The Initiative into Which GE Has Poured Vast Resources into Developing

question 18

Multiple Choice

The initiative into which GE has poured vast resources into developing energy-efficient and environmentally friendly products and services is called:

• A) Poverty for Profits.
• B) Ecomagination.
• C) The upside down pyramid.
• D) None of the above.

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Definitions:

Economic Profit

The distinction in totality between incomes and costs, inclusive of both transparent and concealed expenses.

Long Run

A period in economics where all factors of production and costs are variable, allowing for full industry adjustment.

Economies of Scale

Economies of Scale refer to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Barriers to Entry

Obstacles that make it difficult for new competitors to enter a market.