Discuss common problems related to private causes of action with reference to the environment
These problems include the high costs of private litigation and the difficulty proving who is causing the damage. Tort actions generally do not provide relief for aesthetic, as opposed to physical, injury. Tort actions do not always provide relief which would stop the continuing injury since the remedy may only be for money damages.
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Which of the following is true of operations-oriented pricing?
a. It involves maintaining a fixed price for a product or a service throughout the year. b. It focuses on maximizing the surplus of income over costs. c. It seeks to match supply and demand by varying prices. d. It tries to maximize the number of customers using a service by improving its quality.
What are the three types of innovation? Give an example of each.
What will be an ideal response?
To test the merits of a firm's strategy and distinguish it as a winning strategy, which major question needs to be addressed?
A. Is the strategy resulting in the development of additional competitive capabilities? B. Does the strategy strike a good balance between maximizing shareholder wealth and maximizing customer satisfaction? C. Is the company's strategy ethical and socially responsible, and does it put enough emphasis on good product quality and good customer service? D. Is the strategy helping the company achieve a sustainable competitive advantage, and is it resulting in better company performance? E. Is the company putting too little emphasis on growth and profitability and too much emphasis on behaving in an ethical and socially responsible manner?
As an alternative to demutualizing, Big Mutual Insurance Company reorganized itself into a corporate form that can directly or indirectly own a stock insurance company. This form of organization is called a(n)
A) holding company. B) shell company. C) upstream company. D) downstream company.