Discuss the importance of consumer trust in a business. Think of companies you buy from and cite examples of brands or companies you do trust and those you don’t. Explain what makes you feel trust or distrust. What happens when consumer trust is lost and how can a company recover from that loss in constructive ways?
Discuss the importance of consumer trust in a business. Think of companies you buy from and cite examples of brands or companies you do trust and those you don’t. Explain what makes you feel trust or distrust. What happens when consumer trust is lost and how can a company recover from that loss in constructive ways?
Chapter4: Social Responsibility And Ethics In Marketing
Section: Chapter Questions
Problem 1SC
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Discuss the importance of consumer trust in a business. Think of companies you buy from and cite examples of brands or companies you do trust and those you don’t. Explain what makes you feel trust or distrust. What happens when consumer trust is lost and how can a company recover from that loss in constructive ways?
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Step 1: Introducing Consumer Trust:
VIEWStep 2: Explaining Importance of consumer trust:
VIEWStep 3: Giving Example of Trustable company with appropriate reasons:
VIEWStep 4: Giving example of a untrustable company with adequate reasons:
VIEWStep 5: Explaining consequences of lost consumer trust and ways to recover consumer trust:
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