Question

When businesses form voluntary, collaborative partnerships with environmental organizations and regulators to achieve specific objectives this is called:

A. Inter-organizational alliances.

B. Environmental partnerships.

C. Cross-functional teams.

D. Command and control.

Answer 1

Voluntary, collaborative partnerships between businesses and environmental organizations to achieve environmental goals are known as Environmental Partnerships.

Step-by-step explanation:

When businesses form voluntary, collaborative partnerships with environmental organizations and regulators to achieve specific objectives, this is referred to as B. Environmental partnerships. These partnerships can include a variety of market-oriented environmental tools, like pollution charges, marketable permits, and better-defined property rights. These tools offer a flexible approach to reduce pollution and are considered alternatives to the more rigid command-and-control regulation, which sometimes requires firms to make trade-offs between environmental protection and economic output.