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Pricing Schools Business

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Benefits and Costs of Social Actions

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Questions and Answers

What is the purpose of using part of available funds to finance social projects?

To reduce funds available for competitive purposes (correct)

To increase competitive power

To attract government regulations

To decrease social responsibility

What can help a company become more aware of changing consumer tastes and preferences?

Identifying social needs that can be served (correct)

Ignoring social needs

Avoiding research

Not considering consumer preferences

What is one benefit of being a socially responsible company mentioned in the text?

Decreased employee satisfaction

Improved employee satisfaction (correct)

Decreased consumer demand

Higher taxes

Which social responsibility strategy involves allowing a condition or problem to go unresolved until it becomes public knowledge?

Reaction Strategy (B) Signup and view all the answers

What may happen even if a company is acting in a socially responsible way?

Imposition of government regulations (C) Signup and view all the answers

How can socially responsible companies benefit from investor preferences?

Increased market price for their stocks (D) Signup and view all the answers

Which strategy involves a company going beyond what is legally and ethically required?

Proactive Strategy (B) Signup and view all the answers

What could be a cost associated with socially responsible actions as mentioned in the text?

Money spent in support of social projects (D) Signup and view all the answers

Why might companies face fewer legislative controls on their business activities if they are socially responsible?

Positive perception by legislative bodies (D) Signup and view all the answers

What is a key component of a social audit as outlined in the text?

Summary report of costs for each program area (A) Signup and view all the answers

How can consumers have better access to information, as mentioned in the text?

From broadcast and print media (A) Signup and view all the answers

Which strategy involves trying to minimize or avoid additional obligations?

Defense Strategy (D) Signup and view all the answers