Here is an interesting issue as quoted
below:
Many
companies hope consumers will pay a premium for products made with higher
ethical standards. But most companies plunge in without testing that assumption
or some other crucial questions. Will buyers actually reward good corporate
behavior by paying more for products -- and will they punish irresponsible
behavior by paying less? If so, how much? And just how far does a company
really need to go to win people over?
To
find out, we conducted a series of experiments. We showed consumers the same
products -- coffee and T-shirts -- but told one group the items had been made
using high ethical standards and another group that low standards had been
used. A control group got no information.
Read
more about this at:
http://online.wsj.com/article/SB121018735490274425.html?mod=2_1573_topbox
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