Which of the Following Statements About Sustainable Development Is Most

question 158

Multiple Choice

Which of the following statements about sustainable development is most accurate?

• A) A company that always makes its furniture from rare tropical woods is practicing sustainable development.
• B) At this point in time, sustainable development is a luxury that only large international companies can achieve.
• C) Sustainable development is achieved when a firm's sales growth rate increases an average of 1-2% per year for a period of at least five years.
• D) A company that uses overseas child laborers to manufacturer its products to reduce costs does not practice sustainable development.
• E) Unfortunately, only a small number of consumers care whether a company practices sustainable development.

---

Definitions:

Normal Profit

The minimum level of profit needed for a company to remain competitive in the market, essentially covering opportunity costs.

Nonprice Competition

Strategies used by companies to attract customers through methods other than lowering prices, such as quality improvement, service, or branding.

Product Differentiation

The practice of individualizing a product or service in the marketplace to make it more enticing to a targeted audience.

Monopolistically Competitive

Refers to a market structure where many firms sell similar but not identical products, allowing for some degree of market power and product differentiation.