Local Responsiveness Can Help Firms Be Successful in Addressing the Local

question 33

True/False

Local responsiveness can help firms be successful in addressing the local needs of nondomestic customers, thereby increasing demand for a firm's current products or services.

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Definitions:

Corporate Social Responsibility

A business practice that involves participating in initiatives that benefit society.

Corporate Sustainability

Corporate sustainability involves practices and strategies businesses embrace to operate responsibly, minimizing their environmental footprint while ensuring economic and social sustainability.

Limited Partnership

A partnership comprised of one or more general partners who manage the business and are personally liable, and one or more limited partners who are liable only to the extent of their investments.

Limited Partners

Investors in a partnership who are not involved in daily business operations and whose liability is limited to the amount of their investment.