Ask Marketing Management Expert

Challenging Conventional Wisdom

Beverly Hendler graduated from university 10 years ago with a Bachelor of Business Administration, with a major in accounting. She went to work for an accounting firm and later obtained her CPA designation. Through her work as an auditor she met her husband Ross, and they now have two children, ages 4 and 2 years old.

Since the birth of her second child, Beverly has worked from home on a half-time basis.After having children, Beverly took more of an interest in the food consumed by her family. She researched the desirability of buying organic foods. There were several reasons for her interest in organic foods, but in particular, she thought they were generally a more environmentally friendly choice.

She received a shock one day when reading one of her business magazines. There were two articles challenging the conventional wisdom (see explanation below) that organic foods benefited the environment. The articles said that intensive farming on a large scale using fertilizers was much more productive. To produce the same amount of food organically would require much more land as crop yields are lower. The larger land requirement would potentially require more deforestation to keep up with demand.

According to the articles, it was questionable whether organic farming was more energy efficient. More energy was necessary because of the lower yields and the necessity to have additional plowing of fields to control invasive weeds. The articles went on to say that the purchase of local foods was not always more environmentally friendly.

Consumers driving to farmer's markets often used more energy than they would driving to local supermarkets. Furthermore, the article suggested it is more environmentally friendly and energy efficient to produce some foods in other countries rather than attempt to grow locally.

Beverly is now wondering about the appropriateness of buying organic foods. The articles did not dismiss the significance of consumers' interest in organic foods, and stated it was appropriate for consumers to "vote" with their dollars as to what kind of food they wished to consume.

The article even suggested that consumer purchasing decisions were changing the way food was produced and distributed.Point of explanation: A conventional wisdom as a widely accepted belief or view with regard to some matter that is usually not questioned.

The view that locally produced food is more environmentally friendly is widely held.

QUESTIONS:

1. Who are the stakeholders and what are their issues?

2. How do conventional wisdoms form?

3. How is business affected by conventional wisdom?

4. What should Beverly do?

Marketing Management, Management Studies

  • Category:- Marketing Management
  • Reference No.:- M92552531
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Marketing Management

Question 1 application of conceptstime value of money2

Question: 1. Application of concepts/time value of money? 2. Which is more detrimental to a firm, pricing your product or service too high, or pricing your product or service too low? 3. Discuss the role of demographics ...

Question imagine that you are in the market for a new

Question: Imagine that you are in the market for a new career. How can the marketing research process apply to your career search? Think of a specific topic you need to learn more about that relates to your career as a o ...

Question strategic marketing planintroductionthis

Question: STRATEGIC MARKETING PLAN INTRODUCTION This assignment entails development of a comprehensive strategic marketing plan for a new product or service that is ready to "go to market". A Project Template is provided ...

Qestion ready set strive gen z is comingby janet adamy

Question: Ready, Set, Strive : Gen Z Is Coming By Janet Adamy | Sep 07, 2018 TOPICS: Consumer Behavior, External Marketing Environment, Targeting SUMMARY: About 17 million members of Generation Z are now adults and start ...

Question in your marketing plan you should1establish a

Question: In your Marketing Plan, you should: 1. Establish a Mission Statement and a Vision Statement for your new organization. 2. Briefly describe basic services it has been providing during the first six months of ope ...

Question 1review the terminal course objectives accessed by

Question: 1. Review the Terminal Course Objectives, accessed by clicking on the "Course Information" tab at the top of your screen, scrolling down to the "Course Objectives" and then selecting View class objectives. How ...

Question read the worddoc first and answer those following

Question: Read the word.doc first and answer those following question 1. Provide a list of at least five pieces of information that airlines have about their customers, and for each, explain how that information might he ...

In this unit you are asked to produce a public relations

In this unit you are asked to produce a Public Relations Campaign Proposal document and an essay that explains the theory behind your planned approach to the Proposal task. You may base your assessment on the suggested s ...

Question 1200 words on your favorite retailer and their

Question: 1200 words on your favorite retailer and their major competitor as discussed in class. This should focus on the different elements that make up the retail strategy of the companies and other factors that appeal ...

Question bulltype of paper assignmentbullsubject

Question: • Type of paper Assignment • Subject Other • Number of pages 1 • Format of citation Other • Number of cited resource s0 • Type of service Writing from scratch First, choose a piece of art from any genre (music, ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As