Consumer Fraud

1004 Words May 13th, 2013 5 Pages
Business Ethics
Major Issue Paper

When consumers engage in fraud, they attempt to deceive businesses for their personal gain or when a consumer intentional deceives an organization by taking an economic advantage over them (insert bibliography 1 ). There are multiple ways a consumer can deceive a business. Some examples include identity theft; check fraud, credit card fraud and shoplifting. Employees, consumers, and businesses can do fraud in many ways. Consumers have achieved consumer fraud by improving and changing ways to receive an advantage over a company. Consumer fraud not only affects consumers and businesses but also the economy. According to the National Retail Security Survey, nearly 41% of the retail chain revenue
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If a consumer creates a staged accident to gain money from a company, the consumer is engaging in duplicity consumer fraud. Duplicity consumer fraud can cause an economic turmoil for companies, but an economic advantage for that consumer. It creates a negative reputation for the company.

Someone who engages in consumer fraud tends to only be focused on his or her personal outcome, such as economic gain, and not how it might affect other consumers, businesses, or the economy. Individual and organizations that engage in consumer fraud have multiple reasons, seen by them as positive reasons, for engaging in these deceitful activities. For the most part, consumers see the main positive reason for engaging in consumer fraud of achieving an economic advantage. , Some consumers lie to obtain age discounts or privileges. A consumer might lie to a company employee about his or her age to get a discounted movie ticket at the movie theater for a senior price.
Consumer fraud is a highly unethical action by consumers. Consumer fraud not only steals from the companies but also other individuals. Consumer frauds entail an individual or organization to knowingly and intentionally deceive an organization for an economic advantage. Consumer fraud is unethical because some consumers know the difference between right and wrong, but they do not care because they just want their personal, economic gain. These consumers do not factor in the implications of their unethical behaviors

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