Question
Lemonade Inc. is a home insurance company that was founded in 2015. One of the most impactful decisions the company made was donating the unclaimed
Lemonade Inc. is a home insurance company that was founded in 2015. One of the most impactful decisions the company made was donating the unclaimed premiums paid by customers to charities that were chosen by the customers. Which of the following most closely resembles the decision to give away extra premiums?
Lemonade's decision represents corporate social responsibility, where the company is trying to be socially accountable by contributing to community through charitable activities. | ||
Lemonade is using this as a marketing tactic to gain customers. | ||
Lemonade is donating the company's profits at the expense of shareholders by neglecting to pay out dividends. | ||
Lemonade is a partnership between the founders and outside investors who have the ability to buy and sell the ownership in the company through the shares. | ||
Lemonade is using different strategies to effectively compete with competitors. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started