Population Trends That Change the Composition of Consumer Markets and the Workforce

question 77

Multiple Choice

Population trends that change the composition of consumer markets and the workforce are a part of a company's ________ environment.

• A) economic
• B) regulatory
• C) cultural
• D) social
• E) political

---

Definitions:

Corporate Social Responsibility

Business practices involving initiatives that benefit society, including sustainability efforts, ethical production, and community engagement.

Economic Responsibility

The obligation of an individual or organization to act in ways that are financially viable and in the best interest of the economic health of society.

Chit Fund

A type of rotating savings and credit association system practiced in India, where a group of people contribute to a common fund and bid to use the accumulated sum.

Corporate Social Responsibility

A business model that involves practices that benefit society and the environment beyond what is legally required.