Many entrepreneurs feel a duty to give back to the community in return for the local support they enjoy-and they usually benefit from increased _____ as a result.

Question

Quizplus · Accepted Answer

Giving back to the community creates goodwill, which can benefit the entrepreneur's business by increasing customer loyalty and attracting new customers who appreciate the company's philanthropic efforts. It may also lead to positive word-of-mouth marketing, further increasing the business's reputation and visibility within the community. While publicity and respect may also be potential benefits of giving back, they are not as directly tied to the increased support from the local community. Management expertise is not appropriate as it is not related to community support.

Many Entrepreneurs Feel a Duty to Give Back to the Community