________ is the practice of adopting policies and developing strategies that both sustain the environment and produce profits for the company ?
Correct answer: B. Environmental sustainability
- A. Environmentalism
- B. Environmental sustainability
- C. Consumerism
- D. Consumer accountability
Explanation
Environmental sustainability means operating in ways that protect environmental resources while remaining economically profitable. Environmentalism is the broader concern for environmental protection and does not necessarily include the profit requirement.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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