Asked by Joana Cabrera on Jun 25, 2024
Verified
The executives of Dunes Inc. pay equal attention toward maximizing profits of the firm, maintaining the well-being of its employees, satisfying its customers, and preserving the environment. This indicates that Dunes Inc. uses the triple bottom line approach.
Triple Bottom Line Approach
A business strategy focusing on social, environmental, and financial success simultaneously.
Maximizing Profits
The process of increasing the difference between the revenue generated and the costs incurred by a business.
- Identify the critical role of a business model that integrates considerations of the environment, society, and economy.
Verified Answer
MS
Maria SamaniegoJul 01, 2024
Final Answer :
True
Explanation :
The triple bottom line approach focuses on considering social, environmental, and financial factors equally important for the success and sustainability of a business. Therefore, if Dunes Inc. pays equal attention to maximizing profits, maintaining employee well-being, customer satisfaction, and preserving the environment, it indicates that they use the triple bottom line approach.
Learning Objectives
- Identify the critical role of a business model that integrates considerations of the environment, society, and economy.
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