Under the Concept of ________, the Organization Does What Is

question 7

Multiple Choice

Under the concept of ________, the organization does what is required by the ________.

• A) social responsibility; competitive market
• B) social responsiveness; government
• C) socioeconomics; environment
• D) social obligation; law

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Definitions:

Liability of Foreignness

The disadvantages or additional costs that firms operating outside their home countries incur, compared to local firms.

Natural Resources

Materials or substances that occur in nature and can be used for economic gain, such as minerals, forests, water, and fertile land.

Liability of Foreignness

The challenges and costs associated with operating in a market outside of a company's home country, including cultural differences and unfamiliar regulatory environments.

Import Tariffs

Taxes imposed by a government on goods and services imported into a country, used to control trade and protect domestic industries.