What are the challenges to greater sustainability posed by the tragedy of the commons?
What will be an ideal response?
Answer: The tragedy of the commons is a dilemma arising when the common good does not align perfectly with the good of individual entities. Many actions that improve sustainability of a supply chain impose costs that are local (to an individual, a firm, supply chain or country) but provide common benefits that are more global. In contrast, a disregard for sustainability provides benefits that are local but costs that are shared globally. As a result, it can be difficult to encourage sustainability without some external pressure either in the form of a public mandate or economic incentive.
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One factor that is not considered in determining the useful life of an intangible asset is
a. salvage value. b. provisions for renewal or extension. c. legal life.
Retained customers have been found to:
A) become more critical about the quality of the product over time. B) increase their purchase quantities over time. C) become highly price sensitive over time. D) become more expensive to serve over time.