Asked by Shannon Flynn on Jul 18, 2024
Verified
KetMart, a retailing corporation, aims to be sustainable. Which of the following strategies would help KetMart become a sustainable company?
A) Collaborating with suppliers who are willing to make products that are better for the environment
B) Focusing entirely on immediate pay-offs on investments
C) Focusing on quarterly earnings instead of yearly returns on investments
D) Avoiding due diligence while getting in business with other firms to save time and effort
Sustainable Company
A business that operates in a way that is environmentally responsible, economically viable, and socially equitable over the long term.
Quarterly Earnings
A financial report indicating a company's revenue, expenses, and net income over a three-month period.
Due Diligence
The investigation or exercise of care that a reasonable business or person is expected to take before entering into an agreement or transaction with another party.
- Apprehend the strategies designed to secure sustainability in business practices.
- Understand the critical role of partnering with suppliers and collaborators in pursuing sustainable growth.
Verified Answer
SM
Sohaib MasudJul 24, 2024
Final Answer :
A
Explanation :
Collaborating with suppliers who are willing to make products that are better for the environment is a strategy that aligns with sustainability goals. It ensures that the supply chain is eco-friendly, which is crucial for a company aiming to be sustainable. Choices B, C, and D do not support sustainability as they prioritize short-term gains over long-term environmental responsibility.
Learning Objectives
- Apprehend the strategies designed to secure sustainability in business practices.
- Understand the critical role of partnering with suppliers and collaborators in pursuing sustainable growth.