Green Marketing
To be most successful, a commitment to sustainability should be part of the company’s overall vision and an integral part of the company’s values and fundamental beliefs. A marketing plan is derived from the company’s vision and integrates an organization’s overall goals and marketing objectives and strategies into a cohesive plan, typically on an annual basis. The green marketing plan focuses on the ideal marketing mix to achieve maximum profit potential while adhering to sustainability principles.
Green market products are previously owned products that have been previously used and put back into productive use these products are often repaired, refurbished, and recycled by brokers resellers or the original manufacturer. They are suitable for resale to customers as a lower-cost alternative to buying new goods.
The Gray market
In the late 1980s, manufacturers labeled the resold products as gray market there is nothing illegal about buying gray market products. In fact, the US Supreme Court has upheld that gray market products are legal for resale in the United States regardless of where they were produced or originally sold. The term gray market was chosen because of its similarity to the old term black market which refers to stolen and illegal products.
Putting green market products into productive use or using the parts from green market products for repair is very cost effective and environmentally responsible. Replacing broken products with newer products has a negative effect on the environment and has been recognized as ecologically hazardous.
Electronic equipment is made up of many precious materials including highly refined glass, gold, aluminum, silver, polymers, copper, brass, and more. Electronic recycling companies have the ability to store disassemble separate and transport these materials to companies for reuse and manufacturing this is an environmentally better solution than dumping the used products. In landfills, such dumping may pollute soil and water was dangerous and non biodegradable waste.