Using Which Ethical Philosophy Would a Marketer Make the Decision

question 146

Multiple Choice

Using which ethical philosophy would a marketer make the decision that provides the most good or the least harm?

• A) utilitarian approach
• B) rights approach
• C) fairness or justice approach
• D) common good approach
• E) virtue approach

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Definitions:

Supply And Demand

The economic principle that the price of a good rises and falls depending on how many people want it (demand) and how much of the good is available (supply).

Established Marketplace

A market or exchange with a long-standing presence, recognized for stable operations and a broad base of users or participants.

Escalator Clause

is a contract provision that allows for an automatic adjustment in prices or wages based on fluctuations in certain economic indicators.

Costs Change

Alterations in the financial expenditures associated with producing or obtaining goods and services.