Describe the consumerism movement.
What will be an ideal response?
Consumerism involves protecting consumers and promoting their interests, and this movement is made up of citizens and the government. This effort also tries to convince consumers to purchase products that have been produced using sustainable business practices. Some of the barriers to encouraging sustainable consumer behavior are: lack of awareness and knowledge from consumers on what are the social and environmental impacts of their purchases; the negative perceptions consumers may have of sustainable products; distrust of the sustainability claims of sustainable products; the higher prices charged for sustainable products; and, the low availability of sustainable alternatives.
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The equality of debits and credits in a trial balance means that all entries were correctly posted to the accounts
a. True b. False Indicate whether the statement is true or false
When a retailer or distributor stocks up on a product at a discount while promotion is running and then sells the inventory at regular price, the process is called:
A) reverse buying. B) forward buying. C) seasonal buying. D) promotional buying.
Answer the following statements true (T) or false (F)
1) An overstatement of ending merchandise inventory in the current period results in an overstatement of cost of goods sold in the current period. 2) An overstatement of ending merchandise inventory in the current period results in an understatement of cost of goods sold in the current period. 3) An inventory error cancels out after two periods. 4) Businesses strive to sell merchandise inventory quickly because the merchandise inventory generates no profit until it is sold. 5) Two ratios that help businesses monitor their inventory levels are days' sales in inventory and the inventory level ratio.
One of the implications of social media for marketers is that they must realize that they often do not control the content on social media sites
Indicate whether the statement is true or false a. True b. False