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Using the Four Approaches to How to Be Socially Responsible

question 72

Essay

Using the four approaches to how to be socially responsible, provide an example of a real company to differentiate among them.


Definitions:

Average Total Cost Curve

A graph that represents the total cost of production (fixed and variable costs combined) divided by the quantity of output produced, at various levels of output.

Diffusion

The spread of an innovation through its widespread imitation.

Inventions

Original creations or discoveries that offer new technical solutions or enhance existing ones.

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