_______________ describes the voluntary actions taken by a company to address the ethical,social,and environmental impacts of its business operations and the concerns of its stakeholders.
A)Forward integration
B)Corporate social responsibility
C)Investor response
D)Competitive reactions
E)Multi-attribute engagements

Question

Quizplus · Accepted Answer

Corporate social responsibility (CSR) is the concept of a company taking responsibility for its impact on society and the environment, and taking voluntary actions to address these impacts and meet the expectations of its stakeholders. This can include actions such as reducing its carbon footprint, supporting community programs, and ensuring fair labor practices in its supply chain. Forward integration refers to a company acquiring or merging with a supplier or distributor, investor response refers to the reaction of investors to a company's performance, competitive reactions refer to the responses of competitors to a company's actions, and multi-attribute engagements refer to a type of market research.

_______________ Describes the Voluntary Actions Taken by a Company to Address