Changes in the Ethnic Composition of a Target Market Would

question 55

Multiple Choice

Changes in the ethnic composition of a target market would be assessed as part of a firm's ____________ environment.

• A)Natural
• B)Social and cultural
• C)Economic
• D)Technological

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Definitions:

Corporate Social Responsibility

An approach by companies to conduct their business in an ethical way, taking into account their impact on society, the economy, and the environment.

CSR Capital Investments

Spending by businesses on projects that improve society or the environment, in addition to seeking financial returns.

Performance Measurement System

A set of metrics used to evaluate and analyze an organization's effectiveness, efficiency, and performance in achieving its objectives.

Strategic Performance Measurement System

A strategic performance measurement system is a framework that organizations use to systematically track, monitor, and evaluate their performance against strategic goals and objectives.