Chapter 3 Flashcards
any means used to maintain behavioral norms and regulate conflict.
social control
standards of proper or acceptable behavior. Several modes of social control are important to marketing.
behavioral norms
the moral principles or values that generally govern the conduct of an individual or a group.
ethics
ethical theory that states that people should adhere to their obligations and duties when analyzing an ethical dilemma.
deontological theory
ethical theory that is founded on the ability to predict the consequences of an action.
utilitarian ethical theory
ethical theory that compares a current ethical dilemma with examples of similar ethical dilemmas and their outcomes.
casuist ethical theory
an ethical theory of time and place ethics; that is, the belief that ethical truths depend on the individuals and groups holding them.
moral relativism
a character trait valued as being good.
virtue
the rules people develop as a result of cultural values and norms.
morals
a guideline to help marketing managers and other employees make better decisions.
code of ethics
a law that prohibits US corporations from making illegal payments to public officials of foreign governments to obtain business dealings in those countries.
Foreign Corrupt Practices Act (FCPA)
a business’s concern for society’s welfare.
Corporate Social Responsibility
ethical theory stating that social responsibility is paying attention to the interest of every affected stakeholder in every aspect of a firm’s operation.
stakeholder theory
a model that suggests corporate social responsibility is composed of economic, legal, ethical, and philanthropic responsibilities and that a firm’s economic performance supports the entire structure.
pyramid of corporate social responsibility
the idea that socially responsible companies will outperform their peers by focusing on the worlds social problems and viewing them as opportunities to build profits and help the world at the same time.
sustainability