As Noted in Chapter 5,BMW Anticipated the Need to Recycle

question 105

Multiple Choice

As noted in Chapter 5,BMW anticipated the need to recycle its automobile parts due to potential industry regulation.It redesigned its manufacturing processes to include quick disassembly and reuse of car components.In addition,BMW sells the used parts in the after-sales market.This is an example of how the triple-bottom-line framework:

• A) Adds more layers of bureaucracy to a firm.
• B) Streamlines processes of the firm.
• C) Shortens product life cycles.
• D) Improves a firm's social and ecological responsibility.

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Definitions:

Overhead Costs

General business expenses not directly attributable to creating products or services.

Departments

Distinct areas within an organization, each focusing on a specific aspect of the business operation, such as finance, marketing, or human resources.

Products

Goods or services offered by a business to the market.

Product Costs

The costs incurred by a company to manufacture or acquire a product which include materials, labor, and overhead.