Levi Strauss & Co

question 53

Multiple Choice

Levi Strauss & Co. uses eight recycled plastic bottles in each pair of Waste<Less jeans, which are composed of at least 20 percent recycled plastic. This is an example of

• A) proactive marketing.
• B) consumerism.
• C) an ecological code of ethics.
• D) green marketing.
• E) cause marketing.

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Definitions:

Product Demand

The quantity of a good or service that consumers are willing and able to purchase at a given price over a specified period of time.

Product Price

The total money demanded to buy a given product or service.

Marginal Product

The extra production achieved through the use of an additional unit of a specific input, while keeping all other inputs unchanged.

Wage Rate

The amount of money that an employee is paid per hour, week, or another unit of time for their labor.