MARKETING 520 MIDTERM EXAM CHAPTER ONE 1. The most formal definition of marketing is _________. a. Meeting needs profitably b. Identifying and meeting human and social needs c. The four Ps (product‚ price‚ place‚ promotion) d. An organizational function and a set of processes for creating‚ communicating‚ and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders. e. Improving the quality of life for
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3. Do you think our country does a good job of balancing freedom and security? Explain your response. 4. If Jefferson and Hamilton could return to the US today‚ who would be happier with the way the country has turned out and why? Also‚ what political party would they join and why? If Alexander Hamilton and Thomas Jefferson could come back to view the country today‚ it seems that Jefferson would be happier because the country has turned out more liberal. But in my opinion‚ both of them would
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2011-10-03 Definition of a Political System • The complete set of institutions‚ political organizations‚ and interest groups‚ • The relationships among institutions‚ and the political norms and rules that govern their functions International Business Part Two Comparative Environmental Frameworks Chapter Three The Political and Legal Environments Facing Business 3-2 Copyright © 2009 Pearson Education‚ Inc. publishing as Prentice Hall Individualism vs. Collectivism Political Ideology • Individualism:
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Political and legal forces are two of the three most important aspects for a business‚ with social forces being the third. Politics is a changing scene‚ and the rules and laws will change not regularly but often enough. Different elected parties have different feelings about certain business practices and use or alter the laws to change these. The same comes into play with trading in other countries. Organizations‚ especially the European Union‚ have a lot of rules for their member states with
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Ethical dimensions of sustainable development and their relevance to Organisations: A case study of Coltan Mining Industry Author Institution Course title Instructor Date Introduction Sustainability and its use in enhancement of a sustainable development has become a major concern in the world economy. Many international documents including Agenda 21 on ethics highlights how governments and corporate bodies may achieve sustainable development. One of the strategies suggested by the document
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In the present world legal and ethical issues have major impact in almost all the professions. It occurs when a professional/organization executes something against the law. Legal issues have a specific law behind them which will result in legal consequences if you don’t obey. It simply goes along the law it concern to anything arising from law or counter legal arguments. Ethical Issues are acts that you fell wrong but not against the law though it’s not illegal.
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Nurses make legal and ethical decisions when caring for patients; decisions that need to be made carefully because the decisions could possibly change a patients ’ life. There are theories to explain how to problem solve ethically and the theories are not based on emotion (Guido‚ 2006). This paper will discuss the relationship between legal and ethical issues and ethical theories‚ examples will be provided. Ethics can be described as principles and standards that are a guide to conduct used to elevate
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Ethical and Legal Obligations Ethical and legal obligations apply to all members of society. As one in society‚ the obligation to act in an ethical‚ law abiding manner on a daily basis is vital to the integrity of daily life. Many professions have their own code of ethics. Financial reporting is not exempt from such ethical and legal standards. One’s lively hood depends on decisions made in the business world. Business transactions are done daily and can impact one’s economic stability.
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Legal and political environment • This environment is composed of laws‚ government agencies‚ and pressure groups that influence and limit various organizations and individuals. • Sometimes these laws create new opportunities for business. Various associations have been formed in India for automobile industry ➢ ACMA and SIAM are two major automobile association in India. ➢ acma(Automotive Component Manufacturers Association of India ) ➢ siam (Society of Indian Automobile
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Ethical and Legal Issues in Nursing How personal and societal values can influence ethical decision- making process when nurses are faced with ethical issues‚ nursing has long advocated a nonjudgmental approach to care. Nurses need to able to apply ethical principle in decision- making and consider their own values and belief and the values and belief of the client. As nurses we have the responsibility to protect the right of the client by acting as client advocate. According with Blais‚ Hayes‚
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