What is Economic Efficiency and Corporate Social Responsibility?
While the term economic efficiency is a broad term, a sound definition is provided by Investopedia.com. It “implies an economic state in which every resource is optimally allocated to serve each person in the best way while minimizing waste and inefficiency.” Corporate social responsibility generally describes the alignment of corporate actions with a community’s social, economic and environmental expectations. Business entities are accountable to their stake-holders. Accountability is owed to both general consumers and community members where the company is located. Lessons for corporate directors in economic efficiency and corporate responsibility can be gained by examining the book market which has created high levels of efficiencies in servicing thrift markets with remainder goods in books. document.getElementById(‘adsense_placeholder_2’).innerHTML = document.getElementById(‘adsense_ad_2_hidden’).innerHTML; How the Bargain Book Remainder Industry Works: Book Distributors, Book Clos
