Explain the Meaning of the Following Ethics Traps: Rationalization,conformity,following Orders,lost

question 5

Essay

Explain the meaning of the following ethics traps: rationalization,conformity,following orders,lost in a crowd,and blind spots.

Comprehend the stages of business growth and factors leading to business success.

Understand the concept of price elasticity and inelasticity and factors influencing them.

Recognize the components of the marketing mix and their flexibility.

Describe the factors influencing the determination of the "right" price for products and services.

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Definitions:

Cultural Discontinuities

Gaps or inconsistencies that arise when different cultural backgrounds lead to misunderstandings or conflicts in values, expectations, or behaviors.

Unexamined Assumptions

Preconceived notions or beliefs that are accepted without questioning or critical analysis.

Cultural Reason

A cultural reason refers to the rationale or motive behind actions, beliefs, or customs, rooted in the traditions or values of a particular society.

Conference Schedules

The planned timetable of events, sessions, and activities that will take place during a conference.