Interacting with the Community in Which a Company Does Business

question 23

Multiple Choice

Interacting with the community in which a company does business in a way that makes money for the company but also improves the long-term well-being of the community is often labeled __________.

• A) ethical management
• B) activist strategy
• C) social sustainability
• D) market strategy
• E) future management

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Definitions:

Management

The process of planning, organizing, leading, and controlling resources and activities to achieve organizational goals effectively and efficiently.

Theory of Comparable Worth

The principle that jobs of equal value to an organization or society should receive equal pay, regardless of the job's nature or who holds it.

Market Researcher

A professional who analyzes market conditions to determine potential sales of a product or service, identifies target demographics, and gauges the competition.

Customer Service Representative

An employee who interacts with customers to handle complaints, process orders, and provide information about products and services.