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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 willing produce an outcome desirable to all concerned - just the market keister also lead to disparity 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 trade union movement Ethical issues and fraternity - examples Involvement in the community Honesty, truthfulness and fairness in marketing habitude of animals in product testing Agricultural practices e.g. intensive faming The head of condom built into product design Donation to proficient causes The extent to which a business accepts its alleged responsibilities for mishaps, spillages and leaks The selling of habit-forming products e.g. tobacco Involvement in the arms trade work 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 jimmy to warranties and after sales service The deem and proportion of women and social minority pack in ripened positions The organisations loyalty to employees when it is in difficult stinting conditions Employment of disenable people Working conditions and treatment of workers Bribes to secure contracts nipper labour in the developing world Business practices of supply firms falsely practices in marketing - examples Pricing lack of clarity in pricing Dumping selling at a discharge to amplify market share and destroy competition in enunciate to subseque ntly raise prices Price fixing carte! ls 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: OrderEssay.net

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