Ethics in Marketing

I have chosen to write on this topic” Ethics in Marketing” because ethics in general always impact many aspects of businesses. Therefore, it is interesting to research how it impact marketing. Ethics are a collection of principles of right conduct that shape the decisions people or organizations make. Practicing ethics in marketing means consciously applying standards of fairness, or moral rights and wrongs, to marketing decision making, behavior, and practice in the organization. In a market economy, a business may be expected to act in what it believes to be its own best interest. The purpose of marketing is to create a competitive advantage. An organization achieves an advantage when it does a better job than its competitors at satisfying the product and service requirements of its target markets. Those organizations that develop a competitive advantage are able to satisfy the needs of both customers and the organization. As our economic system has become more successful at providing for needs and wants, there has been greater focus on organizations' adhering to ethical values rather than simply providing products. This focus has come about for two reasons. First, when an organization behaves ethically, customers develop more positive attitudes about the firm, its products, and its services. When marketing practices depart from standards that society considers acceptable, the market process becomes less efficient sometimes it is even interrupted. Not employing ethical marketing practices may lead to dissatisfied customers, bad publicity, a lack of trust, lost business, or, sometimes, legal action. Thus, most organizations are very sensitive to the needs and opinions of their customers and look for ways to protect their long-term interests. Secondly, ethical abuses often lead to for institutions to assume greater responsibility for their actions. Since abuses do occur, some people believe that doubtful business practices. As a result,