_____ Refers to a Company's Strategy to React to Stakeholders

question 62

Multiple Choice

_____ refers to a company's strategy to react to stakeholders' economic, legal, ethical, or discretionary expectations concerning social responsibility.

• A) Social responsiveness
• B) Social awareness
• C) Social loafing
• D) Social engineering

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Definitions:

Potential Investors

Individuals or entities potentially interested in contributing capital to a business venture in exchange for prospective financial returns.

Early Adopters

Individuals or organizations that start using a new technology or product shortly after it is launched, before the majority of people do.

Bowling Pin Strategy

A business approach where success with one target market or product leads to subsequent success with additional markets or products, akin to knocking down a series of pins.

Beachhead Strategy

A strategy in which a company focuses efforts and resources on capturing and dominating a small market segment before expanding to larger markets.