Question : Case Study 7:
ABC Corp. is a manufacturing company that is heavily reliant on fossil fuels for its production processes. Due to increasing concerns about environmental sustainability, the company is facing pressure to adopt eco-friendly practices.
Q:- How can understanding the natural environment benefit ABC Corp. in adopting eco-friendly practices?
Option 1: By reducing its production volume
Option 2: By increasing product prices
Option 3: By adopting renewable energy sources
Option 4: By diversifying into unrelated businesses
Correct Answer: By adopting renewable energy sources
Solution : The correct answer is (C) By adopting renewable energy sources
Understanding the natural environment can benefit ABC Corp. in adopting eco-friendly practices, primarily by helping the company make informed decisions about adopting renewable energy sources. By recognizing the importance of environmental sustainability and the role of natural resources, ABC Corp. can invest in renewable energy technologies and reduce its reliance on fossil fuels, thus making its production processes more eco-friendly.
Question : Case Study 15:
LMN Ltd. is a manufacturing company that is heavily reliant on fossil fuels for its production processes. Due to increasing concerns about environmental sustainability, the company is facing pressure to adopt eco-friendly practices.
Q:- How can understanding the natural environment benefit LMN Ltd. in adopting eco-friendly practices?
Q:- What is the business environment factor affecting ABC Corp. in this case?
Option 1: Economic environment
Option 2: Technological environment
Option 3: Natural environment
Option 4: Political environment
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