Business Ethics

  Marketing:  It is the process of getting potential clients or customers interested in your products and services. Marketing involves researching, promoting, selling, and distributing your products or services. Marketing Management: marketing management is the process of planning, executing, and tracking the marketing strategy of an organization. This includes the marketing plan, campaigns, and tactics used to create and meet the demand of target customers to drive profitability and client trust. Ethical issues in marketing: Pricing Ethics: There are various forms of unethical business practices related to pricing products and services. Bid rigging is a type of fraud in which a commercial contract is promised to one party, however, for the sake of appearance several other parties also present a bid. Predatory pricing is the practice of the sale of a product or service at a negligible price, intending to throw competitors out of the market, or to create barriers to entry. Misu...

  HR (Human Resources) : An HR department is an essential component of any business, regardless of an organization's size. It is tasked with maximizing employee productivity and protecting the company from any issues that may arise within the workforce. HR plays a key role in helping companies deal with a fast-changing business environment and a greater demand for quality employees in the 21st century. HR responsibilities include compensation and benefits, recruitment, firing, and keeping up to date with any laws that may affect the company and its employees. Ethical issues in HR management: Privacy: Privacy is always a sensitive matter for an employee. Though a company culture may be friendly and open and motivates employees to freely discuss personal details and lifestyles, the HR manager has an ethical obligation to keep such matters private. To remain ethical, HR managers must abide by job-related details and leave out knowledge of an employee's personal life.  This specif...

 Finance:         Finance refers to activities related to the exchange of certain capital assets between individuals, companies, or states. The term also relates to the uncertainties and risks that these transactions carry. Finance is one of the branches of the economy.  Financial Management:               Financial Management means planning, organizing, directing, and controlling the financial activities such as procurement and utilization of funds of the enterprise. It means applying general management principles to the financial resources of the enterprise.  Finance can be divided broadly into three distinct categories:   Public finance  Corporate finance  Personal finance. Ethical issues in finance and accounting: Falsifying Document: Falsification of Documents is changing details on the original document and trying to pass them off as real.  Falsifying Documents is a type o...