Sustainability Can Give Firms a Competitive Advantage in All of the Following

question 24

Multiple Choice

Sustainability can give firms a competitive advantage in all of the following ways except?

• A) Lower costs
• B) Product design elements desired by customers
• C) Increased product returns
• D) Better productivity

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Definitions:

Economic Efficiency

A level of performance in which no more goods or services can be produced without increasing the amount of inputs or resources used, indicating an optimal allocation of resources.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be consumed by many people at once without depleting the supply.

Paired-Choice Voting

A voting system in which voters choose between pairs of candidates or options in a series of rounds to identify a preferred option or candidate.

Society's Preferences

The collective desires, priorities, and tastes of a community or society, influencing consumption and production.