There is no trade-off between social responsibility and economic performance.

Question

Quizplus · Accepted Answer

Several studies and examples have shown that companies that practice social responsibility actually perform better economically in the long run. Engaging in activities such as charity work, sustainability efforts, and ethical business practices can attract customers, build loyalty, and enhance brand reputation, ultimately leading to increased profitability. It is important for businesses to balance economic success with social responsibility to achieve sustainable growth and positive impact on society.

There Is No Trade-Off Between Social Responsibility and Economic Performance