What is the significance of the product lifecycle in lifecycle pricing for companies that promote CSR?

Csr in the corporate marketplace – apa – 4 pages – no negotiation on

Companies that are committed to Corporate Social Responsibility (CSR) must consider the product’s entire lifecycle. In order to avoid any harm to the environment or society, pricing must be considered throughout the product lifecycle. To illustrate, companies that produce products made from toxic substances should set their prices accordingly and discourage customers from buying them. Companies should be mindful of the impact their pricing has on workers and ensure they are paid fair wages. Companies can make sure they adhere to CSR principles and still remain profitable by understanding how pricing affects people as well as the environment.

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