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Explain What Is Meant by "Sustainable Business Practices" and Using

question 101

Essay

Explain what is meant by "sustainable business practices" and using that explanation, provide three examples of companies that pursue sustainability strategies.


Definitions:

General Cost

A type of expense that is not directly tied to production or operations but is necessary for overall business function, like utilities or rent.

Prime Costs

The combined costs of direct materials and direct labor that are directly attributable to the manufacturing process.

Direct Materials

Materials that are directly consumed in the production of a product and are easily traceable to it.

Cost of Goods Sold

The immediate expenses related to the creation of products sold by a business, which include costs for materials and labor.

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