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1 page/≈275 words
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Business & Marketing
English (U.S.)
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Business Ethics: Beer, tobacco, and credit card companies (Essay Sample)

1. Beer, tobacco, and credit card companies engage in advertising campaigns target undergraduate college students, many of whom are under the legal drinking age, live in non-smoking dorms, and have no major sources of income. How ethical are these practices? 2. In the education business, textbook publishers sponsor cocktail parties at conferences and provide professors with examination copies of textbooks. In the medical industry, parmaceutical representatives supply physicians with drug samples and provide staff lunches in offices. How do you feel about such practices? source..
Business Ethics
Business Ethics
Targeting of undergraduate students who are mostly below the legal age of drinking by tobacco and beer companies are unethical business practices. Unethical practices in the business field are those actions which do not conform to the morals and principles of the business environment. This means that they are not genuinely done but may mislead clients. The practice is unethical because it explain to the students who are below the legal age of drinking the various benefits of taking tobacco or beer. Some are likely to develop curiosity and may end up taking the illegal commodities to prove whether the products are as good as they perceived them during the promotions. When credit card companies target on undergraduate students who have no income, the practice may be referred to as ethical because they aim at gaining popularity among the youth so that the company may experience growth even in future (Sims, 2002). Many students are able to associate with the credit company in the future and therefore it would undergo growth.
The practices whereby publishers of textbooks sponsor parties and offer textbook copies to professors may be termed as ethical practices. This is because the professors are able to advise students on the best revision materials and the company ends up capturing wider market. Increased sales of the company’s products lead to increased growth of the company.
Supply of drug samples to physicians by pharmaceutical representatives in medical industries and provision of staff lunch in their offices are ethical practices. This is because the physicians are able to advice their clients on the best ...
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