Name: Xiaofeng Guan P57 Questions 1. The “Fair Trade” logo on food products indicates that the farmers at the company received a “fair wage” for their work through the higher prices that are charged for the product. Thus, fair trade is an ethical issue. Fair trade has some competitive advantages. First, product with the “Fair Trade” logo has a higher price. Second, the farmers are allowed to deal directly with the wholesaler, eliminating as many as five different intermediaries that could include…
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