5.3.2 Ethical Consumerism

• Social media and peer pressure can encourage ethical consumer behavior.


  True
• Why might an ethical consumer purchase fair trade coffee despite its higher price?

  Support fair wages
• What is the purpose of ethical volunteering in ethical consumerism?

  Create social impact
• Ethical consumerism aligns with ethical values such as fair labor practices
• Influence from social media encourages ethical consumption.


  True
• Corporate social responsibility initiatives by businesses drive ethical consumerism
• What does ethical consumerism build upon to empower consumers?

  Consumer rights
• Arrange the characteristics of ethical consumers in order of their impact:

  1️⃣ Awareness and concern

  2️⃣ Willingness to pay more

  3️⃣ Engagement in boycotts

  4️⃣ Loyalty to ethical brands

  5️⃣ Commitment to sustainability
• What does ESG stand for in ethical investing?

  Environmental, Social, Governance
• What does boycotting involve in ethical consumerism?

  Refusing unethical products
• What is the purpose of ethical banking?

  Align with ethical values
• What is the primary goal of changing business practices in response to ethical consumption?

  Sustainable and fair practices
• Patagonia is an example of a company that has successfully aligned its business practices with ethical consumer values.

  True
• Increased consumer awareness about ethical issues makes them more conscious of their impact
• Why is the availability of ethical product alternatives important for ethical consumption?

  Makes ethical choices easier
• Match the characteristic of an ethical consumer with its description:

  Awareness and concern for ethical issues ↔️ Understanding and caring about ethical issues

  Willingness to pay more for ethical products ↔️ Readiness to spend extra for ethical values

  Loyalty to ethical brands ↔️ Sticking with brands known for standards

  Commitment to sustainable practices ↔️ Reducing environmental footprint
• Boycotting involves refusing to purchase products from companies with unethical practices
• Ethical investing considers environmental, social, and governance (ESG) criteria.


  True
• Match the ethical consumer practice with its description:

  Boycotting ↔️ Refusing to purchase from unethical companies

  Buycotting ↔️ Purchasing from ethical companies

  Ethical Investing ↔️ Investing in ESG-compliant firms

  Ethical Volunteering ↔️ Donating time to ethical causes
• What is one way businesses are changing their practices to cater to ethical consumers?

  Improving labor conditions
• Order the steps of how ethical consumers influence businesses:

  1️⃣ Ethical consumers apply stakeholder pressure

  2️⃣ Businesses improve ethical standards

  3️⃣ Reputation and sales increase
• Ethical consumerism enhances consumer awareness
• Ethical consumerism aligns with values such as environmental sustainability and fair labor practices
• Order the characteristics of ethical consumers:

  1️⃣ Awareness of ethical issues

  2️⃣ Concern for ethical issues
• What is the primary goal of ethical consumerism?

  Align purchases with ethical values
• Ethical consumers are influenced by peer pressure to make responsible purchasing decisions.

  True
• What role do government regulations play in promoting ethical consumption?

  Encourage sustainable practices
• Ethical consumption is perceived to benefit personal health, the environment, and society.


  True
• Increased consumer awareness about social and environmental issues is a key factor driving ethical consumption
• What is a key characteristic of ethical consumers regarding their values?

  Awareness and concern for ethical issues
• Match the ethical consumer practice with its description:

  Boycotting ↔️ Refusing to purchase from unethical companies

  Buycotting ↔️ Actively choosing ethical brands

  Ethical investing ↔️ Supporting responsible financial institutions
• Ethical consumers are willing to pay more for products aligned with their ethical values.


  True
• Order the key factors driving ethical consumption:

  1️⃣ Increased consumer awareness

  2️⃣ Desire to make a positive impact

  3️⃣ Influence of social media

  4️⃣ Government regulations

  5️⃣ Corporate social responsibility

  6️⃣ Availability of ethical alternatives

  7️⃣ Perceived benefits to health and society
• What is ethical consumerism a form of?

  Consumer activism
• Factors driving ethical consumption in order of influence

  1️⃣ Increased consumer awareness

  2️⃣ Desire to make a positive impact

  3️⃣ Social media and peer pressure

  4️⃣ Government regulations and policies

  5️⃣ Corporate social responsibility initiatives

  6️⃣ Availability of ethical alternatives

  7️⃣ Perceived benefits to health, environment, and society
• What type of policies can governments implement to promote ethical consumption?

  Regulations
• Match the characteristics of ethical consumers with their descriptions:

  Awareness and concern ↔️ Understanding of ethical issues

  Willingness to pay more ↔️ Readiness to spend extra for ethical products

  Engagement in boycotts ↔️ Advocacy for ethical practices

  Loyalty to ethical brands ↔️ Commitment to ethical standards

  Commitment to sustainability ↔️ Reducing environmental footprint
• Increased consumer awareness about social issues drives ethical consumption.
• Match the ethical consumer practices with their descriptions:

  Boycotting ↔️ Refusing unethical products

  Buycotting ↔️ Purchasing ethical products

  Ethical investing ↔️ Investing in ethical companies

  Ethical banking ↔️ Using ethical financial institutions

  Ethical volunteering ↔️ Donating time and skills
• Boycotting involves actively purchasing products from ethical companies.

  False