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wariber [46]
3 years ago
7

. What do you understand by term “advertising”. What would happen if ethical advertisement is not followed by businesses? Explai

n in detail
Business
1 answer:
Blababa [14]3 years ago
7 0

Answer:

Ethics means a set of moral principles which govern a person’s behavior or how the activity is conducted. And advertising means a mode of communication between a seller and a buyer.

Thus ethics in advertising means a set of well defined principles which govern the ways of communication taking place between the seller and the buyer. Ethics is the most important feature of the advertising industry. Though there are many benefits of advertising but then there are some points which don’t match the ethical norms of advertising.

An ethical ad is the one which doesn’t lie, doesn’t make fake or false claims and is in the limit of decency.

Nowadays, ads are more exaggerated and a lot of puffing is used. It seems like the advertisers lack knowledge of ethical norms and principles. They just don’t understand and are unable to decide what is correct and what is wrong.

The main area of interest for advertisers is to increase their sales, gain more and more customers, and increase the demand for the product by presenting a well decorated, puffed and colorful ad. They claim that their product is the best, having unique qualities than the competitors, more cost effective, and more beneficial. But most of these ads are found to be false, misleading customers and unethical. The best example of these types of ads is the one which shows evening snacks for the kids, they use coloring and gluing to make the product look glossy and attractive to the consumers who are watching the ads on television and convince them to buy the product without giving a second thought.

<em>Ethics in Advertising is directly related to the purpose of advertising and the nature of advertising. Sometimes exaggerating the ad becomes necessary to prove the benefit of the product. For e.g. a sanitary napkin ad which shows that when the napkin was dropped in a river by some girls, the napkin soaked whole water of the river. Thus, the purpose of advertising was only to inform women about the product quality. Obviously, every woman knows that this cannot practically happen but the ad was accepted. This doesn’t show that the ad was unethical. </em>

Ethics also depends on what we believe. If the advertisers make the ads on the belief that the customers will understand, persuade them to think, and then act on their ads, then this will lead to positive results and the ad may not be called unethical. But at the same time, if advertisers believe that they can fool their customers by showing any impractical things like just clicking fingers will make your home or office fully furnished or just buying a lottery ticket will make you a millionaire, then this is not going to work out for them and will be called as unethical.

Recently, the Vetican issued an article which says ads should follow three moral principles - Truthfulness, Social Responsibility and Upholding Human Dignity.

Generally, big companies never lie as they have to prove their points to various ad regulating bodies. Truth is always said but not completely. Sometimes its better not to reveal the whole truth in the ad but at times truth has to be shown for betterment.

Pharmaceutical Advertising - they help creating awareness, but one catchy point here is that the advertisers show what the medicine can cure but never talk about the side effects of that same thing or the risks involved in intake of it.

Children - children are the major sellers of the ads and the product. They have the power to convince the buyers. But when advertisers are using children in their ad, they should remember not to show them alone doing there work on their own like brushing teeth, playing with toys, or infants holding their own milk bottles as everyone knows that no one will leave their kids unattended while doing all these activities. So showing parents also involved in all activities or things being advertised will be more logical.

Alcohol - till today, there hasn’t come any liquor ad which shows anyone drinking the original liquor. They use mineral water and sodas in their advertisements with their brand name. These types of ads are called surrogate ads. These type of ads are totally unethical when liquor ads are totally banned. Even if there are no advertisements for alcohol, people will continue drinking.

Cigarettes and Tobacco - these products should be never advertised as consumption of these things is directly and badly responsible for cancer and other severe health issues. These as are already banned in countries like India, Norway, Thailand, Finland and Singapore.

Ads for social causes - these types of ads are ethical and are accepted by the people. But ads like condoms and contraceptive pills should be limited, as these are sometimes unethical, and are more likely to loose morality and decency at places where there is no educational knowledge about all these products.

(that is same question on my papers)

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Bob sold goods for $100 to a charge customer. The customer returned for credit $ 50 worth of goods. Terms of the sale were 3​/10
aev [14]

Answer:

The customer should​ pay $48.5

Explanation:

Terms of sale 3/10, n/30 means there is a discount of 3% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.

As per given data

Sale = $100

Sales return = $50

Receivable = $100 - $50 = $50

As the payment is made within discount period, so discount will be availed on the amount due

Discount = $50 x 3% = $15

Payment by Customer = $50 - $1.5 = $48.5

5 0
3 years ago
is a retail chain specializing in​ salon-quality hair-care products. During the​ year, had sales of . The company began the year
dem82 [27]

Answer:

.................................................Big Fuzzy Spider.................................................

.....................................Income Statement for the year.....................................

Sales............................................................................................ $39,150,000

Cost of Goods sold:

Opening Inventory ............................................$3,500,000

Add: Purchases...................................................$23,350,000

Less: Closing Inventory....................................<u> $4,445,000</u>

Less: Cost of Goods Sold ........................................................<u>.($‭22,405,000‬)</u>

Gross Profit....................................................................................$16,745,000

Less: Operating Expenses ........................................................<u>($7,225,000)</u>

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6 0
3 years ago
Customers compare brands and plan for the purchase of which products?
UkoKoshka [18]

Answer

Customers compare brands and plan for the purchase of a speciality product.

Explanation

These are those products that have unique characteristic and brand identification where specific customers are willing to make a purchase of the product with personal efforts.These products apply to specif customers who are willing to make an effort during the purchase process.A Ferrari can serve as a good example.

6 0
3 years ago
Read 2 more answers
Assume that the market equilibrium price is 50 cents for a pound of bananas, and the quantity sold is roughly 10 pounds. What ki
nekit [7.7K]

Answer:

The price control that could generate excess supply is to increase the price to 75 cents which would give the suppliers an incentive to supply since the potential profits have risen.

Explanation:

Market equilibrium can be defined as the point where market supply and market demand are equal,leading to stabilization of prices. The forces of supply and demand usually control the price at which goods and services will be set. Economists like Adam Smith utilized the concept of the free market to stipulate that the forces of supply and demand in a market will no government interference always push the market to it's equilibrium. Equilibrium generally means that the forces in the market have no incentive of changing their behavior.

Supply can be defined as the act of making something available to someone. In the context of an economy, the suppliers make goods and services available to the consumers. Demand on the other hand is the quantity of a good or service that consumers are willing purchase at a certain price. When demand exceeds the supply, the suppliers increase the price and when the supply exceeds the demand, the price drops.

In our case, increasing the price to 75 cents would give the suppliers an incentive to supply since the potential profits have risen. This would lead to excess supply since the price is set above the equilibrium price.

8 0
3 years ago
Joss Distributors had the following revenue-related transaction during December: Collected cash for services provided in Novembe
Elodia [21]

Answer:

The revenue for the month of December would be $25,500.

Explanation:

As per the revenue recognition principle, the revenue is recorded as and when the services are rendered or goods are delivered to the customer.

Cash collected for services provided in November: This won't be recorded as revenue in December as the services were rendered in the month of November. Therefore, it belongs to the month of November and not December.

Provided services on account $24,500 (collected $14,000 only): This would be considered as the revenue earned in the month of December.

Received $2,000 on December 1 and services provided evenly in December and January: The services will be provided evenly in both the months. So, the amount will be recorded as service revenue evenly in both the months. Thus, $1,000 would be recorded as revenue for December and remaining $1,00 as revenue for January.

Therefore, the revenue for December would be = $24,500 + $1,000 = $25,500.

8 0
3 years ago
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