Business experts agree that socially responsible firms are more likely to thrive and survive in the long term.

Question

Quizplus · Accepted Answer

Socially responsible firms prioritize the well-being of their stakeholders, including employees, customers, and the environment. This can lead to increased brand loyalty, employee satisfaction, and reputation, all of which contribute to long-term success in the marketplace. Additionally, consumers and investors are becoming more socially conscious and are more likely to support companies that align with their values.

Business Experts Agree That Socially Responsible Firms Are More Likely