Which of the following is a primary difference between cause-related marketing and strategic philanthropy?
A) Cause-related marketing is short term only while strategic philanthropy is an ongoing approach that lasts for years or even decades.
B) Strategic philanthropy fulfills a firm's primary social responsibilities while cause-related marketing does not.
C) Cause-related marketing is unlikely to have a positive effect on society while strategic philanthropy always benefits society.
D) Strategic philanthropy can take on both a financial and nonfinancial format while cause-related marketing only involves financial contributions.
E) Customers are likely to feel good about themselves when supporting a cause-related marketing campaign but are unlikely to notice strategic philanthropy.
Correct Answer:
Verified
Q19: Discuss the difference between social responsibility, ethics,
Q23: If Starbucks were to donate 5 percent
Q25: The Transportation Division of the GE Corporation
Q65: According to the text, marketing ethics refers
Q66: Marketing ethics
A) refers to laws and regulations
Q67: Instead of addressing the question _, many
Q74: Actions that promote human health and welfare
Q78: The practice of linking a firm's product
Q80: McDonald's supports and funds Ronald McDonald houses
Q163: Provide an overview of important social responsibility
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents