Asked by
Rhoda Grant
on Oct 23, 2024Verified
Which of the following tiers of environmental costs relates to consumer perceptions?
A) Tier 1 - Conventional costs
B) Tier 3 - Contingent costs
C) Tier 4 - Relationship and image costs
D) Tier 2 - Hidden costs
Consumer Perceptions
Consumer perceptions are the attitudes, beliefs, and impressions that consumers have towards a product, brand, or service, influencing their purchasing decisions.
Relationship and Image Costs
Relationship and Image Costs entail the expenses associated with building and maintaining relationships with stakeholders and the cost of developing and preserving a company's public image.
- Identify the role of consumer perceptions in environmental cost management.
Verified Answer
KS
Learning Objectives
- Identify the role of consumer perceptions in environmental cost management.