Question

In the land of free trade, the public does not view all industries as equal. Do you believe that is ethical? Do you believe that some industries are unfairly targeted? Should it be consumers’ choice to partake in products that are not healthy for them, or do those companies have an ethical obligation to protect people? In this assignment, you will choose from one (1) of the following industries to write about: Animal testing Telecommunications Health insurance Agriculture Credit Cards Write a paper in which you: Become an advocate for either the consumer or the industry. Prepare an argument explaining the major reasons why you support either the consumer or the industry. Discuss if you believe it is possible for a company to cater to both its best interest and that of the consumer conjointly or if one always has to prevail. Justify your response. Use at least two (2) quality references. Note: Wikipedia and similar Websites do not qualify as academic resources.

a) Write a paper on the chosen industry.
b) Discuss the ethical considerations in targeting industries.
c) Argue for either the consumer or the industry.
d) Justify whether a company can cater to both its best interest and that of the consumer.

Answer 1

Ethical considerations in industry targeting involve a balance between consumer rights and business interests. It is possible for a company to serve both its own interests and those of the consumer, especially through socially responsible practices and transparency, yet compromises may sometimes be necessary.

Step-by-step explanation:

The ethical considerations in targeting industries stem from the need to balance the interests of consumers with the profitability and viability of businesses. While some industries may be unfairly targeted due to negative public perceptions, there are also legitimate concerns such as health, environment, and animal welfare that must be addressed. Consumers indeed have the right to choose products freely, but companies also have an ethical obligation to protect people and not engage in deceptive practices.

In discussing whether a company can cater to both its best interest and that of the consumer conjointly, it is important to note that while challenging, it is not impossible. Companies can adopt corporate social responsibility practices and ensure transparency to achieve a balance. However, there might be scenarios where compromise is necessary to serve one party's interest without harming the other.