Question

In: Operations Management

a. If the Brand X, makes the following marketing claim: "Discover our range of women's sustainable...

a. If the Brand X, makes the following marketing claim:

"Discover our range of women's sustainable clothing and fashion from the Conscious Collection Online".

You should be able to assume: Brand X is evidently sustainable because they are promoting the new Conscious Collection Clothing Line. In other words marketing information regarding sustainability is sufficient evidence of sustainability efforts.(T/F)

b. The main principles of the Circular Economy involve a fundamental rethinking of products, materials, and systems of commerce. Circular economy represents an approach to business that replaces our “take, make, waste" system in the following way:

Group of answer choices

-The concept of a circular economy maximize materials reuse

-The concept of a circular economy promotes water and energy savings

-The concept of a circular economy promotes cradle to cradle thinking

-All provided answers are correct

Solutions

Expert Solution

A marketing claim is any assertion you create about your organization, brand, or product—across any channel or any official press release. Sustainability focuses on meeting the wants of this without compromising the facility of future generations to satisfy their needs. The concept of sustainability consists of three pillars: economic, environmental, and social—also known informally as profits, planet, and people.

a.

I assume that Brand X is evidently sustainable because they're promoting the new Conscious Collection Clothing Line. In other words, marketing information regarding sustainability is sufficient evidence of sustainability efforts. Here the offered value has been ensured by the organization in writing, which shows the eventuality of the firms operating in it. The sustainability of the merchandise ensures an extended-term lifetime and therefore, the eco-friendly, or reusable observations, and also ensures an honest level of customer satisfaction through the standard and quantity that ensures a money value. The self-satisfaction through the focuses also on to attaining economic achievements.

Statements were supports the scenarios of sustainability, and therefore, the statement is, “TRUE.”

b.

The main principles of the Circular Economy involves a fundamental rethinking of products, materials, and systems of commerce. The circular economy represents an approach to business that replaces our “take, make, waste" system during a way that aimed toward eliminating waste, and therefore, the continual use of resources. This regenerative approach is in contrast to the normal linear economy, which features a “take, make, dispose of” model of production. It helps the economy also as sustainability to the environment and ensures the sources for the longer term generation.

Therefore, the right answer is: -All the provided answers are correct.

Because, as explained, the circular economy involves maximizing materials reuse, promotes water and energy savings, and promotes cradle to cradle thinking. The observations weren't compromising any opposite action which will cause spoil future lifetime of environment or resources or the products or the organizations.


Related Solutions

The Marriott company (Marriott: Reducing Our Footprint) makes the following claim about its "sustainability strategy": Our...
The Marriott company (Marriott: Reducing Our Footprint) makes the following claim about its "sustainability strategy": Our sustainability strategy supports business growth and reaches beyond the doors of our hotels to preserve and protect our planet’s natural resources. Marriott’s environmental goals are to: • Further reduce energy and water consumption 20% by 2020 (Energy 20 percent per kWh/conditioned m2; Water 20 percent per occupied room (POR). Baseline: 2007); • Empower our hotel development partners to build green hotels; • Green our...
Marketing Arithmetic Exercise #2 Joe Stich has just become product manager for Brand X.  Brand X is...
Marketing Arithmetic Exercise #2 Joe Stich has just become product manager for Brand X.  Brand X is a consumer product with a retail price of $1.00.  Retail margins on the product are 33%, while wholesalers take a 12% margin. Brand X and its direct competitors sell a total of 20 million units annually; Brand X has a 24% share of this market.  Variable manufacturing costs for Brand X are $0.09 per unit.  Fixed manufacturing costs are $900,000.  The advertising budget for Brand X is $500,000.  The...
Marketing Arithmetic Exercise #2 Joe Stich has just become product manager for Brand X. Brand X...
Marketing Arithmetic Exercise #2 Joe Stich has just become product manager for Brand X. Brand X is a consumer product with a retail price of $1.00.  Retail margins on the product are 33%, while wholesalers take a 12% margin. Brand X and its direct competitors sell a total of 20 million units annually; Brand X has a 24% share of this market.  Variable manufacturing costs for Brand X are $0.09 per unit.  Fixed manufacturing costs are $900,000.  The advertising budget for Brand X is...
Given the following table of x and y values, test the claim that there is a...
Given the following table of x and y values, test the claim that there is a linear correlation. Use a .05 significance level. x|12 10 9 7 8 y | 182 169 155 140 144 For this particular problem, here’s the information you need to include: Step 1 Ho= Ha= Step 2 Signifcance level a= Step 3 Test: p-value: Step 4 Conclusion (Yes/No): Is there sufficient evidence to conclude that there is a linear correlation? 8. Find the regression equation...
(PLEASE) The XYZ marketing firm found that a particular brand of portable stereo has the following...
(PLEASE) The XYZ marketing firm found that a particular brand of portable stereo has the following demand curve: Q = 10,000 – 201P + 0.029 Pop. + 0.61 I + 0.22 A Where Q is the quantity demanded per month, P is the price ($), Pop. is population (in units), I is income ($), and A is advertising expenditures ($). a. Are the signs of the individual coefficients consistent with predictions from economics theory? Concisely explain. (4pts) b. Interpret the...
how do you find the range of the following equations y=(x^2+3x)/(x^2-4) (the range y can't equal...
how do you find the range of the following equations y=(x^2+3x)/(x^2-4) (the range y can't equal zero please explain how to get the answer because I assumed it's the coefficient of x^2 divided by x^2 which is one not zero) Question 2) find the range of y=(2x^2-5x-3)/(x^2-4x+3) (the range is y can't equal to 2 and 3.5, please explain why when 3.5 is the non permissible value) Question 3) find the range of y=(x^2-4)/(x^2-5x+6) (the range is y can't equal...
8. Given the following table of x and y values, test the claim that there is...
8. Given the following table of x and y values, test the claim that there is a significant linear correlation. Use a .05 significance level. You do not have to find an equation. x|    12    10        9      7       8 y| 175    169   182   146   144
Refer to the following benefits of social media marketing: developing a loyal community, improving brand image,...
Refer to the following benefits of social media marketing: developing a loyal community, improving brand image, showing expertise or product quality, improving customer service, gaining customer feedback and ideas, boosting traffic and search engine rating, expanding sales and reaching a new audience, cutting marketing costs, and maintaining top of mind awareness. Choose one well-known company and review their social media presence. Find them on as many social media platforms as possible, look through their posts, and answer the questions below....
determine the range and domain of the following: the function k defined by k(x)= square root...
determine the range and domain of the following: the function k defined by k(x)= square root x-3
For an element X, the following standard reduction potentials exist at a temperature of our study:...
For an element X, the following standard reduction potentials exist at a temperature of our study: X^3+(aq) + 2 e– → X^+(aq) ε1° = 1.192 V X^4+(aq) + 3 e– → X^+(aq) ε2° = 1.241 V If [X^+] = 0.170 M, [X^3+] = 5.670 M, and [X^4+] = 0.174 M, at what temperature (in °C) will the galvanic/voltaic cell made from the above two half-reactions begins to become nonspontaneous?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT