Asked by Jaden Snell on May 23, 2024
Verified
In 2005, a new federal law allowed consumers once-a-year free access to their credit reports. Many consumers who accessed their credit reports were surprised by the amount of information collected. What can marketers and marketing researchers do to minimize consumers' privacy fears?
Credit Reports
Documents containing detailed information about an individual's credit history, including loans, credit cards, and payment behaviors, used by creditors to determine creditworthiness.
Privacy Fears
Concerns or apprehensions that individuals or groups have regarding the protection of personal information and the potential misuse of this data in the digital age.
Federal Law
Legislation enacted by the national government of a country, which applies to all regions and people within that country.
- Discuss strategies for reducing consumer privacy concerns in marketing research.
Verified Answer
Learning Objectives
- Discuss strategies for reducing consumer privacy concerns in marketing research.
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