What Is Meant by Social Value

question 50

Multiple Choice

What is meant by social value?

• A)It refers to the simultaneous creation of economic value for a business and social value for the larger community.
• B)It refers to improvements in the noneconomic elements of individual's lives and community well-being.
• C)It refers to the creation of income, wealth, and other economic outcomes for individuals and organizations.
• D)It refers to the ability of an organization to consistently gather resources from key stakeholders.

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Definitions:

Demand for DVDs

The total quantity of DVDs that consumers are willing and able to purchase at a given price level over a specific period of time.

Movie Tickets

Certificates or electronic codes that grant the holder the right to admission for viewing a film at a cinema.

Complementarity

A relationship between two goods where the use of one increases the value or demand for the other.

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, also known as the market-clearing price.