In: Finance
1. Define the 6 modes of social control.
a. Ethics b. Laws
c. Formal & Informal Groups
d. Self-Regulation
e. The Media f. Informed & Engaged Society
2. From what do ethical questions arise from?
3. Define each of the ethical theories that apply to marketing.
1(a) Ethics :- Ethics in social contol means that is used to contol or minimises or reduces or to destroy the criminal tasks or actiivity form the society It is based on the idea that a individual or person can use his belief moral attitude personal relationship sincereity in doing work
(b) Laws :- Laws in social control means to reduces the various crimimal tasks or activities Means do only the legal work or task . No illegal activity can be done by any one
(c) Formal And Informal Groups :- Formal groups are the groups of the person which are made for a specific work for the purposes of regulates any special activity And Informal Group Are the group which can be made due to natural love and social relationships
(d) Self regulation :- Self regulation means control the activiies of itself with his self understanding . mostly self regulation can be done or self control can be done with the help of government regulations or various laws etc.
(e) The Media f. Informed & Engaged Society :- The Informed and Engaged society involves to make a love happiness in all over society Always engaged itself in the work of other ones . always be informed other about various tasks
Ans (2) The ethical Question is arised from the various unlawful activities or various unethical tasks that are done by the people such as various criminal activities done by various persons and also various unlawful tasks . The ethical question is arise also due to social control and various other things
Ans (3) The various ethical theories that are used in marketing ethics are as follows
1. utilitarianism :- Utilitarianism is a theory used in normative etics This can define the morality or beliefs in the ethics It show the favour of the majority and do the right actions
2. deontology :- It is also a theory used in normative ethics but in this theory the actions of morality is judged with the help of various rules given by the author of this theory
3. virtue ethics. :- It is also a thory of normative ethics but the diffrence from the above theories in it is that it is not based on rules . It judges the morality of a person on the basis of their character or ethical thinking