Answer:
The answer is: Corporate environmental responsibility
Explanation:
Corporate Environmental Responsibility (CER) is usually a part of Corporate Social Responsibility (CSR). It deals with environmental aspects of the corporation´s activities or operations such as:
- Reduce or eliminate waste or emissions.
- Maximize efficiency and productivity of the resources the corporation uses.
- Reduce or eliminate the operations and activities that affect the environment on a negative way.
- Recycling materials and obsolete assets.
- Etc.
In this specific question, the real estate organization is reducing its negative impact on the land by preserving trees.
Internal data is from within the company, like operations and sales figures. External data comes from looking at the market, such as consumer trends, and marketing research. It is important to consider external data because it gives companies a better picture of their customers and competitors.
The economic principle of substitution says that when there are two houses in the same neighborhood with the same size, appeal, and utility, the lower-priced one will tend to sell first.
<h3>The economic principle of substitution</h3>
- According to the principle of substitution, the cost of purchasing a substitute that is just as desired tends to establish the upper limit of value, assuming no inopportune delays.
- A shrewd investor would not spend more on an asset that generates income than it would cost to construct or buy an asset of a similar nature.
- According to this theory, the cost of acquiring a comparable substitute property with the same use, design, and revenue determine the maximum value of a property in most cases.
- For instance, why would somebody pay $1,000,000 for a home when they could pay $750,000 for a different but as appealing home in the same neighborhood?
To learn more about the economic principle of substitution refer to:
brainly.com/question/9659517
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