Examine the diagram.What is it explaining?(1 Point)Methods that supermarkets can use to gain a competitive advantage.Methods that supermarkets can use to demonstrate Corporate Social Responsibility [CSR].Methods that supermarkets can use to trick consumers.Methods that supermarkets can use to think of new ideas.

Methods that supermarkets can use to demonstrate Corporate Social Responsibility [CSR].

8 Explain how government might use legislation to overcome market failure. (6 marks)9 Explain how the price elasticity of demand of a good influences the extent towhich a specific tax changes the price and quantity bought of that good. (8 marks)10 Explain, with the help of a diagram, how a government might use indirecttaxation to overcome market failure. (9 marks)11 Explain, with the help of a diagram, how a government might use minimumpricing to overcome market failure. (9 marks)

In the ‘Selling CSR’ lecture video, it was explained that McKinsey and NeilsenIQ carried out a study which tracked spending behaviour of US consumers. What did the study find?Group of answer choicesThere was no correlation between business claims of social and environmental responsibility and improved sales performance of those businessesConsumers will only spend more on businesses that engage in substantive CSR practicesThere was a correlation between business claims of social and environmental responsibility and improved sales performance of those businessesThere is not enough evidence to determine correlation between sustainability claims of business and spending behaviour of consumersWhile there is greater consumer interest in CSR, consumers are not spending more on businesses which claim social and environmental responsibility

In the ‘Selling CSR’ lecture video, it was explained that McKinsey and NeilsenIQ carried out a study which tracked spending behaviour of US consumers. What did the study find?Group of answer choicesThere was a correlation between business claims of social and environmental responsibility and improved sales performance of those businessesThere is not enough evidence to determine correlation between sustainability claims of business and spending behaviour of consumersWhile there is greater consumer interest in CSR, consumers are not spending more on businesses which claim social and environmental responsibilityThere was no correlation between business claims of social and environmental responsibility and improved sales performance of those businessesConsumers will only spend more on businesses that engage in substantive CSR practices

Question 5What is the process of using facts to guide business strategy?1 pointData visualizationData-driven decision-makingData programmingData ethics