Jim&Jenny Inc., an investment service firm, regularly donates to nonprofit organizations for various social causes and events. This scenario illustrates that the company is fulfilling its Corporate social responsibility.
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Explanation:</u></h3>
A policy that an organisation follows through which it involves in some charitable activities or contributes something to the society in fulfilling its social goal refers to corporate social responsibility. It can be considered as an ethical strategy that is followed by an organization. It was also considered as a mandatory practice by many organisation operating at different levels.
In the example given, the organisation named Jim&Jenny Inc denotes to non profit organisation for many social causes and events. Hence this scenario can be considered as a corporate social responsibility of that firm and hence it is fulfilling it.
Answer:
Date - - - - Acc title - - - - - - - - - - Dr--------Cr
--------------- Cash------------------- 24,000
-----------------common stock - - - - - - - - - -1000
----------------Add. P-in-cap-com - - - - - - 29000
Explanation:
Number of shares = 1000
Price per share = $24
Par value = $1
Cash (number of shares × price per share) 1000 × $24 = $24,000
Common stock (number of shares × par value) = 1000 × $1 = $1000
Add. p-in-cap-com = Additional paid in capital
Answer:
Threat of substitute products and services
Explanation:
In simple words, The threat of alternatives or substitutes can be defined as the problem of existence of several other goods from outside a sector that a consumer might buy. An industry's economic framework is challenged as alternative goods are present that offer a similarly similar match of advantages at a reasonable price.
Thus, from the above we can conclude that the given case depicts threat of substitutes.
Answer:
B. what strategy changes are needed to prepare for the impacts of those driving forces.
Explanation:
Driving force analysis is defined as the process by which managers and businesses identify and account for changes that occurs in the industry.
They influence the structure of the industry and also the competitive behaviour of rival companies.
So driving force analysis will help the manager formulate strategies that will mitigate the effects of these driving forces on the company's performance.
