Which of the Following Statements About Consumer Ethics Is Most

question 166

Multiple Choice

Which of the following statements about consumer ethics is most accurate?

• A) Consumer complaints about online auction fraud outnumber all other reports of online crime.
• B) The cost to marketers of unethical consumer behavior is negligible in terms of lost sales.
• C) The potential cost to marketers of unethical consumer behavior is dramatically reduced by investing in loss prevention training.
• D) Retailers lose about $1 million a day from shoplifting.
• E) At some point, every person shoplifts or participates in an unethical exchange; to retailers, it is simply the cost of doing business.

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Definitions:

Market Position

The standing of a company or its products in the eyes of customers relative to its competitors, often measured by market share, reputation, and customer preference.

Global Coffee Beans Producer

An entity or country engaged in the large-scale cultivation and export of coffee beans across the world.

Focus Strategy

A business approach where a company concentrates its resources on entering or expanding in a narrow market or industry segment.

Financial Services

Industries and businesses that manage money, including banks, investment companies, insurance companies, and real estate firms.