Question

One of the benefits of pursuing a strategy of social responsibility and corporate citizenship is o the boost such a strategy gives to the company's EPS and ROE the positive impact that such a strategy has on worker job satisfaction and productivity o an enhanced image rating, provided company spending for socially responsible activities is o higher sales of branded footwear at the company's Web sites (because customers are othe boost such a strategy gives to increasing the company's global sales volume and globa meaningful and is sustained over a multi-year period g is devoted to explainingC all of the socially responsible activities it is undertaking Copying, redistrbuting or website posting is expressly prohibited and consstutes copyright violation Copyright@2018 by Glo-Bus Sotware, Inc. Previous Next O 2018 b Pivacy P

Answer 1

Answer :One of the benefits is enhancement of image rating provided the company spends for meaningful social responsibilities and is sustained over a multi-year period.

Explanation : It is popularly known as CSR (Corporate Social Responsibilty) activities undertaken by the firms in order to create a positive image of their organisation in the mind of consumer,leading to ultimately selection of a particular companies products as compared to some other firm who doesnt undertake such csr activities,it can also be associated with pride of customers that by purchasing a particular product from a csr conducting company they are indirectly contributing something towards the society.

Example: Products sold by P&G are said to have been contributing to education etc some amt on sale of every piece of their product,under such circumstances even if price of certain products are increased then too the customers wudnt mind it since they ultimately feel that the increased amt would contribute at least some thing towards the development of the society.