After being stagnant for a few years, a clothing company started making profits consistently. Following this, the CEO of the company decided to contribute to the growth of the community by starting an apprenticeship program in tailoring. The program involved providing training to a batch of ten uneducated, underprivileged people free of cost every year. In this scenario, the company's gesture exemplifies _____.

Question

Quizplus · Accepted Answer

The clothing company's decision to start an apprenticeship program to train uneducated and underprivileged individuals for free exemplifies social responsibility. The company is recognizing its responsibility towards the community and taking steps to contribute to its growth and development. It is not an example of green marketing, which pertains to marketing products or services as environmentally friendly, or corporate opportunism, which refers to a company exploiting a situation or crisis to its advantage. While the apprenticeship program is a form of corporate philanthropy, it falls under the broader category of social responsibility.

After Being Stagnant for a Few Years, a Clothing Company