Societal Responsibility Refers to

question 130

Multiple Choice

Societal responsibility refers to

• A)the obligation that organizations have to (1)the preservation of the ecological environment and (2)the general public.
• B)the obligation of a firm to price its products or services at a level whereby the consumer is treated fairly and the firm is still able to make a profit.
• C)the view that an organization has an obligation to those who can affect the achievement of its objectives.
• D)the duty of a firm to maximize profits for its owners or stockholders.
• E)the idea that organizations are part of a larger society and are accountable to that society for their actions.

Grasp the concept and importance of supply chain flows (material, information, and financial).

Understand the strategic approaches companies like Zara use to gain competitive advantage in fast fashion.

Realize the significance of forecasting in supply chain management and its impact on the choice of supply chain model.

Appreciate the complexities and capabilities offered by modern supply chain management systems (SCM).

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Definitions:

Team Success

The achievement of a group's objectives or goals, often measured by factors such as performance, collaboration, and the attainment of desired outcomes.

Member Similarity

The degree to which individuals in a group or team share common characteristics, values, or experiences, which can affect group cohesion and dynamics.

Team Size

Refers to the number of individuals that make up a team, which can influence the team's effectiveness and interaction dynamics.

Team Cohesiveness

The extent to which team members are attracted to the team and motivated to remain part of it.