Help with business

Question

Can you think of other products or brands that rely on ethically questionable business practices? Do you think consumers are turned off by their track record or are they largely indifferent to it? Explain.

Answer 1

Yes, banks. The recession caused the government to place restrictions on banks. In addition, the low interest rates provides them with no other place to gain income other than fees and penalties. They have a predatory ideal and wait for the consumer to overdraft by $2.00 and then charge a $35.00 overdraft fee. Additionally, they have created self serving booklets with all the fees in them. Written is such a form that no one is going to read them and the ultimately get caught up.

Sorry if this sounds like venting. Our business banking relationship has come to a point that we constantly watch every transaction and detail.

My opinion is that the consumer is largely not aware of these and falls literally as a victim. Just my opinion.

Ethics is in the hands of the two people making the deal. One of the other can be at fault or combined. The mood of business is to gain the edge. The only way to level the playing field is exceptional due diligence by all partied involved. Trust, but verify is not a bad element.