Businesses giving back to the communities in which they earn profits is called which of the following?

Question

Quizplus · Accepted Answer

Corporate philanthropy encompasses the concept of businesses giving back to the community through various means such as financial contributions, volunteering, and donations. It is about addressing societal needs and bettering the community in which the business operates. Corporate charity, corporate giving, and corporate assistance are closely related concepts but do not fully capture the idea of businesses' overall social responsibility.

Businesses Giving Back to the Communities in Which They Earn