The belief that the costs of social activity are passed on as higher prices to consumers is known as which argument against a firm's being socially responsible?
A)violation of profit maximisation
B)dilution of purpose
C)costs
D)lack of skills
E)lack of accountability

Question

Quizplus · Accepted Answer

The argument that the costs of social activity are passed on as higher prices to consumers is known as the costs argument against a firm's being socially responsible. This argument suggests that social responsibility activities increase a firm's expenses, which in turn leads to higher prices for its products or services.

The Belief That the Costs of Social Activity Are Passed