An Organization Is Said to Adopt the Market Approach to Going

question 89

True/False

An organization is said to adopt the market approach to going green when it responds to the environmental demands made by its stakeholders.

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Definitions:

Nonprofit Organizations

Entities that operate for a collective, public or social benefit, rather than to generate profits for owners or investors.

Environmental Scanning

A process used by companies to monitor their external and internal environments to detect early signs of opportunities and threats that may influence future strategies.

Market Opportunities

Identifiable segments within a market where a company can focus its efforts to offer a product or service that meets a need, often through competitive advantage.

Recession

A phase of brief economic downturn characterized by decreased trade and manufacturing activity, typically recognized by a drop in Gross Domestic Product for two consecutive quarters.