When undertaking social initiatives,a company:

Question

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Undertaking social initiatives may require investment or allocation of resources that may not generate immediate profits. However, in the long run, these initiatives can enhance the company's reputation and brand value, which can lead to sustainable profits. Therefore, a company may need to sacrifice short-term profits to achieve long-term gains. Social responsibility insurance and the risk of bankruptcy are not necessary or common outcomes of engaging in social initiatives.

When Undertaking Social Initiatives,a Company