Refer to the Scenario Below to Answer the Following Questions

question 60

Multiple Choice

Refer to the scenario below to answer the following questions
The Environmental Study (Scenario)
You have just been challenged by your supervisor to study and report your findings on approaches that organizations use when dealing with the environment and when pursuing the goal of going green. Your boss tells you to study the four major approaches, differentiate among them, and report to him in a week.
-What approach deals with an organization responding to the environment because of the preferences of its customers?

• A) stakeholder approach
• B) market approach
• C) legal approach
• D) activist approach
• E) social obligation approach

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Definitions:

Market Segment

A subgroup of a larger market, defined by distinct characteristics, needs, or behaviors, that is targeted with specific marketing efforts.

Accessible

The quality of being easy to approach, reach, enter, or use for people with disabilities or others.

Market Segments

Distinct groups of potential customers with similar needs, desires, and characteristics that a company targets with tailored marketing strategies.

Urban Fashions

Clothing styles that emerge from urban cultures and lifestyles, often reflecting the dynamic and diverse aspects of city life.