According to the Free Market View,which of the Following Is

question 34

Multiple Choice

According to the free market view,which of the following is considered the best measure of social responsibility?

• A)Profit maximization
• B)Long-term company interest
• C)Triple bottom line/sustainability
• D)Social and environmental performance

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Definitions:

Trade Restrictions

Measures imposed by governments to regulate international trade, including tariffs, quotas, embargoes, and other forms of trade barriers, aimed at protecting domestic industries.

Dumping

Selling products in a foreign market at a price below the cost to produce them, often considered a form of predatory pricing.

Cream Skimming

The practice of selectively choosing the best or most profitable customers, clients, or opportunities, often leaving less desirable ones for others.

Import Substitution

A development strategy that emphasizes domestic manufacturing of products that were imported.