Understanding Ethical Sourcing Quiz

Which of the following is an example of unethical marketing practice?

• Predatory Pricing

• Competitive Pricing

• Value-Based Pricing

• Cost-Plus Pricing

What term is used to describe the practice of making misleading claims about the environmental benefits of a product?

• Greenwashing

• Whitewashing

• Bluewashing

• Redwashing

Which unethical marketing practice involves providing false or exaggerated information about a product?

• Misleading advertisement

• Comparative advertisement

• Informative advertisement

• Persuasive advertisement

What is one of the key aspects of ethical sourcing?

• Maximizing profits at any cost

• Obtaining products in a responsible, sustainable way

• Reducing product quality to save costs

• Ignoring worker safety

Which of the following is NOT a benefit of ethical sourcing?

• Protects the environment

• Supports fair labor practices

• Builds consumer trust and brand loyalty

• Increases product prices significantly

How does ethical sourcing support workers?

• By ensuring fair treatment and safety of workers

• By reducing their wages

• By increasing their working hours

• By ignoring their working conditions

Why is ethical sourcing important for businesses?

• It helps in reducing production costs

• It builds consumer trust and brand loyalty

• It allows businesses to ignore environmental regulations

• It focuses solely on profit maximization

What is one of the guarantees provided by Fair Trade Certifications?

• Higher profits for companies

• Fair wages for workers

• Lower prices for consumers

• Increased production rates

Which of the following is promoted by Fair Trade Certifications?

• Industrial farming

• Sustainable farming

• Urban development

• Technological advancements

What is an example of an ethical sourcing practice mentioned in the document?

• Outsourcing labor

• Fair Trade Certifications

• Mass production

• Price fixing