From a corporate social responsibility perspective, a firm's success is primarily related to its ability to ______.
A)incorporate stakeholder concerns into its business model
B)maximize the use of all its internal and external resources
C)minimize its tax liabilities
D)create more energy-efficient manufacturing processes

Question

Quizplus · Accepted Answer

Corporate social responsibility (CSR) requires firms to consider and incorporate stakeholder concerns into their business model. Success in CSR involves meeting the needs of not just shareholders, but also customers, employees, communities, and the environment. Maximizing the use of resources and creating more energy-efficient processes are important elements of CSR, but they are not the primary factors that determine a firm's success in this area. Minimizing tax liabilities, while legal, does not necessarily contribute to a firm's social responsibility.

From a Corporate Social Responsibility Perspective, a Firm's Success Is