A firm sets up a paper-manufacturing factory in a country which has very strict regulations regarding disposal of industrial waste. This increases the cost of production of the firm. This is an example of the social environment of the firm
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Every business operates within the broad social environment. Social environment refers to the trends and forces in society at large.
Business
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Which of the following best relates to prioritizing stakeholders?
A. Customers are not considered high-priority stakeholders. B. Corporations need to maintain initial priority of stakeholders. C. Customers are considered high-priority stakeholders. D. Corporations need to manage expectations of customers.
Business
A one-price policy does not allow _____
a. markdowns and/or markups b. employee discounts c. quantity discounts d. bargaining
Business