How Can Society Ensure That a Firm Adapts to Its

question 59

Multiple Choice

How can society ensure that a firm adapts to its values and expectations?

• A)Through pressure from consumers, employees, shareholders and financiers
• B)Presently, sufficient numbers of consumers, employees etc do not act in concert - so the only sure way is if the government passes legislation
• C)Through pressure from the media
• D)Through sustained demonstrations and rallies

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Definitions:

Total Collection Time

The average period it takes for a business to receive payments owed by its customers.

Debit Card Transactions

Electronic fund transfers initiated by using a debit card, allowing the cardholder to withdraw cash or make purchases directly from their bank account.

Total Collection Time

The complete duration taken to collect payments owed by customers after a sale has been made.

Billing Electronically

The process of sending bills or invoices to customers through electronic means, such as email or online platforms, rather than paper mail.