What are the challenges to greater sustainability posed by the tragedy of the commons?
What will be an ideal response?
Answer: The tragedy of the commons is a dilemma arising when the common good does not align perfectly with the good of individual entities. Many actions that improve sustainability of a supply chain impose costs that are local (to an individual, a firm, supply chain or country) but provide common benefits that are more global. In contrast, a disregard for sustainability provides benefits that are local but costs that are shared globally. As a result, it can be difficult to encourage sustainability without some external pressure either in the form of a public mandate or economic incentive.
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Operating activities are transactions and events associated with selling a product or providing a service related to
a. the revenues and expenses reported on the income statements. b. the assets and liabilities reported on the balance sheet. c. the net income reported on the statement of retained earnings. d. the retained earnings reported on the balance sheet.
When we “forget” the stimulus that has disturbed us by denying its existence, we are employing which defensive strategy?
A. repression B. rationalization C. displacement D. counterfeit relationship
________ is the process by which firms interact one-to-one with masses of customers to design products and services tailor-made to individual needs
A) Product diversification B) Micromarketing C) Mass customization D) Differentiated marketing E) Local marketing
In consultative sales, the customer's primary focus is a trustworthy:
A) product B) salesperson C) organization D) culture E) industry