Asked by Jaden Snell on May 23, 2024

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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.
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Shawn CrowderMay 27, 2024
Final Answer :
Marketers can minimize these fears by respecting and protecting consumers' right to privacy. They must be vigilant to avoid abusing their access to data. Marketing research should be used only to produce unbiased, factual information, and companies must adhere to legal requirements to disclose their privacy practices to customers on an annual basis.