Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
bartleby

Concept explainers

Question
Book Icon
Chapter 4, Problem 2VC
Summary Introduction

Case summary: W Company a new company in the eyewear industry managed to make a big impact in a short amount of time. It has one major competitor which owns almost all of the bestselling eyewear and eye care brands in the world. It is focused on its biggest stakeholders that are customers. The company entered in the market by selling their products at a price that is easily affordable to all. It is involved in corporate social responsibility activities like providing free glasses to the poor people who need it to earn their livelihood.

Characters in the case:

The characters that in the case are W a company, Person B founder of the company and V a charity.

Adequate information:

The W Company is doing well in the market by gaining attention of more and more customers with its selling strategy. It engages in CSR (corporate social responsibility) activities, which encouraged many companies to create an impact in the global market at a local level.

To determine:

The meaning of social audit and the factors considered when a social audit of W Company is done.

Blurred answer
Students have asked these similar questions
Discuss the increased scrutiny is enough, what controls might prevent governmental accounting fraud from happening.
Who, within an organization, is best placed to compile a CSR report? What skills do you think are necessary?
What unethical business practices were involved in the Wells Fargo incident? Give examples and demonstrate detailed ethical reasoning using ethical reasoning and relevant factual information
Knowledge Booster
Background pattern image
Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Text book image
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Text book image
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Text book image
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Text book image
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Text book image
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON