When Faced with a Supplier Who Uses Unsafe Working Conditions

question 15

Multiple Choice

When faced with a supplier who uses unsafe working conditions, a socially responsible alternative is to

• A)quit working with the supplier.
• B)impose a price cut on the supplier.
• C)begin a boycott against the supplier.
• D)work with the supplier to improve working conditions.

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Definitions:

Short Run

A period in which at least one factor of production is fixed, and only the variable factors can be adjusted by firms to influence output.

Innovation

The process of developing new ideas, products, or methods that improve upon existing standards or create novel solutions.

Invention

The creation of a new product, process, or idea that previously did not exist.

Diffusion

The process through which innovations, cultural practices, ideas, or technologies spread within and across societies.