The 'Four Ps' of marketing include product, price, promotion, and placement.
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Question 2
Free
True/False
While approaching an ethical issue in marketing, the utilitarian tradition would ask to what degree the participants are respected as free and autonomous agents rather than treated simply as means to the end of making a sale.
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Question 3
Free
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A condition for respect requires that consent be not only voluntary, but also informed.
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Question 4
Free
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The condition where lesser consumption leads to unhappiness is termed "affluenza".
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Question 5
Free
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Unsafe products do not further the utilitarian goal of maximizing overall happiness.
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Question 6
True/False
On the sole basis that someone wants to buy something and someone else is willing to sell it, a transaction is ethically legitimate.
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Question 7
True/False
Externalities show that even if both parties to the exchange receive actual benefits from the exchange, other parties external to the exchange might be adversely affected.
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Question 8
True/False
In a strict liability case, if it can be proved that a business was as careful as possible about its product or service, it is not held liable for the harm that results from its use.
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Question 9
True/False
The implied warranty of merchantability holds that in selling a product, a business implicitly offers assurances that the product is reasonably suitable for its purpose.
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Question 10
True/False
Most courts allow a business to completely disclaim the implied warranty of merchantability.
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Question 11
True/False
Under a contract model, the duties that a person owes are not merely those explicitly promised to another party, but also those that are implied.
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Question 12
True/False
Negligence involves the ability to foresee the consequences of our acts.
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Question 13
True/False
When consumers are injured by a product in which no negligence is involved and no one is at fault, the legal doctrine of strict product liability holds manufacturers accountable.
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Question 14
True/False
The utilitarian tradition in ethics would have the strongest objections to manipulation.
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Question 15
True/False
Consumer vulnerability occurs when a person has an impaired ability to make an informed consent to the market exchange.
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Question 16
Multiple Choice
Which of the following is a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders?
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Procuring
Branding
Marketing
Copywriting
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Question 17
Multiple Choice
Which of the following is one of the "Four Ps" of marketing?
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Purpose
Planning
Promotion
People
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Question 18
Multiple Choice
The _____ ethical tradition would see a simple situation of an agreement for an exchange between two parties as upholding respect for individuals by treating them as autonomous agents capable of pursuing their own ends.
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role-based
rights-based
rules-based
strategy-based
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Question 19
Multiple Choice
The _____ ethical tradition would take the two parties' agreement as evidence that both are better off than they were prior to the exchange and thus conclude that overall happiness has been increased by any exchange freely entered into.
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utilitarian
virtual
Kantian
deontological
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Question 20
Multiple Choice
The simple situation in which two parties come together and freely agree to an exchange is ethically legitimate only prima facie because:
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investigation proves that a simple exchange does not involve unethical situations.
a simple exchange involves the consent of both parties involved, which leaves no room for unethical acts.
certain conditions must be met before it can be concluded that autonomy has been respected and mutual benefit has been achieved.
exchange occurs on mutual consent and for mutual benefit, parties get involved in an exchange only if they see their benefit.