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Ethics & Truth in Advertising

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Ethic and Truth in Advertising The purpose of a business is to make a profit. The key to the success of many businesses lies in advertising and marketing. Effective advertising and marketing ensure that consumers are well aware of a product; frankly, advertising is the base of brand awareness and consumer loyalty. One question that arises when discussing advertising is the importance of ethics and the use of the truth. The word “ethics” has a plethora of connotations, but it is often linked to the idea of set moral principles. Though businesses are organizations and not people, consumers expect them to withhold a standard of moral philosophy. Not only is it expected, but businesses have a “legal responsibility to ensure that advertising is truthful and not deceptive” (Advertising and marketing). Ethics play a critical role in advertising and if ignored can cause substantial financial and emotional damage. It can be argued that there are reasons for a business to stretch the truth, or even to lie. The main reason going back to the roots of a business, which is to make a profit. Society demands perfection and innovation; if your product is not differentiated from the others in the market, you are likely to not have as many sales as other companies. With the use of the internet, consumers have access to infinite information. Today’s buyer has the ability to find facts and data about nearly any product they are interested in. This makes it difficult for firms to lie, though it is not impossible to do so. Regardless of having access to company information, there are countless purchasers that just do not research products as well as they should. These are the consumers that rely solely on advertising from companies to acquire all of their information. Without profit, a business simply cannot survive in an industry. With respect to advertising,

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