The ________ of a firm determines the scope of the social pressure the firm could face.

Question

Quizplus · Accepted Answer

The line of business refers to the industry or sector in which the firm operates. The social pressure a firm could face depends on factors such as the impact of the firm's activities on the environment or society, the level of public scrutiny of the industry, and the expectations of stakeholders regarding the firm's social and environmental performance. Therefore, the line of business determines the potential scope of social pressure the firm could face. The other options, such as brand reputation, stock price, and product switching costs, may also be affected by social pressure but do not determine its scope.

The ________ of a Firm Determines the Scope of the Social