In the Context of Corporate Social Responsibility (CSR),which of the Following

question 20

Multiple Choice

In the context of corporate social responsibility (CSR) ,which of the following statements is true of the VRIO (Value,Rarity,Imitability,and Organization) framework?

• A) Resources that are hard to imitate give firms a sustainable competitive advantage.
• B) Corporate social responsibility (CSR)-related resources are always rare.
• C) A firm's participation in social causes adds value to its resources.
• D) Complementary assets,by themselves,may enable a firm to fully utilize its CSR potential.

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Definitions:

Producer's Surplus

The difference between what producers are willing to accept for a good or service and what they actually receive.

Marginal Cost Curve

A graph showing the change in total production cost that comes from making or producing one additional unit.

Competitive Firm

A company operating in a market where it has little to no market power, and thus sets its prices based on the market conditions.

Variable Factors

In economics, these are inputs or resources whose quantity can be changed in the short term to adjust the level of output.