Non-Economic Factors Such as _________ and ________ Are Often the Rewards

question 83

Multiple Choice

Non-economic factors such as _________ and ________ are often the rewards of adopting the triple-bottom-line framework.

• A) Access to raw materials; supplier relationships
• B) Firm reputation; goodwill
• C) Product imitation; substitution
• D) Diversification; localization

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Definitions:

Time Inconsistency

The tendency of individuals to change their plans or preferences over time in ways that they themselves will later regard as being against their own interests.

Myopia

Short-sightedness, in a business context, refers to a focus on short-term results at the expense of long-term interests.

Conceptualizing The Future

The process of envisioning and planning for future trends, changes, and developments in an industry or society.

Myopia

Short-sightedness in planning and decision-making, where immediate benefits are prioritized over long-term gains.