What is meant by fair trade? Provide examples of products that demonstrate this principle.
What will be an ideal response?
Fair trade is defined by Oxfam as: "An alternative approach to conventional international trade. It is a
trading partnership which aims at sustainable development for excluded and disadvantaged producers. It seeks to do this by providing better trading conditions, by awareness raising and by campaigning." The fair trade movement is not anti-capitalist, but instead intends to use the market system to enhance the influence of the supplier stakeholder. The best known fair trade product is coffee, and today most retailers carry a fair trade product. Other fair trade products are flowers, spices, and cocoa.
You might also like to view...
Answer the following statements true (T) or false (F)
Accounting regulation prevents fraud.
Martin Ortner holds a $200,000 portfolio consisting of the following stocks: Stock Investment Beta A $50,000 0.95 B 50,000 0.80 C 50,000 1.00 D 50,000 1.20 Total $200,000 What is the portfolio's beta?
A. 0.938 B. 0.988 C. 1.037 D. 1.089 E. 1.143
Use the following information to calculate cash paid for wages and salaries: Salaries expense$168,000 Salaries payable, January 1 6,400 Salaries payable, December 31 10,600
A. $157,400. B. $172,200. C. $168,000. D. $163,800. E. $174,400.
Industry around the world accounts for approximately how much of the world’s total energy use (choose the closest answer)?
a. 1% b. 10% c. 20% d. 30%