One of the most important steps a firm can take in achieving a competitive position with regard to the eco-efficiency strategy is to
A) Outsource the operations to a developing country
B) Fully capitalize on technological developments
C) Shift from service to manufacturing operations
D) Mandate that all suppliers, distributors and customers reduce their resource consumption

Question

Quizplus · Accepted Answer

Fully capitalizing on technological developments can help a firm optimize its resource consumption, reduce waste, and increase efficiency. This can enable the firm to achieve a competitive advantage by reducing costs and enhancing its image as a socially responsible business. Outsourcing to a developing country may reduce labor costs, but it may not necessarily lead to eco-efficiency or sustainability. Shifting from service to manufacturing operations may increase resource consumption and may not be suitable for all firms. Mandating reductions in resource consumption by suppliers, distributors, and customers may be challenging to implement and enforce.

One of the Most Important Steps a Firm Can Take