Although Research Has Shown That Consumers Think Better of Products

question 37

Multiple Choice

Although research has shown that consumers think better of products made by firms they feel are behaving ethically,many "ethical" companies encounter difficulties selling their products.What is a good a reason for this?

• A) Ethical companies do not make good quality products.
• B) Products made by ethical companies are hard to find for consumers.
• C) Sometimes consumers' buying behaviour is not consistent with their positive attitudes about ethical products.
• D) Consumers lie on surveys about ethical companies in order to appear like they care.

Recognize the psychological mechanisms behind helping behavior in emergency situations.

Explain the role of self-esteem in the development of racism and prejudice.

Understand the impact of social facilitation on performance based on individual expertise.

Describe the principles of attribution theory and how they are applied to explain behavior.

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Definitions:

Retail Method

An accounting method used to estimate inventory value by applying a cost-to-retail price ratio, based on the beginning inventory plus purchases, less the sales at retail.

Inventory Costing

The method used to value and account for inventory, including costs of purchase, production, and conversion.

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated after considering the cost of goods sold and any new purchases.

Inventory Management

The process of ordering, storing, using, and selling a company's inventory. This includes the management of raw materials, components, and finished products, as well as warehousing and processing such items.