Question

In: Finance

Why should marketers have an understanding of green/sustainalbe marketing practices.

Why should marketers have an understanding of green/sustainalbe marketing practices.

Solutions

Expert Solution

Sustainable marketing:

  • Green marketing may also refer to the production and marketing of goods based on their pro-environmental factors. Such a product or service may be environmentally friendly in itself, in addition to being produced in a sustainable way. This may include avoiding toxic materials in the product, the use of recycled materials in the product, products made from renewable materials, not using excessive packaging, or products designed to be repairable and not "throwaway."
  • It is a new concept in marketing and business, yet already proving to be a game changer. Based on ideas of environmental and social sustainability, sustainable marketing seeks to meet the needs of this generation without messing up the future. It's part of a much bigger theme in business that is focused on everything from wind power to eliminating trans fats, global warming, climate change, and the role of different social classes, many businesses have recognized that people who are friendly to the environment and society are also consumers. Businesses also understand that these people are so passionate about their beliefs that they prefer companies that cater to them. The recognition by established companies has created enough momentum for newer companies to take notice as well.
  • Consumers are environmentally conscious, and they want to buy from businesses who think like them. Thus, marketing sustainability will be important for businesses that want to keep or attract consumers with mindsets toward the environment, social issues, and economic growth.

Thanks. If you find this answer suitable then please thumbs up!


Related Solutions

Why is marketing mix so important to marketers?
Why is marketing mix so important to marketers?
Locate a company that engages in indirect green marketing practices for the products/services they sell, but...
Locate a company that engages in indirect green marketing practices for the products/services they sell, but have also developed subsidiary foundations to support additional ecological initiatives. evaluates whether such foundations impact consumer opinion, considers the pros/cons of indirect Green Marketing, and describes the ethical considerations of such a marketing methodology.
Why should marketers be concerned about CSR and sustainability?
Why should marketers be concerned about CSR and sustainability?
Discuss the need for marketers to have a good understanding of maths, statistics and general business...
Discuss the need for marketers to have a good understanding of maths, statistics and general business finance.
Why should marketers keep metrics in mind as they set objectives?
Why should marketers keep metrics in mind as they set objectives?
Why are some marketers sceptical of the value of marketing research? Do you think that they...
Why are some marketers sceptical of the value of marketing research? Do you think that they are justified in their scepticism?
4. Why do marketers take the time and cost associated with test marketing?
4. Why do marketers take the time and cost associated with test marketing?
Why is marketing important to society? Why should you study marketing?
Why is marketing important to society? Why should you study marketing?
In which element of the marketing-mix have Tommy operating practices been the most standardized globally? Why...
In which element of the marketing-mix have Tommy operating practices been the most standardized globally? Why has this been possible and desirable? Rlated to the Tommy Hilfiger Case Chapter 17 Case Study International Business 15th Edition
How do marketers measure return on marketing investment? Why is this figure difficult to assess?
How do marketers measure return on marketing investment? Why is this figure difficult to assess?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT