Which of the Following Is a Consequence of Consumers Easily

question 232

Multiple Choice

Which of the following is a consequence of consumers easily finding product satisfaction information through consumer reviews on the Internet?

• A) It allows firms to make exaggerated claims about its products.
• B) It allows government agencies to control interest rates and the supply of money.
• C) It allows firms to monopolize markets.
• D) It lets firms evaluate macro-marketing strategies in terms of society's objectives.
• E) It lets firms play by the socially accepted "rules of the game."

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Definitions:

Unethical or Illegal Actions

Behaviors or decisions that are morally wrong and/or violate legal standards, typically involving misuse of power or resources.

Competing Firms

Competing firms are businesses that operate in the same market, offering similar products or services to the same customer base, and thus compete for market share, sales, and leadership in their industry.

Moral Idealism

A personal moral philosophy that considers certain individual rights or duties as universal, regardless of the outcome.

Personal Moral Philosophy

An individual’s set of beliefs, principles, and values concerning what is right and wrong, shaping ethical behavior and decisions.