Ben & Jerry's Is Recognized for Being a Socially Conscious

question 164

Multiple Choice

Ben & Jerry's is recognized for being a socially conscious trendsetter. As a socially responsible company, what is this maker of high-quality ice cream most likely to focus on?

• A) putting the needs of other stakeholders above the needs of the owners and employees of the company
• B) providing its ice cream at the lowest possible price
• C) partnering with non-dairy manufacturers
• D) finding the proper balance between earning profits and meeting responsibilities to other stakeholders

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Definitions:

Market Diversification

The strategy of entering into new markets or creating new products to reduce reliance on a single market or product line.

Synergy

The combined effect of two or more individuals, entities, or factors that is greater than the sum of their separate effects.

Indemnity

A contractual obligation of one party to compensate the loss incurred by the other party due to the acts of the indemnitor or other specified causes.

Reciprocity

Refers to a mutual exchange of privileges or benefits between two parties, where each party offers something in return for what is received, often seen in trade agreements.