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- Which of the following is true about ethics and the different functions of business? *a. Externalities should always be avoided.b. Marketing should be avoided because it can influence individuals' perceptions of and interactions with people.c. When faced with business ethics, the stockholder will always prevail in the decision making.d. The principal can influence the actions of the agents by giving rewards or punishments.Restriction on advertising assumes a general increase in prices. True False How does government provide incentives? A. Favored status for bidding on government contracts B. Tax breaks for truckers C. Behavioral changes of industries D. Subsidies for not producing Consumer ignorance is a market failure because of _________________. A. asymmetrical information B. negative externalities C. perfect information D. All of the aboveIndividuals who have more formal education _____ than do those with lesser degrees. Group of answer choices a. pay more tax penalty b. earn higher annual income c. save less money d. have less wealth e. have careers with less decision-making responsibility
- _______ Social responsibilitya. has little or no associated costs.b. can be extremely expensive and providesvery little benefit to a company.c. has become less important as businessesbecome more competitive.d. is generally a crafty scheme to putcompetitors out of business.e. is costly but provides tremendousbenefits to society and the businessInstructions: Answer the questions comprehensively. You may cite examples to validate your positions. Use APA citation if you're borrowing from a source and list your references at the end of your answers. 1. What are business ethics, and why is this an important topic? 2. The economics of information perspective argues that advertising is essential. Why? 3. State two significant criticisms of marketing and provide the pros and cons for each. 4. Give two examples of important legislation that relate to U.S.consumers. 5. Define social marketing and give an example of thistechnique. 6. What is the primary difference between transformative consumer research and other kinds of Consumer research? 7. Why is market access an essential aspect of consumer well-being? What are some significant reasons why consumers can experience limited market access? 8. What is greenwashing, and why is it a problem for marketers?What exactly does it mean to say that a website is popular? In the event that they are unable to pay for it, what other choices are open to small businesses?
- Give typed explanation A. Use of knowledge to create new products and processes B. Firms are not able to control only respond to C. Determine if an industry is good to enter D. Not applicable E. Purchasers from the industry F. Determine if a firm will succeed in an industry G. Segments of the General Environment H. Directly add value to a firm’s product I. Unique firm strength that creates most value for customers J. Ability to tell the industry how much to pay K. Characteristics about people such as age and gender L. Describes the compensation scheme for top managers M. Employee knowledge N. Threat of integrating forward O. Stronger in creating sustainable competitive advantage P. Can be seen and counted Q. Consumers R. Activity that adds value to the primary processes in a firm S. Describes the characteristics of a firm’s most important resources T. Ability to tell the industry how much to chargeWhat new features or enhancements have been added to StuffDOT recently?