If we accept the principle of “caveat emptor” - “let the buyer beware,” why then is there concern about the ethics of advertising. If the consumer is responsible to make the decision, is there anything to justify restricting the advertiser? Explain your view.
What will be an ideal response?
Answer: Advertising is making bridge between seller and buyer, So seller have higher responsibility to behave with ethics, seller can't give false promise or false feature about her/his product in the advertisement. If found seller gets negative impact on his/her product, soon seller has thrown out from the market. So concern must kept the ethics in advertising.
Even though consumer have the right to take a decision to buy the product or not, but customers decision drawn with the help of information has provided by the seller about the product during in the advertisement.
Seller should sell the product must be good for customer health, mind, their product never ask to engaged into immoral activities, Some rules and regulation as well as restriction needed for the advertiser to sell right product to the buyer or customer.
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A. not increase spending because of the sharp rise in interest rates. B. not increase spending even if interest rates fell all the way to zero. C. increase spending because interest rates would fall to zero. D. increase spending because of the sharp rise in interest rates.
Sara's Strawberry Market maximizes its total revenue by selling strawberries for $1.25 a basket. At a price of $1.25, you predict that ________
A) the demand for strawberries is inelastic B) Sara's sells most of the strawberries that she grows C) the demand for strawberries is elastic D) the demand for strawberries is unit elastic
Nontraded securities are part of
A) direct, but not indirect finance. B) indirect, but not direct finance. C) direct and indirect finance. D) neither direct nor indirect finance.
Behavioral economists argue that asset price bubbles and other examples of herd behavior may be due to biases resulting from the law of small numbers
In particular, the investors may observe unusually ________ returns for some asset and use this limited information to ________ the probability that returns will be high in the future. A) low, over-estimate B) low, under-estimate C) high, over-estimate D) high, under-estimate