The type of strategy the enterprises uses to earn a reputation for reliability, customer service, and a reliable product is corporate reputation.
This is a strategy that corresponds to the level of trust that a company develops in the market for its stakeholders, determined by its past actions to build a reputation that will also support its future actions.
A company with a good reputation in the market is more likely to generate greater loyalty from suppliers and customers, achieving greater competitiveness and profitability in the business.
To build corporate reputation it is necessary that organizational processes are based on:
- Credibility
- Responsibility
- Honesty
- Quality
- Safety
- Reliability
Corporate reputation creates value for a company through its products and services, and is essential for a company to be successful in the competitive business environment.
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Answer:
Production of solar panels
Explanation:
In as much as solar panel is a good source of clean and renewable energy , the production processes of solar panels pose a threat to the natural environment.
A major environmental hazard related to the production of solar panel is the emission of greenhouse gas , just as it is in every other production process.
So also , a large no of space is required for the production which can birth environmental degradation and loss of habitat
Answer: Option (A) is correct.
Explanation:
Correct option: Leftward; rises
When some of the firms are exited from market because are incurring losses then as a result short run market supply decreases. This is due to the fall in the production level, since some of the firms are not producing anymore.
So, this change in the market supply will shift the market supply curve leftwards.
The market price increases as the market supply decreases.
This is true. The law of opportunity cost says that because some resources are better suited to producing one good or service than another, as the production of a good or a service increases, the cost of each additional unit rises.
<h3>What is the law of opportunity cost?</h3>
This is the term that is used to describe the economic principle that tells us that the opportunity costs are increased based on the application of resources.
That is, given that resources are allocated, there would be the opportunity cost of using them for a given purpose or another purpose.
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