COB1-Unit1

The concept is that businesses have a responsibility to positively impact society and the environment beyond maximizing profits.

• Sustainable Development

• Social Responsibility

• Risk Management

• Ethical Practice

The portion or percentage of a market that a business or product controls or holds.

• Competitive Advantage

• Market Share

• Customer Satisfaction

• Value Proposition

The process of conducting business in a way that considers long-term environmental, social, and economic impacts.

• Economic Growth

• Social Responsibility

• Innovation Progress

• Sustainable Development

To stay ahead of rivals, businesses often seek to establish a Competitive __________.

What term is used to describe advancements in new ideas, methods, or technologies?

• Competitive Advantage

• Risk Management

• Innovation Progress

• Social Responsibility

What term describes the effort to minimize potential threats while maximizing opportunities in business operations?

• Market Share

• Innovation Progress

• Risk Management

• Social Responsibility

Legal responsibility for something, especially in terms of debts or obligations, is known as __________.

• Conduct

• Liability

• Disability

• Liabilities

An organization or a business that has its own separate legal and financial existence is called an __________.

• Enterprise

• Sole Proprietorship

• Entity

• Affiliate model

A __________ business is an organization that operates for purposes other than making a profit, often focusing on social, educational, or charitable goals.

To do something or make something happen.

• Entity

• Operate

• Accountability

• Execute