Being socially responsible
A) does not influence a company's overall reputation.
B) has opened doors in local communities.
C) cannot enhance consumers' perceptions of the firm.
D) has a negative effect on the firm's financial performance.
E) cannot be balanced with profit maximization.

Question

Quizplus · Accepted Answer

Being socially responsible can open doors in local communities by building trust and goodwill. This can help the company establish a positive reputation and enhance consumers' perceptions of the firm. It may also contribute to long-term financial success by attracting socially conscious customers and investors. While there may be costs associated with implementing socially responsible practices, it is possible to balance these with profit maximization. Therefore, options A, C, D, and E are incorrect.

Being Socially Responsible