An Example of a Philanthropic Organization Is

question 25

Multiple Choice

An example of a philanthropic organization is:

• A) International Red Cross
• B) Carnegie Foundation
• C) Nestlé
• D) Johnson & Johnson

Identify the elements that constitute the specific and general environments of an organization.

Understand the effects of technological conditions on organizational environments.

Recognize the process and importance of innovation in achieving competitive advantage.

Comprehend the concept of value creation for various stakeholders by businesses.

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Definitions:

Efficiency

The ability to accomplish a task or produce a desired outcome with minimum waste of time, effort, or resources.

Social Value Proposition

A business or organizational strategy that emphasizes creating and maximizing positive social impact alongside financial success.

Trickle-Down Economics

An economic theory that suggests benefits provided to the wealthy or large businesses will in turn benefit smaller businesses and consumers through improved economic activity.

Microfinance

Financial services, such as loans, savings, insurance, and training, provided to small business owners and entrepreneurs in developing countries who do not have access to traditional banking services.