Companies Use Environmental Management When They Implement Strategies That Attempt

question 54

True/False

Companies use environmental management when they implement strategies that attempt to shape the external environment within which they operate.

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Definitions:

Nonrival

A characteristic of a good or service indicating that one person's consumption does not diminish the availability of that good for consumption by others.

Market Economy

An economy in which decisions about production and consumption are made by individual producers and consumers.

Public Goods

Items that cannot be restricted to non-payers and whose consumption by one individual does not diminish availability to others; these are accessible to all, regardless of payment.

Positive Externalities

External benefits.