Question : Case Study 16: Sustainable Business Practices
A group of entrepreneurs established a manufacturing unit that produces biodegradable packaging materials. Their business contributes to reducing environmental pollution and waste. Question:
The entrepreneurs' focus on sustainable business practices aligns with the concept of:
Option 1: Eco-unfriendly business practices
Option 2: Ignoring environmental concerns
Option 3: Sustainable entrepreneurship
Option 4: Excessive resource consumption
Correct Answer: Sustainable entrepreneurship
Solution : The correct answer is (c) Sustainable entrepreneurship
The entrepreneurs' commitment to producing biodegradable packaging materials and contributing to reducing environmental pollution reflects the concept of sustainable entrepreneurship. Sustainable entrepreneurship involves developing and managing businesses in a way that considers environmental, social, and economic sustainability, aiming to create positive impacts on both the business and the broader community.
How does the manufacturing unit contribute to sustainable business practices?
Option 1: By increasing plastic waste
Option 2: By promoting the use of non-biodegradable materials
Option 3: By producing biodegradable packaging materials
Option 4: By outsourcing manufacturing to other countries
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