Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The outcomes of why acting in a socially responsible manner is good business, do NOT include the higher the public profile of a company or
The outcomes of why acting in a socially responsible manner is good business, do NOT include
the higher the public profile of a company or brand, the greater the scrutiny of its activities and the higher the potential for it to become a target for pressure group action.
to the extent that a company's socially responsible behavior wins applause from consumers and fortifies its reputation, a company may win additional patronage.
some employees feel better about working for a company committed to improving societya condition that can contribute to lower turnover and better worker productivity.
acting in a socially responsible manner nearly always results in higher profits and a higher stock price for shareholders.
companies with deservedly good reputations for contributing time and money to the betterment of society are better able to attract and retain employees compared to companies with tarnished reputations.
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