Fair Trade After studying Module 1: Lecture Materials & Resources, discuss the following: “Fair trade” goods have become popular, as some people are willing to pay more to know the goods come from

Fair Trade

After studying Module 1: Lecture Materials & Resources, discuss the following:

“Fair trade” goods have become popular, as some people are willing to pay more to know the goods come from workers paid a decent price for their efforts. However, some retailers who sell fair trade goods mark them up substantially more than non-fair trade goods. One study showed that coffee growers got an average of 44 cents a pound more for fair trade coffee, but the coffee at retail was marked up an additional $3.46 per pound. At one supermarket chain, fair trade bananas that cost an extra 3.6 cents per pound were marked up four times the price of non-fair trade bananas. Fair trade goods are claimed to be a form of social responsibility. Is that true if it just means higher profit margins?

Submission Instructions:

Your initial post should be at least 200 words, formatted and cited in current APA style with support from at least 2 academic sources. Your initial post is worth 8 points.
Textbook: Meiners, R. E., Ringleb, A. H., & Edwards, F. L. (2023). The legal environment of business (14th ed.). Cengage Learning.
- Chapter 1 – Today’s Business Environment: Law and Ethics

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