SCIENCE
ENVIRONMENTAL SCIENCES
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
marginal product
|
|
non-market value
|
|
ECO-LABELING
|
|
None of the above
|
Detailed explanation-1: -Ecolabels are marks placed on product packaging or in e-catalogs that can help consumers and institutional purchasers quickly and easily identify those products that meet specific environmental performance criteria and are therefore deemed “environmentally preferable”.
Detailed explanation-2: -What this means is that as consumers, eco-labels guide our purchasing decisions by providing information about the ‘world’ behind the product. For businesses, eco-labels are a means of measuring performance and also communicating and marketing the environmental credentials of a given product.
Detailed explanation-3: -The results proved that eco-labels did influence consumers’ buying behavior. Eco-label help consumers to make their decision faster, distinguish those products that they want to buy from the other ordinary products.
Detailed explanation-4: -Examples of eco-labels include the Japanese Eco Mark, International Energy Star, USA Green Seal and UK BREEAM. Eco-labels differ from green symbols and environmental claims in that the latter are unverified and created by the manufacture or service provider.