Which of the Following Scenarios Is an Example of a Market

question 46

Multiple Choice

Which of the following scenarios is an example of a market approach by organizations?

• A)A retail store collaborates with its suppliers to promote eco-friendly products.
• B)A chemical plant meets the minimum safety requirements dictated by legislations.
• C)A metal processing industry deposits all the scrap metal on a nearby empty land.
• D)A restaurant using biodegradable food packaging on the insistence of its customers.

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Definitions:

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet.

Credit

An arrangement whereby goods, services, or money is received in exchange for a promise to pay back a definite sum of money at a future date.

Supplies

Items used in the operations of a business, often consumable, such as office supplies or factory supplies, not directly part of the finished product.

Notes Payable

A financial obligation represented by a written promise to pay a certain amount of money at a future date or dates, typically carrying interest.