Asked by Jessica Alonso on May 27, 2024

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In the ________ stage of conscious marketing, a firm will decide what level of commitment to its ethical policies and standards it is willing to declare publicly and how the firm plans to balance the needs of its various stakeholders.

A) brainstorming
B) implementation
C) planning
D) control
E) evaluation

Conscious Marketing

Marketing practices that are aware of their impact on society, the environment, and the welfare of consumers, prioritizing ethical considerations.

Ethical Policies

Guidelines and principles set by an organization to conduct its business in a manner that is honest, fair, and respectful to all stakeholders.

Stakeholders

Individuals or groups with an interest or concern in the success and operations of a business, including employees, customers, investors, and the broader community.

  • Understand the significance of making ethical choices within the strategic marketing planning framework.
  • Learn about the strategies companies can employ to act in a socially responsible manner, tackling issues related to ethics, society, and the environment.
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Verified Answer

RC
Rumbi ChinamhoraJun 01, 2024
Final Answer :
C
Explanation :
The stage described in the question is the planning stage. In this stage, a firm makes decisions about its ethical policies and how it plans to balance the needs of stakeholders. Brainstorming is the stage where ideas are generated, implementation is the stage where plans are put into action, control is the stage where performance is monitored, and evaluation is the stage where results are analyzed.