Impacts of Corporate Social Responsibility on Business
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Questions and Answers

What is the main purpose of Environmental Scanning?

  • To identify opportunities and threats in the external environment (correct)
  • To track social media trends
  • To analyze internal processes of a business
  • To increase shareholder value
  • How does Corporate Social Responsibility (CSR) benefit a business?

  • By ignoring environmental concerns
  • By enhancing its reputation and attracting customers (correct)
  • By only focusing on profit maximization
  • By reducing the need for long-term planning
  • What is an essential aspect for a business to consider when thinking about its stakeholders?

  • Reducing employee benefits
  • Only focusing on shareholders
  • Prioritizing long-term relationships and mutual benefits (correct)
  • Ignoring stakeholder interests for better profit margins
  • How can a business practice sustainable operations for environmentally stable outcomes?

    <p>Implement eco-friendly policies and reduce carbon footprint</p> Signup and view all the answers

    What are the primary responsibilities of Corporate Social Responsibility (CSR)?

    <p>Creating positive social impact, ethical behavior, and environmental sustainability</p> Signup and view all the answers

    How can a business ensure effective planning according to the text?

    <p>By considering stakeholder interests and long-term sustainability</p> Signup and view all the answers

    What is one of the challenges businesses face when implementing Corporate Social Responsibility (CSR) programs?

    <p>Difficulty in measuring the true benefits of CSR demands</p> Signup and view all the answers

    In the context of sustainable business practices, what is one way to ensure environmentally stable operations?

    <p>Promote responsible use of non-renewable resources</p> Signup and view all the answers

    Which of the following is a socially sustainable aspect that businesses need to address?

    <p>Lack of skills development for employees</p> Signup and view all the answers

    How can businesses influence their suppliers to promote sustainable practices throughout the supply chain?

    <p>Taking precautions to ensure sustainable business practices</p> Signup and view all the answers

    What makes stakeholders challenging for businesses to manage effectively?

    <p>Limited resource availability for stakeholder demands</p> Signup and view all the answers

    How can businesses understand stakeholders' interests better?

    <p>Developing capacity by addressing social issues</p> Signup and view all the answers

    What is the main purpose of conducting a PESTEL analysis in a business?

    <p>To understand the external factors impacting the business environment</p> Signup and view all the answers

    In the context of social considerations, what does CSR stand for?

    <p>Corporate Social Responsibility</p> Signup and view all the answers

    How can a business align with CSR demands without overwhelming itself?

    <p>By implementing policies for commercial sustainability</p> Signup and view all the answers

    What is a key aspect of the King Code in relation to CSR?

    <p>Fostering sustainable practices and engaging with stakeholders</p> Signup and view all the answers

    Which factor is NOT typically considered in the social aspect of a PESTEL analysis?

    <p>Technological advancements</p> Signup and view all the answers

    How do environmental factors influence business operations according to the text?

    <p>They may affect raw material availability and carbon footprint</p> Signup and view all the answers

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