Grimshaw V

question 75

True/False

Grimshaw v.Ford Motor Company is often cited as a failing of the management's hand approach to corporate social responsibility.

---

Definitions:

Patent Rights

Legal protections granted to inventors that give them exclusive rights to make, use, sell, and distribute their inventions for a certain period of time.

Inelastic Demand

A scenario where the product's demand remains largely unaffected despite variations in its price.

Licensing

A requirement that one obtain permission from the government in order to perform certain business activities or work in various occupations.

Essential Resource

A fundamental input or asset that is necessary for the production processes or for sustaining life and economic activities.