Question

Sword and Plough hires army veterans to recycle surplus military materials such as parachutes, sleeping bags, and tents, into fashionable bags and accessories. It donates 10% of its profits to veteran organizations. Sword and Plough is an example of ______.

Answer 1

Answer:

Social consequence entrepreneurship

Explanation:

A social consequence entrepreneurship refers to a kind of business which aims at profit making at the same time driven by the motive of creating a positive social impact.

These refer to those ventures created with an object of tackling and overcoming social issues and at the same time create a positive social change.

These could be both profit making or not for profit organizations, though the majority of them belong to the latter category.

In the given case, Sword and Plough hire army veterans to create products and donates ten percent of the profits it earns to veteran organizations. Thus, the company aims at making profits and at the same time serve and benefit a particular segment of customers. Thus, this is an example of Social consequence entrepreneurship.