5.3.2 Ethical Consumerism

• What is the definition of ethical consumerism?

  Buying ethically and responsibly
• Ethical consumerism can lead to tangible benefits for businesses and society.


  True
• Match the ethical considerations with their descriptions:

  Animal welfare ↔️ Promoting humane treatment of animals

  Fair trade ↔️ Ensuring fair prices for producers
• Ethical consumerism encourages businesses to innovate in sustainable production methods.


  True
• Match the impact of ethical consumerism with its description:

  Increased customer loyalty ↔️ Consumers trust businesses with ethical practices

  Enhanced reputation ↔️ Aligning with moral values
• What is the impact of ethical consumerism on a company's reputation and loyalty?

  Enhances reputation and loyalty
• Ethical consumerism incentivizes businesses to invest in sustainable production methods and responsible practices.


  True
• Consumers are willing to pay more for products that are environmentally sustainable, fairly traded, or produced under ethical labor conditions
• What is the core principle of ethical consumerism?

  Buying ethically and responsibly
• Ensuring fair and safe working conditions for employees is a key consideration of ethical consumerism.


  True
• The goal of ethical consumerism is to align purchasing decisions with moral and ethical values
• What is an example of an ethical consumer choice related to environmental sustainability?

  Buying recycled paper
• Purchasing cruelty-free products is an example of ethical consumerism related to animal welfare.

  True
• Government policies related to ethical consumerism help increase transparency
• Mandatory labeling requirements help consumers make informed decisions about products' environmental or ethical impact.

  True
• The goal of ethical consumerism is to align purchasing decisions with moral and ethical values
• What does environmental sustainability involve in ethical consumerism?

  Minimizing environmental impact
• The goal of ethical consumerism is to support companies that make a positive impact
• What is an example of an ethical consumer choice related to environmental sustainability?

  Buying recycled paper
• Ethical consumerism builds stronger customer loyalty
• Increased demand for ethical products leads to higher sales and greater market share
• How does ethical consumerism enhance customer loyalty for businesses?

  Aligns with consumer values
• Aligning with ethical consumer values can provide businesses with a competitive advantage in the marketplace.


  True
• Environmental sustainability in ethical consumerism involves minimizing environmental impact
• What is the purpose of fair trade in ethical consumerism?

  Ensuring fair prices for producers
• Ethical consumerism encourages consumers to use their purchasing power to drive positive change.


  True
• Fair trade ensures that producers in developing countries receive fair prices and wages
• How does ethical consumerism affect businesses' sustainability efforts?

  Fosters sustainable innovation