Any Time an Activity Causes Managers or Consumers to Feel

question 153

True/False

Any time an activity causes managers or consumers to feel manipulated or cheated, a marketing ethics issue exists, regardless of the legality of that activity.

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Definitions:

Equilibrium Price

The rate at which the amount of a product or service that consumers want to buy matches the amount that producers want to sell, achieving equilibrium in the market.

Uber

A technology platform that offers ridesharing, ride service hailing, food delivery, and a courier service, transforming the way people access transportation.

Supply and Demand Analysis

A fundamental economic model used to determine the price and quantity of goods in a market based on their supply and demand.