Name some of the benefits and costs for a business dependent on their social responsibility

Question

01-02-2022
Business

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Name some of the benefits and costs for a business dependent on their social responsibility

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strikereureka5 strikereureka5 · Answer 1 · 2022-02-01T12:29:30-05:00

Explanation:

Increased employee satisfaction. The way a company treats its community says a lot about how a company treats its employees. ...

Improved public image. ...

Increased customer loyalty. ...

Increased creativityOther reports provide similar estimates, with Fortune Global firms spending around $20 billion a year on CSR activities (Meier and Cassar 2018), and more than 90% of the 250 largest companies in the world now producing an annual CSR report (KPMG 2017).

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