12 Questions
What is the purpose of using part of available funds to finance social projects?
To reduce funds available for competitive purposes
What can help a company become more aware of changing consumer tastes and preferences?
Identifying social needs that can be served
What is one benefit of being a socially responsible company mentioned in the text?
Improved employee satisfaction
Which social responsibility strategy involves allowing a condition or problem to go unresolved until it becomes public knowledge?
Reaction Strategy
What may happen even if a company is acting in a socially responsible way?
Imposition of government regulations
How can socially responsible companies benefit from investor preferences?
Increased market price for their stocks
Which strategy involves a company going beyond what is legally and ethically required?
Proactive Strategy
What could be a cost associated with socially responsible actions as mentioned in the text?
Money spent in support of social projects
Why might companies face fewer legislative controls on their business activities if they are socially responsible?
Positive perception by legislative bodies
What is a key component of a social audit as outlined in the text?
Summary report of costs for each program area
How can consumers have better access to information, as mentioned in the text?
From broadcast and print media
Which strategy involves trying to minimize or avoid additional obligations?
Defense Strategy
Explore the benefits and costs companies experience by engaging in socially responsible actions. Learn about improved employee satisfaction, awareness of changing consumer preferences, and more.
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