believed that both the taste and packaging were different, the majority enjoyed the "new" taste.
In today’s difficult economy who can afford to spend their hard-earned money carelessly? Americans want good quality and low prices, and businesses that advertise their product make saving money possible. Advertising was created for one reason, so businesses could make known their product (Black, Hashimzade, and Myles). Some consumers may argue that advertising is not informative, but that it is manipulative because some advertisements make false claims. Fortunately, there are regulations and consumer rights that promote truth in advertising. Consumers must embrace their rights to keep advertising the way it is meant to be. Advertising is meant to be informative and not manipulative, and consumers play a great role in promoting truth in advertising.
In 1994, a new form of advertising and getting products and services into the world was discovered: the internet. Online advertising has been growing rapidly. We can see advertisements on almost any webpage we go to. Even if you try to avoid ads, you are bound to find some. This leads us to a crucial part of advertising which is ethics.
audience, the advertising industry is charged with several ethical breeches, which focus on a lack of societal responsibility (Treise 59). Child Advocacy groups and concerned parents, among others, question the ethicality of advertising claims and appeals that are directed towards vulnerable groups in particular, children (Bush 31).
PepsiCo: The history of a successful business empire PepsiCo is a worldwide corporation that mainly produces refreshments and focuses on the food market. According to PepsiCo “Pepsi was introduced as ‘Brad's Drink’ in New Bern, North Carolina, United States, in 1893 by Caleb Bradham, who made it at his drugstore where the drink was sold. It was renamed Pepsi Cola in 1898” (par. 1). The adage of the adage. Pepsi is one of the favorite companies of American Citizens because it has merged with other products, it is one of the most profitable organizations in America, and their products are popular amongst the American population.