What are the ethical standards in marketing?
Ethical standards in marketing refer to the principles that guide marketers to conduct their activities honestly and responsibly. They include honesty, transparency, fairness, and respect for consumer privacy.
Can you give examples of unethical marketing practices?
Sure! Examples include false advertising, misleading claims, exploiting vulnerable populations, and failing to disclose sponsorships.
How can companies ensure they follow ethical marketing standards?
Companies can ensure ethical marketing by creating a code of ethics, training employees, conducting regular audits, and being transparent with consumers.
What are the consequences of unethical marketing?
Consequences can include loss of consumer trust, legal penalties, damage to brand reputation, and financial losses.
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