Question

Sustainability is a business concept that addresses which of the following dimensions?

a. equity in the distribution of income and profits from business operations.
b. environmental concerns, especially in areas where the natural environment is part of the appeal
c. economic concerns affecting a business's short- and long-term survival and success
d. all of the above

Answer 1

Sustainability in business addresses the environmental, economic, and equity dimensions, focusing on long-term viability, social equality, and environmental stewardhip.

Step-by-step explanation:

Sustainability in business encompasses multiple dimensions that work in tandem to ensure responsible management of resources which include environmental, economic, and equity aspects. This concept has gained importance as the interplay between these dimensions becomes crucial for the long-term viability and ethical footprint of businesses.

Not only does it involve environmental stewardship and minimizing ecological impacts, but it also covers social equity through fair income distribution and economic viability by considering both short-term and long-term business survivability and success.

Sustainable business practices are essential as they aim to address societal developmental goals, protect the natural environment, and reconcile these with economic progress without compromising resources for future generations.