CSR Management Considerations Regarding Customer Base (VCE SSCE Business Management): Flashcards

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CSR Management Considerations Regarding Customer Base
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CSR benefits for customer base

Enhances brand awareness & builds consumer trust

Green marketing definition

Marketing of environmentally preferable products

Purpose of green marketing

Differentiate products from competitors

Consumer response to sustainable products

Willing to pay premium prices for environmental benefits

Requirements for environmental claims

Truthful, accurate & substantiated by evidence

ACL fine for companies (false environmental claims)

Exceeding $1 million

Privacy Act 1988 purpose

Protect customer personal information

Examples of personal information

Name, medical records, bank details, photos, IP addresses

Australian Privacy Principles purpose

Framework to manage personal info openly & transparently

Privacy policy accessibility requirement

Must be easily accessible to customers

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