Which of the following is a duty of socially responsible organizations toward customers?
A) Donating a significant amount of money and resources to charitable organizations
B) Using strategies such as planned obsolescence for the firm's growth
C) Delivering consumer value by providing quality products at fair prices
D) Being involved in competitive practices such as collusion and monopoly

Question

Quizplus · Accepted Answer

Socially responsible organizations have a duty to deliver consumer value by providing quality products at fair prices. This ensures that customers receive value for their money and are not exploited by the organization. Donating to charities is a philanthropic activity that is not necessarily a duty, while using strategies such as planned obsolescence or engaging in competitive practices such as collusion and monopoly are unethical and not socially responsible.

Which of the Following Is a Duty of Socially Responsible