All else held equal,socially responsible firms:
A) are viewed more favourably by consumers.
B) enjoy significantly higher profits.
C) often experience customer loyalty problems.
D) fail to earn sufficient profits for their owners.

Question

Quizplus · Accepted Answer

Socially responsible firms are often viewed more favorably by consumers as they are seen as conscious about the impact of their actions on society and the environment. This positive reputation can lead to increased customer loyalty and a better brand image, ultimately resulting in higher profits. However, it is not guaranteed that socially responsible firms will always enjoy significantly higher profits.

All Else Held Equal,socially Responsible Firms