Question

Select each concept with its best description by selecting its letter in the dropdowns. A. Considers demands of varied stakeholders. B. Goal is to eliminate waste. C. Develops reporting standards for sustainability D. Production begins with a customer order. E. Activities that add value to a company. 1. Demand-pull system 2. Corporate social responsibility 3. Value chain 4. SASS 5. Lean business model

Answer 1

Demand-pull system - Demand-pull system produces goods only when there is a demand by the customer. This allows company to reduce unnecessary wastages. The products are produced when the customer demands.

Corporate social responsibility - Corporate Social Responsibility (CSR) is a concept wherby a company tries to manage its operations in such a way that it create a positive impact on the society and environment. It considers demands of various stakeholders like consumers, suppliers, creditors, government, employees, community, environment etc.

Value chain - Value chain includes activities of a company that adds value to the company's products. It aims to deliver a valuable product to the consumer.

SASB - SASB stands for Sustainability Accounting Standards Board. This organization develops sustainable accounting and reporting standards. It is a non-profit organisation.

Lean business model - This model aims at continuous improvement in the product, production process and other business activities so that any wastages can be eliminated in the product or production process.

So the answer is

1.	Demand- pull system	Production begins with a customer order.
2.	Corporate social responsibility	Considers demands of varied stakeholders.
3.	Value chain	Activities that add value to a company.
4.	SASB	Develops reporting standards for sustainability
5.	Lean business model	Goal is to eliminate waste