Ethics- False Advertising

Ethics- False Advertising

Difference Between “Let the Buyer Beware” and “Let the Seller Beware.”

The marketplace is dictated by how a buyer and seller interact. Both buyers and sellers need to be open in their communication and read each other’s motives. Buyer and seller motives need to be clean for a successful business to occur (Collins, 2006). The two phrases regulate the relationship between the buyer and seller in the marketplace. Buyers respond to what is offered in the market based on whether it interests them and meets their needs. The phrase “let the buyer beware” can be seen when buyers are warned about sellers who may be hiding specifications about a product, such as its side effects and sellers who may be overpricing products (Breman, 2018). Some people also post products that they do not have hence making buyers lose their money which is why it is important to warn buyers not to buy from such sellers. The concept of “seller beware” is used to warn sellers about buyers who may have ill motives (Barnes, 2013). The main warnings relate to buyers who do not pay once goods are delivered and sellers who tend to make late payments. The two phrases are important in the marketplace because they are the foundation of trust between buyers and sellers. If a buyer is not sure about the motive of a seller and if a seller is not sure about the motive of a buyer. Trust also dictates willingness to buy or sell based on whether the buyer feels that what the seller is offering is worth it and meets their needs (Mandt, 2018). Trust also dictates whether a seller is willing to sell to a customer based on their behaviour in terms of openness in payment. Our assignment help will hone your writing prowess for papers that will awe your professors.

References

Barnes, D. (2013). Seller beware: How not to sell your business. Biteback Publishing.

Breman, J. G. (2018). Eliminating poor quality medicines: ‘Caveat emptor, caveat venditor’ (buyer beware, seller beware). International Health, 10(5), 321-323. https://doi.org/10.1093/inthealth/ihy051

Collins, L. H. (2006). Online therapy: Let the buyer and seller beware. PsycCRITIQUES, 51(19). https://doi.org/10.1037/a0002487

Mandt, T. (2018). Managing distinct buyer-supplier dependencies – A typological differentiation. Dependence in Buyer-Supplier Relationships, 85-122. https://doi.org/10.1007/978-3-658-24252-7_4

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Unit 5 DB: False AdvertisingUnit 5 DB: False Advertising

Unit 5 addresses the relationship between corporations and their customers. Many ethical considerations form the basis of that relationship and all of us, as consumers are aware of the good, the bad, and the ugly that can come about between corporations and their customers.

Ethics- False Advertising

“Caveat emptor” translates to “let the buyer beware;” “Caveat venditor” translates to “let the seller beware.” Describe how the difference between these two phrases can be seen in the marketplace. Use an example to illustrate your thought.