Utilize the Knowledge You Have Gained to Respond to the Following

question 65

Essay

Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
-Research Aramark's community involvement program at http://Aramark.com/. Describe the firm's view of social responsibility and community involvement. In what ways do they contribute?What has been the result of their efforts? Have they been recognized?

---

Definitions:

Inelastic

Describing demand or supply that is relatively unresponsive to changes in price, meaning the quantity demanded or supplied changes by a smaller percentage than the change in price.

Output Level

The quantity of goods or services produced by a business or economy during a specific period.

Revenue Curves

Graphical representations that show how a firm's revenue changes in response to changes in price, holding other factors constant.

Total Revenue

The overall amount of money earned by a company from the sale of its goods or services, calculated as the price per unit times the number of units sold.