As can be seen in department stores such as Nordstrom’s, for each pair of TOMS shoes that are sold for $55.00, the company promises that a needy child will receive a pair of shoes. By donating shoes to needy children, TOMS is actively engaging in .

Corporate Social Responsibility (CSR)

Explanation:

Corporate Social Responsibility is the kind of the international private business self regulation, which aims or focus to contribute to the goals of the society, which are of activist or charitable nature or to support or engage ethically or volunteering the oriented practices.

So, under this case, the department store states that each pair of TOMS shoes which are sold, the company promises a pair of shoes will be received by needy children. Therefore, the TOMS is engaging or support the Corporate Social Responsibility (CSR).

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.