Consumerism Refers to

question 65

Multiple Choice

Consumerism refers to

• A) a movement of conspicuous consumption that began when World War II ended.
• B) conducting business in a way that protects the natural environment while making economic progress.
• C) a collaborative effort between buyers and sellers to create an exchange where each benefit.
• D) the recognition of the need for organizations to improve the state of people, the planet, and profit simultaneously if they are to achieve sustainable, long-term growth.
• E) the grassroots movement started in the 1960s to increase the influence, power, and rights of consumers in dealing with institutions.

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Definitions:

Self-Regulatory Programs

Initiatives voluntarily undertaken by industries or companies to monitor and regulate their own behavior according to established guidelines or standards.

Better Business Bureau

A non-profit organization focused on advancing marketplace trust, helping consumers identify trustworthy businesses.

Self-Regulatory Association

An organization created by members of an industry to enforce fair and ethical practices within that industry without direct government intervention.

Better Business Bureau

A nonprofit organization focused on advancing marketplace trust, providing reviews on businesses, and handling consumer complaints.