A Criticism of the Triple Bottom-Line (3BL) Approach Is That

question 83

Multiple Choice

A criticism of the triple bottom-line (3BL) approach is that _____.

• A)it does not take a holistic view of what constitutes sustainability for a company
• B)it has a narrow view of what constitutes profit for a company
• C)there is a higher focus on financial goals rather than on social and environmental goals
• D)there is no record or real evidence on how it can be measured

---

Definitions:

Low Barriers To Entry

Conditions that allow for easy entry into a market by new competitors, often leading to increased competition.

Competitive Market Economy

A market structure in which companies operate in a competitive environment with little to no government oversight, and where price levels are set by the forces of supply and demand, guiding the distribution of resources via the pricing mechanism.

New Products

Items that have been recently introduced to the marketplace, offering new features or technologies.

Entrepreneurs

Innovative individuals who start and run businesses, often taking on financial risks in the hope of profit, and playing a key role in economic development.