Ethical aspect price decision making

• Main Author: Grubor Aleksandar
• Format: Article
• Language: English
• Published: Srpsko udruženje za marketing 2007-01-01
• Series: Marketing (Beograd. 1991)
• Subjects: ethical aspect; price decision making; consumer's protection
• Online Access: http://scindeks-clanci.ceon.rs/data/pdf/0354-3471/2007/0354-34710703071G.pdf

Price decision making in a marketing program framework creatings is a complicated and delicated part of marketing management, especially to keep in sight culminating of mass external factors. In a market economies price policy as a marketing mix instrument rarely is regulated by the law, which opening the ethical aspect questions of price decision making process. The ethics in the price decision making means consideration of the inner law of the individual (marketing managers and/or consumers), whose irreverence does not entail any juridical sanctions, rather its application is sanctioned by the self - awareness. The acception and stability of the ethical aspect price decision making are determined by the characteristic of selected marketing environment.