Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Reasons to develop a Code of Ethics or engage in Corporate Social Responsibility may include which of the following. To ensure efficiency and cost reduction

image text in transcribedimage text in transcribed
Reasons to develop a Code of Ethics or engage in Corporate Social Responsibility may include which of the following. To ensure efficiency and cost reduction Such initiatives can reduce public and government concerns about business practices and operations, which in turn will ease new business investment and growth To keep employees out of jail To minimize income taxes Employee motivation and job satisfaction can be enhanced, which helps keep or attract preferred employees, managers and executives Such actions ensure all departments are fully engaged and not talking behind each other's backs Some sources of capital or loans prefer to do business with companies that exhibit responsible business behaviour Such actions can help prevent the development of detrimental regulations and laws Ethical consumerism To reduce staffing levels to a point of maximum efficiency, and thus enable success over other more cost intensive competitors

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Marketing Management

Authors: Greg Marshall, Mark Johnston

2nd edition

9781259094972, 78028868, 1259094979, 978-0078028861

More Books

Students also viewed these Marketing questions

Question

7. I get bored.

Answered: 1 week ago