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What Is the First Step of the Ethical Decision-Making Process

question 8

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What is the first step of the ethical decision-making process?

Understand the concept and implications of environmental forces in marketing.
Grasp the significance of communication in marketing efforts.
Appreciate the role of marketing research in identifying consumer needs and wants.
Understand the factors contributing to new product success or failure.

Definitions:

Primary Objectives

The main or most important goals, purposes, or targets that an individual, group, or organization aims to achieve.

Law

A system of rules created and enforced through social or governmental institutions to regulate behavior.

Harmony

A state of agreement or concord in relationships or musical notes producing a pleasing effect.

Stability

Refers to the state of being steady and not prone to change, often indicating reliability or consistency in various contexts.

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