Business, 03.03.2020 05:50 simoncastro1

What practices at Theo Chocolate reflect the concept of sustainability? What does vice president Debra Music mean when she says that Theo is a ""triple bottom line"" company? How is this different from any other company? What does the term fair trade mean to the leaders at Theo? What happens if fair trade goals conflict with a company’s primary responsibility to be profitable?

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Answer from: samone26

The triple bottom line according to John Elkington in 1994 is an accounting reporting framework which considers three aspects: social, environmental (or ecological) and financial.

Explanation:

What practices at Theo Chocolate reflect the concept of sustainability?

Sustainability according to the proponents of the triple bottom line reporting is to ''take into consideration social and environmental factors and record the company's performance in addition to financial performance.''

In line with above definition, Theo Chocolate reflect the concept of sustainability as because the company utilizes organic beans in the manufacturing of chocolate. Organic beans are socially sustainable because they are health inclined.

What does vice president Debra Music mean when she says that Theo is a ""triple bottom line"" company?

The triple bottom line according to John Elkington in 1994 is an accounting reporting framework which considers three aspects: social, environmental (or ecological) and financial.

Therefore a Triple Bottom Line company like Theo considers social equity, economic, and environmental factors. The phrase, "people, planet, and profit" summarizes the description and meaning of being a triple bottom line company with the goal of TBL being sustainability

How is this different from any other company?

Usually other companies would only report or be concerned about financial performance which is Profit, without considering People or Planet. Such will ignore and not achieve sustainability.

What does the term fair trade mean to the leaders at Theo?

Fair Trade is a way of buying and selling products that makes certain that the people who produce the goods receive a fair price

What happens if fair trade goals conflict with a company’s primary responsibility to be profitable?

Theo chocolate is a triple bottom line - sustainability minded company that will not compromise ethics for profitability, it would prefer to trade fairly and make a loss than to deal unethically and become profitable

Answer from: Quest

unique selling propisition

Answer from: Quest

Wrigley juicy fruit

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