Importance of Ethical and Social Responsibilities:
- Building Trust: Ethical marketing builds trust with customers, which can lead to long-term loyalty and brand advocacy.
- Protecting the Company’s Reputation: Misleading promotions or ignoring social responsibilities can lead to public backlash and damage to the brand.
- Ensuring Long-Term Success: Ethical businesses tend to be more sustainable as they consider the long-term implications of their actions.
- Moral Obligation: Beyond business benefits, there’s a moral imperative to act responsibly and ethically.
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