Consumer Rights and Business Ethics Quiz

Consumer Feedback and Social Responsibilities

• Businesses should actively seek and effectively respond to consumer feedback as it shapes product improvement and service enhancement, thus showcasing accountability and engagement.
• Understanding and integrating consumer feedback fosters loyalty and trust while reflecting a commitment to ethical practices.

Key Aspect of Social Responsibilities Towards Consumers

• One critical aspect involves ensuring product safety and quality, prioritizing consumer welfare and maintaining transparency in communications and business practices.

Ethical Approach to Advertising and Marketing

• Ethical advertising must avoid deception and ensure honesty, providing consumers with clear and truthful information to make informed purchasing decisions.
• Marketing strategies should prioritize respect for the consumer’s intelligence and autonomy, avoiding manipulative tactics.

Corning's Expansion of Manufacturing Capacity

• The primary reason for Corning's expansion in optical cable manufacturing is to meet the growing demand for high-speed internet infrastructure, propelled by increased digital connectivity needs.

Expected Impact of New Facility in Arizona

• The new manufacturing facility in Arizona is anticipated to create over 1,000 jobs, contributing to local employment and economic growth.

Total Investment by Corning in Fiber and Cable Manufacturing

• Since 2020, Corning has made a total investment exceeding $1 billion in its fiber and cable manufacturing operations, reflecting a strong commitment to expanding its capabilities.

Corning's Position in the Optical Communications Industry

• Corning solidifies its role as a leader in the optical communications industry, recognized for its innovative solutions and extensive product offerings.

Growth Drivers for Fiber-Based Networks

• The multi-year growth wave for fiber-based networks is driven by increased demand for bandwidth from industries such as telecommunications, data centers, and smart city developments, necessitating robust infrastructure advancements.