Legal and ethical issues in retailing. Ethical and legal consideration in RETAILING 2022-11-07
Legal and ethical issues in retailing
Retailing is an integral part of the modern economy and has a significant impact on the lives of consumers. Along with the various benefits it brings, retailing also poses several legal and ethical issues that need to be addressed.
One of the main legal issues faced by retailers is compliance with consumer protection laws. These laws aim to safeguard the rights of consumers and ensure that they are not exploited by retailers. For instance, retailers are required to clearly display the price of the products and services they offer, and provide accurate information about their quality and features. They are also expected to follow fair trade practices and not engage in deceptive marketing or advertising.
Another legal issue faced by retailers is the need to adhere to employment laws. This includes providing a safe and healthy work environment for employees, paying them fair wages and benefits, and not discriminating against them on the basis of race, gender, age, or other protected characteristics. Retailers also have to comply with laws related to the use of personal data and privacy. With the increasing use of technology in retailing, there is a need to ensure that consumer data is collected, used, and shared in a way that is transparent and compliant with relevant laws and regulations.
In addition to legal issues, retailers also face several ethical dilemmas. One such dilemma is the balance between profit and social responsibility. Retailers are under constant pressure to maximize their profits, but at the same time, they have a responsibility to consider the impact of their actions on society and the environment. For instance, they may be faced with the decision to source products from suppliers who offer low prices but have poor working conditions, or to invest in more sustainable practices that may have higher costs but benefit the environment.
Another ethical issue faced by retailers is the temptation to engage in unethical marketing practices. This includes targeting vulnerable consumers, such as children or elderly people, with misleading or manipulative advertising. Retailers also need to be mindful of their role in shaping consumer behavior and the impact of their marketing strategies on society.
In conclusion, retailing poses several legal and ethical issues that need to be addressed. Retailers have a responsibility to comply with consumer protection laws and employment laws, and to act ethically in their business practices. This includes considering the balance between profit and social responsibility, and avoiding unethical marketing practices. By addressing these issues, retailers can contribute to a fair and sustainable economy and enhance the well-being of consumers.
Ethical and legal consideration in RETAILING
There can be a variety of ethical and legal issues regarding retailing, some of which are as under: - Illegal use of brand name - A retailer must obtain proper confirmation from the parent company for selling a specific brand name. Environmental issues: Two environmental issues have received particular attention in recent years. It offers some moral and social principles rules for conducting a business. Ethics in Advertising and Promotion In the early days of existence of corporations, especially during 1940s and 1950s, tobacco was advertised as a substance that promotes health. However, we know very well that no two people can be the same.
Ethical Issues in Retailing
This content was COPIED from BrainMass. A society where everyone thinks about themselves and take selfish decisions is not a suitable place for people to live. Axe advertisements suggest that the products help men in instantly attracting women. Occurs when a retailer represents that merchandise is made by a firm other than the true manufacturer. Businesses include: Find the latest information about COVID-19 support in your state or territory. Legislation governs the retail firm's operations and relations with its channel partners.
Legal and ethical issues in retailing Free Essays
It will become non-functional or out of fashion after a certain period and thereby lets the consumer to purchase another product again. However, while the act outlined numerous accessibility issues, retailers may find that implementation is difficult due to their incomplete understanding of the experience of challenged shoppers in their stores. Two cases affected by the American Nurses Association Code of Ethics are very clear. Predatory PricingExists when a retail chain charges different prices in different geographic areas to eliminate competition in selected geographic areas. Another type of anti-competitive policy is planned obsolescence.
Legal & Ethical Issues in Retailing
Legal restrictions are imposed on practices concerning pricing, product, promotion, distribution, trademarks and HR policies. They do not exercise power arbitrarily and do not use overreaching or indecent means to gain or maintain any advantage or take undue advantage of another's mistakes or difficulties. What are the major legal and ethical issues related to the use of technology in the retail environment? The customer pays, but the merchant delivers the wrong goods or in less quantity or broken. The organizational environment plays a major role in the kind of ethical sense the employees possess. Retailing involves all activities required to market consumer goods and services to consumers who are purchasing for individual or family needs through a point of purchase. Some certain laws and regulations govern the retail sector.
Legal & ethical issues in retailing
It covers things that should be thought about when considering ethical management. All organizations and their employees are required to follow them in their conduct with the customers and with each other. Companies must be steady in continuously delivering Premium Ethics Contract Ethical and Legal Issues in Magazines Ethical and legal issues According to D. The list includes names such as Enron, WorldCom, Parmalat, Ahold, Allied Irish, Bearings and Kidder Peabody. Integrity: Ethical executives demonstrates personal integrity and the courage of their convictions by doing what they think is right even when there is great pressure to do otherwise. . Sometimes there are wholesalers that fulfil.
$mmtlp We look at 10 legal and ethical issues affecting Brokers, dealers, Hedge Funds and FINRA. Plus clarification on the class action. opportunities.alumdev.columbia.edu : MMTLP_
The organization which practices ethics will never only think about its own but also think about its employees and customers. The retail industry faces many specific challenges related to IT management, including: Customer data. Ethical values such as honesty, fairness, and loyalty involve the notion of moral duty and 'reflect attitudes about what is right, good and proper rather than what is pleasurable, useful or desirable. Its relations with suppliers, competitors, consumers and employees are governed by appropriate laws. You might also like. You can't create an "ideal" mold of people who will.
Ethical and Legal Issues in Retailing
Concern for Others: Ethical executives are caring, compassionate, benevolent and kind. Building Codes determine type of building, size, sign and type of parking lot used at a particular location. This article examines the legal foundation of a retailer transaction. If an organization believe in ethical practices, it tends to make decisions which are in favor of the organization, its employees as well as customers. Take the example of an IT company Infosys. . Ethical order ensures a sense of order and justice in an organization.
Legal and ethical issues for technology in retail environment
Values such as happiness, fulfillment, pleasure, personal freedom and being liked and respected are all ethically neutral because they deal with matters other than moral duty and obligation. . If an employee shares that information with competitors or with anyone outside the organization, then it is called the unethical practice. Therefore, the following ethical practices are important if you want to retain customers as well as employees for a long period of time. What is the company's legal and ethical obligation to do so? A study that further investigates and compares the ethical perceptions of undergraduate business students attending a major midwest public university were compared to those students attending a private conservative protestant college. Though there are many laws influencing the business environment of the retailer, there are many more aspects that come under the purview of ethics.
ACRA3 Ethical and Legal Issues in Retailing
The retail industry includes traditional sales outlets for consumers and business as well as online retailers and commission based selling. Infosys is known for its charitable work, good corporate governance, and social responsibility initiatives such as providing scholarship to deserving children and providing medical help to poor elderly people. Magazines go sometimes beyond the ethical or legal bounds. Shall not have a relationship with any other business enterprise Relationships with CustomersDeceptionBribes, Gifts and EntertainmentSpecial TreatmentConfidential InformationBackdoor Selling Deliberately presenting inaccurate information, or lying, to a customer is illegal. . Ethical codes vary from country to country.