Answered: Which of the following is not a benefit…

Business

Operations Management

Which of the following is not a benefit of social responsibility?

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter5: Ethics, Corporate Responsibility, And Sustainability

Section: Chapter Questions

Problem 5CRQ: Can an individual be ethical without using ethical principles described in the chapter? Explain.

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Concept explainers

Socioeconomic Model Of Social Responsibility

According to social responsibility, the business or the owner of a company should behave in such a way that to achieve the goal of making more profit out of the business, it should not cause any kind of loss or, harm or damage to society. The business should always look after their social responsibility which will not only benefit them but also the consumer living in the society. 

Question

Which of the following is not a benefit of social responsibility?

Select one:

a. Socially responsible companies are good corporate citizens to the community and to the environment.

b. Socially responsible company policies can enhance the image of a company as well as its product brands from the perspective of the consumers.

c. Socially responsible companies may lose focus on the business goals while focusing on goals related to good corporate citizenship.

d. Socially responsible companies are more likely to influence stakeholders to become loyal customers and become advocates of the company's products

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