Professional Documents
Culture Documents
Module 8
Module 8
MARKETING
Module 8
What is Marketing?
● Marketing is defined as
This exchange process business activity that aims
involves convincing the
to build value for the
customers of a products value
through various marketing customers and manage
activities like advertising, customer relationships in
events, sponsorships and many order for a company to gain
others. value in return.
● Business organizations have an ethical
responsibility to design, manufacture,
and promote their products in ways
Product Safety and Liability
that do not cause harm to consumers.
Advertising is an important
tool in marketing that is
used to introduce a product
or inform consumers about
product updates, and to
influence or persuade the
consumers to buy the
product.
What are the Ethical
Issues in Advertising?
● In this ads, company
claim false regarding the
Misleading quality, style, history of a
product or service etc.
Stereoptypes
communicate an accurate
representation of the group.
Use of sex
● Representing women's in such
way devalues women’s image
and encourage sexual
appeal
harassment.
● Main objective of companies
is to tempt/attract the mind of
the viewers, it especially target
to youth.
● Most of the advertisers conceal
important information that is
unflattering, i.e. they present only
of facts
● They ignore to mention those facts
which would make their products
less desirable.
Puffery
that no reasonable person would
take literally.
PRODUCT
The ecological objectives in
planning products are to
reduce resource consumption
and pollution and to increase
effective utilization of
scarce resources.
PRICE
Prices for such
products may be a
little higher than
other products
because of higher
quality of
ingredients.
PLACE
The choice of where and when
to make a product available
will have significant impact on
the customers. Very few will
go out of their way to buy
green products.
PROMOTION
Capitalizing on green marketing
efforts is one way to create
positive image for the company.
Using eco labels such as eco-
friendly, natural, organic, and
energy efficient to promote the
products may influence the
purchase behaviour and decision
of consumers.