Formal international philanthropy efforts are now part of global business strategies.

Question

Quizplus · Accepted Answer

This statement is true. Many multinational corporations now incorporate philanthropic efforts into their business strategies as a way to demonstrate their commitment to social responsibility and to enhance their reputation among stakeholders. This trend is part of a broader shift toward corporate social responsibility (CSR) and sustainability within the business community.

Formal International Philanthropy Efforts Are Now Part of Global Business