Converting Socially Responsible Ideas into Actions Involves Careful Planning and Monitoring

question 199

Multiple Choice

Converting socially responsible ideas into actions involves careful planning and monitoring of programs. Many companies develop, implement, and evaluate their social responsibility efforts by means of

• A)a social audit.
• B)a financial audit.
• C)an action plan.
• D)a tactical plan.
• E)a research plan.

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Definitions:

Competitor

An individual or company in the same industry or market that sells or provides similar products or services, thereby engaging in competition.

Concentration Ratio

The percentage share of industry sales by the four leading firms.

Industry's Concentration

A measure of the extent to which market share is dominated by a few large companies within a particular industry.

Price Discrimination

Occurs when a seller charges two or more prices for the same good or service.