Theoretical and Applied Economics
No. 1 / 2024 (638), Spring
Marketing ethics – another business-oriented scheme?
B & Associates, Romania
Dumitru Alexandru BODISLAV
InfinitumR, Romania Bucharest University of Economic Studies, Romania
Abstract. Marketing ethics is crucial for defining the link between businesses and consumers, impacting both economic transactions and society values. Ethical marketing underlines the utilization of ethical principles and standards to every element of the marketing process, including product development, advertising, and customer relations.
This study looks at the intricate relationship between marketing ethics and how they could be used by companies to manipulate others. While following moral guidelines and standards has always been a requirement of marketing ethics, there is rising worry that companies are abusing this concept to influence consumer behaviour and views in order to benefit financially. This essay explores the delicate line that separates ethical manipulation from valid persuasion as it dives into the ethical issues that underpin marketing methods. It examines numerous strategies used by companies to violate marketing ethics, including misleading advertising, psychological pricing, and manipulation of social media algorithms, through an extensive analysis of case studies and literature. In addition, this study explores the cognitive biases and psychological mechanisms that marketers use to sway consumer decisions, providing insight into the moral ramifications of these tactics. Furthermore, it delves into the function of regulatory frameworks and corporate social responsibility endeavours in curbing unscrupulous marketing techniques and encouraging increased openness and responsibility in the sector. This paper aims to provide insights into the ethical challenges faced by businesses in navigating the modern marketing landscape and makes recommendations for fostering a more ethical and responsible approach to marketing practices by critically examining the duality of marketing ethics as both a guiding principle and a potential manipulation scheme.
Keywords: marketing, ethics, business-oriented purpose, manipulation.
Contents
- The unemployment rate and the future
of the employment market in Romania
The impact of inflation
A study on the Romanian post-pandemic economy
dominated by uncertainty
Maria GHEORGHE
Aureliana ROMAN
- The importance of resource efficiency indicators
in assessing eco-innovation
in the European Union countries
Lejla TERZIĆ
- Day-of-the-week and weekend effects
on stock market returns:
an investigation through review of literature
Gaurav KUMAR
Prof. Bhartendu SINGH
- Redefining wine brand engagement through influencer
marketing and ephemeral content
Anca-Alexandra DUCMAN
- The analysis of the effects of income inequalities
on the at-risk-of-poverty rate in the European Union
Maria Berta BELU
Silvana BOBÂRNAT (CRIVOI)
Maria Denisa VASILESCU
Eva MILITARU
- Financial anxiety and inflation:
a burden for informal workers
Vaswati RUDRAPAL
Puja DAS
- India’s global trade potential.
A panel gravity model approach
Ritu SHEKHAWAT
C.R. BISHNOI
- Drifting away from market efficiency:
the presence of the January effect in the U.S. stock market
Alexandra Maria SERBU
Theodor Gabriel TRIFAN
- Marketing ethics –
another business-oriented scheme?
Raluca Iuliana GEORGESCU
Dumitru Alexandru BODISLAV
- Financial effect of remittances
Dana Luiza GRIGORESCU
- Twitter sentiments and stock indices
returns with reference to nifty energy indices of India
Sakthivel SANTHOSHKUMAR
Murugesan SELVAM
- Brazilian soybeans: quo vadis?
Mario Antonio MARGARIDO
Frederico Araujo TUROLLA
- ESG risk rating disagreement:
implications on portfolio performance
Diana-Mihaela SANDU
- The economic efficiency
of waste management policies
Rareș-Mihai NIȚU
- Microfinance and poverty reduction:
an empirical evidence from SAARC nations
Samreen FAROOQ
Prof. S.M. Jawed AKHTAR
- Nexus between political federalism,
social diversity and human development in India
Vivek JADHAV
Dr. Shrabani MUKHERJEE
- Shaping the digital labor market
in the European Union
Georgiana-Alina CRISAN
Amalia CRISTESCU
Mădălina Ecaterina POPESCU
- Two decades of research on affiliate marketing:
a systematic literature review
Santroop TANWAR
Prof. Praveen SAHU
- Impact of final consumption, domestic investment,
exports, and imports on economic growth in Albania
Najwa AKERMI
Nadia Ben YEDDER
Sayef BAKARI
- Resurgence of informal economy
in the US amidst of automation
Bishal ROUTH
Joy SARKAR
- Ownership type and technical efficiency of banks
in Côte d’Ivoire: parametric and non-parametric evidence
Séraphin Yao PRAO
Guy-Roland MENZAN
Salimata DIABATÉ
- Evaluation of the event study
in the case of mergers and acquisitions
Dragoș-George BÎLTEANU
Irina STANCU
- Impact of the Covid-19 Pandemic on FDIs in Romania:
a comparative analysis
Mădălina-Elena DRAGOMIR
Marta STOIAN
- Analysis of the evolution of the net investments
and constructions carried out in Romania at the end of 2023
Constantin ANGHELACHE
Mădălina-Gabriela ANGHEL
Marius-Cristian RĂDUȚ
Ștefan Gabriel DUMBRAVĂ