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List and Discuss the Eight Steps in the Decision- Making

question 54

Essay

list and discuss the eight steps in the decision- making process.


Definitions:

Ethical Decision Making

The process of choosing among alternatives in a manner consistent with ethical principles.

Data Collection

The systematic gathering of information from various sources for analysis and interpretation.

Business Ethics

Business ethics involves the application of moral principles and standards to business behavior, focusing on fairness, honesty, and integrity in corporate practices and decision-making.

Marketing Ethics

The principles and standards that define acceptable marketing conduct as determined by various stakeholders.

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