When a Firm or Business Displays the Better Business Bureau

question 169

Multiple Choice

When a firm or business displays the Better Business Bureau (BBB) Accredited Business logo on its store window or website, it assures consumers that

• A) the company's products comply with current safety standards set by the Consumer Product Safety Commission.
• B) it is a member of a voluntary alliance of companies whose goal is to help maintain fair business practices.
• C) the firm has met the standards for qualification as a green marketing firm.
• D) the firm takes a proactive stance on diversity in the workplace.
• E) the company incorporates sustainable business practices.

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Definitions:

Costs

The expenses incurred in the production or acquisition of goods and services, including both direct and indirect expenditures.

Inelastic Demand

A situation in which the percentage change in quantity demanded of a good is less than the percentage change in price, indicating low sensitivity to price changes.

Tax Burden

The total amount of taxes that individuals, businesses, or other entities are obligated to pay, often expressed as a percentage of income or GDP.

Consumers

Individuals or organizations that use economic goods and services.