Explain the concept of greenwashing along with an example
What will be an ideal response?
Greenwashing gives products the appearance of being environmentally friendly without living up to that promise. An automobile manufacturer who promotes its cars as being environmentally friendly when the company is in fact a major polluter, would be an example of greenwashing.
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The production budgets are used to prepare which of the following budgets?
A) Operating expenses B) Direct materials purchases, direct labor cost, factory overhead cost C) Sales in dollars D) Sales in units
Which of the following is true about packaging?
A. The package cannot be used as a branding tool. B. The package is often the consumer's first exposure to the product. C. The package is what the consumer must give up to purchase a product. D. The package must not divulge information relating to its contents. E. The package lacks in offering benefits like economy and storage.
The maximum wage garnishment for general debts is 50 percent
Indicate whether the statement is true or false
With which of the following business strategies do large companies that try to take advantage of economies of scale in production often succeed?
A. low-cost B. functional C. differentiation D. customer intimacy E. niche