According to Porter and Kramer,the Concept of Shared Value Refers

question 44

Multiple Choice

According to Porter and Kramer,the concept of shared value refers to:

• A) techniques or market-based solutions that are at the center of a business and help the company to gain an advantage over its competitors.
• B) policies and practices that focus mainly on creation of goods and services for profit by privately owned businesses.
• C) policies and operating practices that enhance the competitiveness of the company while simultaneously advancing the economic and social conditions in the communities in which it operates.
• D) techniques or market-based solutions that help in balancing the world's energy needs and environmental integrity.

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Definitions:

Act of Court

A formal decision, order, or judgment handed down by a court of law.

Operation of Law

Changes in legal rights or status that occur automatically due to established legal rules, without the need for action by the parties involved.

Limited Liability

A legal structure for businesses where owners' personal financial liability is restricted to the amount they have invested in the company.

Certificate of Limited Partnership

A legal document filed with a state government to establish the existence of a limited partnership.