This guide to business ethics provides key terms and concepts related to business ethics in a short, easy-to-use format. It provides objective coverage of theories, corporate social responsibility, human resources issues, consumer protection, and ethical issues in marketing and advertising. It is an ideal supplement for business ethics courses or as a reference for students and practitioners who would like to learn more about the basics of business ethics.
Consumer activism is a term that describes a variety of disparate movements that seek to influence the behavior of companies through activities ranging from providing information to boycotts, pickets, and litigation, with the aim of forcing companies to act in a way that benefits the perceived interests of consumers. Underlying the unifying idea of consumer activism is the belief that consumers can and should exercise their market power to improve not only the quality of products but also the conditions under which they are made, distributed, advertised, and sold. Consumer activism takes Adam Smith's dictate that the consumer is king to mean not only that the market responds to consumer demand for products but also that consumers can translate that demand into ...