Why Have Ethics and Social Responsibility Become So Important in Recent

question 37

Essay

Why have ethics and social responsibility become so important in recent years? Why is it important that marketing ethics be incorporated into the firm's strategic plan?

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Definitions:

MRP Tables

Material Requirements Planning Tables are tools used in manufacturing to ensure that materials are available for production and products are available for delivery to customers, synchronizing supply with demand.

Bill of Material

A comprehensive list detailing the raw materials, parts, and components, including quantities, required to produce a product.

Lot-For-Lot

An inventory replenishment strategy where the order quantity matches exactly the demand for the next period, aiming to minimize holding costs.

Gross Requirements

The total amount of materials or products needed to meet the production schedule without accounting for any inventories on hand.