In Factor, or Input, Markets

question 16

Multiple Choice

In factor, or input, markets

• A) consumers purchase products.
• B) firms supply goods.
• C) firms demand resources.
• D) households demand goods.

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Definitions:

CSR

Corporate Social Responsibility, a business model in which companies integrate social and environmental concerns in their operations and interactions with their stakeholders.

Broader Welfare

A concept referring to the general health, happiness, and well-being of a population or community.

Virtuous Circle

What occurs when socially responsible behaviour improves financial performance, which leads to more responsible behaviour in the future.

CSR

Corporate Social Responsibility, a business model that helps a company be socially accountable to itself, its stakeholders, and the public.