In the video, “Introducing Yunus Social Business,” what is the most important reason why the bakery in Haiti be considered a social business?Group of answer choicesThe bakery created demand for local crops.The bakery priced their bread so all could afford it.The bakery employed local people.The bakery had received financing from social investors.
Question
In the video, “Introducing Yunus Social Business,” what is the most important reason why the bakery in Haiti be considered a social business?Group of answer choicesThe bakery created demand for local crops.The bakery priced their bread so all could afford it.The bakery employed local people.The bakery had received financing from social investors.
Solution
The video "Introducing Yunus Social Business" isn't provided, so I can't give a specific answer. However, based on the definition of a social business, all the options you provided could be reasons why the bakery in Haiti is considered a social business.
A social business is a company that is cause-driven rather than profit-driven, with the potential to act as a change agent for the world. Here's how each of your options fits into this definition:
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The bakery created demand for local crops: This could help stimulate the local economy and support local farmers, which is a social good.
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The bakery priced their bread so all could afford it: This ensures that even low-income individuals have access to food, which is a social good.
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The bakery employed local people: This helps reduce unemployment and poverty, which is a social good.
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The bakery had received financing from social investors: This means that the bakery is financially supported by individuals or organizations that value its social mission, which is a characteristic of a social business.
Without more context, it's hard to say which of these is the "most important" reason. It could depend on factors like the specific social issues that are most pressing in the bakery's local area, the bakery's mission, the impact of the bakery's actions, etc.
Similar Questions
In the video, “Introducing Yunus Social Business," what was the example company?Group of answer choicesA farm.An auto repair shop.A fruit juice manufacturer.A bakery.
What are the two examples that Yunus gave of social businesses?Group of answer choicesA women's co-op and a taxi company.A healthcare app and a micro-PV company.A yogurt company and a mosquito net company.A clothing company and a private school.
What is the fundamental difference between Muhammad Yunus's social business and typical for-profit businesses?Group of answer choicesVolunteers run the company in order to extend more benefit to the poor.A new legal entity that forces accountability to social impact.Investors only receive repayment of the principal and no profit is ever paid out in a dividend.Products and services are offered to the market at a 'break even' price point.
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