A Disadvantage of the Triple Bottom Line Approach Is

question 31

Multiple Choice

A disadvantage of the Triple Bottom Line approach is:

• A)not satisfying enough of stakeholders
• B)a lack of transparency
• C)a lack of flexibility
• D)no measurement standards

---

Definitions:

Barriers to Entry

Economic, procedural, regulatory, or technological factors that obstruct or restrict the ability of new competitors to enter and compete in an industry.

Price Takers

Economic agents in a market who accept the prevailing market price as given because they have no power to influence it.

Differentiated Product

A differentiated product is one that is distinct from similar products on the market through unique features, branding, or quality, enabling companies to target specific market segments.

Perfectly Competitive

A market structure where many firms sell identical products, entry and exit are easy, and no single buyer or seller has market power.