Learning Goal: I’m working on a business discussion question and need an explanation and answer to help me learn.
When it comes to high end products, there is another important issue, companies destroying unsold products. Many high end brands destroy (sometimes burn) their unsold goods so that they don’t have to reduce the price of goods and reduce the perceived value of the goods. Some governments and companies are taking action against these practices harmful to our environment. What are your suggestions to these companies to maintain the perceived value of their goods without destroying them? What can we do as consumers and individuals to reduce the footprint of these companies?
Please reference the articles in the module.
https://www.bloomberg.com/news/articles/2019-05-15…
https://www.wsj.com/articles/burning-luxury-goods-goes-out-of-style-at-burberry-1536238351?mod=e2fb
https://www.bbc.com/news/business-45430683
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