Title: Explain elements of ethical decision-making.
Course: Strategic Marketing (formerly Marketing, Advanced) (12152) > Section: Examining Marketing and Business

Explanation should include

- the importance of honesty, fairness, integrity, and respect for the rights of others when making business decisions
- the use of codes of ethics in business
- examples of unethical business practices.

Process/Skill Questions:

- How can businesses promote ethical behavior within the organization?
- What are examples of unethical business practices in recent years? What are the consequences?
- What ethical considerations are involved in product recalls?
- When upper management becomes aware of a potential defect in their product, what is the cost/risk of doing nothing?