Voluntary socially responsible acts by businesses that raise costs are more likely in highly competitive industries.

Name: Voluntary socially responsible acts by businesses that raise costs are more likely in highly competitive industries.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In highly competitive industries, businesses are more focused on reducing costs and increasing efficiency to maintain or improve their competitive position, making them less likely to engage in voluntary socially responsible acts that would raise their costs.

Voluntary Socially Responsible Acts by Businesses That Raise Costs Are