Question: What Are The Ethical Responsibilities Of A Retailer?

What are the roles of a retailer?

Retailers have a large role in promoting sustainable consumption and production, occupying a unique position in the lifecycle chain of products as a ‘gatekeeper’ between producers and consumers.

They can potentially play a big role in furthering the sustainability of consumption and production..

What are moral and ethical responsibilities?

In philosophy, moral responsibility is the status of morally deserving praise, blame, reward, or punishment for an act or omission performed or neglected in accordance with one’s moral obligations. Deciding what (if anything) counts as “morally obligatory” is a principal concern of ethics.

What is ethical responsibility example?

Responsibility to Supply Chain In this chain of relationships, a business owner has an ethical responsibility to act honestly in all transactions. For example, the owner should give a fair price to the supplier for materials, study his costs and then determine a price per unit to charge the distributor or retailer.

What is ethical and social responsibility?

Social responsibility is an ethical theory in which individuals are accountable for fulfilling their civic duty, and the actions of an individual must benefit the whole of society. If this equilibrium is maintained, then social responsibility is accomplished. …

What are the characteristics of retailers?

Important Characteristics of Retailing are given below:It offers direct interaction with the customers: … Small quantity makes large quantity: … Customer service: … Point of sales promotion: … Different forms: … Location and Layout being Important: … Big Employment Provider:

What is the role of a consumer?

The role of consumers in an ecosystem is to obtain energy by feeding on other organisms and sometimes transfer energy to other consumers. Changes that affect consumers can impact other organisms within the ecosystem.

What are the functions of wholesaler and retailer?

Top 8 Essential Functions of a Wholesaler | Business Management(i) Buying and Assembling: … (ii) Warehousing: … (iii) Grading and Packaging: … (iv) Transportation: … (v) Financing: … (vi) Risk Bearing: … (vii) Providing Marketing Information: … (viii) Dispersion of Goods:

What are the ethical responsibilities?

Definition: Ethical responsibility is the ability to recognize, interpret and act upon multiple principles and values according to the standards within a given field and/or context.

What ethical responsibilities do businesses have?

The ethical responsibility of a business to stakeholders is that the business should be honest about its sales, revenue and profits. Providing stakeholders with a strategic plan for future initiatives also helps to build trust in the organization.

Who is responsible for ethical behavior?

Managers Role in Ethical Conduct. Managers are responsible for upholding the ethical code and helping others to do so as well.

What are the 7 principles of ethics?

There are seven principles that form the content grounds of our teaching framework:Non-maleficence. … Beneficence. … Health maximisation. … Efficiency. … Respect for autonomy. … Justice. … Proportionality.

What are the ethical issues in retailing?

Consumers don’t even hesitate to react to unethical business practices. This report discuses about important ethical issues to retail such as Corporate social responsibility, Product safety, Green issue, Product sourcing and how they affect retail industry.