Ethics In Business Assignment Example | Topics and Well Written Essays - 500 words

Ethics In Business - Assignment Example Government safety regulations have both a positive and a negative side. As for the former, the safety regulations offer due protection to the customer. Once manufacturers desire to have their goods consumed by a certain set of consumers, the said goods must pass through certain verifiable safety standards that are meant to ensure that the end user is at no risk, however, from the consummation of such goods. will be an essential thing to the customer. The process of passing the goods through all the desired standards may prove expensive to the manufacturers. This is mainly because of the extent of inspection required by the authorities. In terms of safety, I would argue that business is meeting its requirements and expectations of the clients. The strict legal measures enacted to protect the consumer have really assisted in maintaining strict safety procedures, according to me. In terms of quality, pricing and labeling and packaging, there are businesses (most) that do not meet this s tandard. The main reason for this, perhaps, is the strict competition that is forcing marketers to apply all necessary mechanisms to ensure the goods are purchased. Today, advertising is not positive and socially desirable due to the gross deceptive techniques that are applied to it. Many advertisements have grown to be ambiguous, use extensively concealed facts, are exaggerated and tend to appease people psychologically. The end result is the bias that tends to deny the consumer the necessary truth while purchasing a product.