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What is the primary focus of Corporate Social Responsibility (CSR)?
- a)Maximizing profits for shareholders.
- b)Integrating social, environmental, and ethical concerns into business processes.
- c)Increasing market share and competitiveness.
- d)Expanding operations and crossing geographical boundaries.
Correct answer is option 'B'. Can you explain this answer?
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What is the primary focus of Corporate Social Responsibility (CSR)?a)M...
Integrating social, environmental, and ethical concerns into business processes:
Corporate Social Responsibility (CSR) focuses on integrating social, environmental, and ethical concerns into business processes. This means that companies are not only concerned with maximizing profits for shareholders, but also with the impact their operations have on society and the environment.
Social concerns:
Companies are increasingly expected to contribute to the well-being of society. This can include initiatives such as supporting local communities, promoting diversity and inclusion in the workplace, and ensuring fair labor practices throughout the supply chain.
Environmental concerns:
With growing awareness of climate change and environmental degradation, businesses are under pressure to minimize their carbon footprint and reduce waste. CSR initiatives can involve implementing sustainable practices, reducing energy consumption, and investing in renewable resources.
Ethical concerns:
Ethical considerations are also a key focus of CSR. This includes ensuring transparency in business operations, maintaining high ethical standards in dealings with stakeholders, and upholding human rights throughout the value chain.
By integrating these social, environmental, and ethical concerns into business processes, companies can not only improve their reputation and build trust with consumers, but also contribute to a more sustainable and equitable society.
Corporate Social Responsibility (CSR) focuses on integrating social, environmental, and ethical concerns into business processes. This means that companies are not only concerned with maximizing profits for shareholders, but also with the impact their operations have on society and the environment.
Social concerns:
Companies are increasingly expected to contribute to the well-being of society. This can include initiatives such as supporting local communities, promoting diversity and inclusion in the workplace, and ensuring fair labor practices throughout the supply chain.
Environmental concerns:
With growing awareness of climate change and environmental degradation, businesses are under pressure to minimize their carbon footprint and reduce waste. CSR initiatives can involve implementing sustainable practices, reducing energy consumption, and investing in renewable resources.
Ethical concerns:
Ethical considerations are also a key focus of CSR. This includes ensuring transparency in business operations, maintaining high ethical standards in dealings with stakeholders, and upholding human rights throughout the value chain.
By integrating these social, environmental, and ethical concerns into business processes, companies can not only improve their reputation and build trust with consumers, but also contribute to a more sustainable and equitable society.
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What is the primary focus of Corporate Social Responsibility (CSR)?a)M...
Corporate Social Responsibility (CSR) goes beyond the legal obligations of a company and involves integrating social, environmental, and ethical concerns into its business processes. It focuses on achieving commercial success while also considering the impact on society, the environment, and various stakeholders.
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What is the primary focus of Corporate Social Responsibility (CSR)?a)Maximizing profits for shareholders.b)Integrating social, environmental, and ethical concerns into business processes.c)Increasing market share and competitiveness.d)Expanding operations and crossing geographical boundaries.Correct answer is option 'B'. Can you explain this answer?
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What is the primary focus of Corporate Social Responsibility (CSR)?a)Maximizing profits for shareholders.b)Integrating social, environmental, and ethical concerns into business processes.c)Increasing market share and competitiveness.d)Expanding operations and crossing geographical boundaries.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the primary focus of Corporate Social Responsibility (CSR)?a)Maximizing profits for shareholders.b)Integrating social, environmental, and ethical concerns into business processes.c)Increasing market share and competitiveness.d)Expanding operations and crossing geographical boundaries.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary focus of Corporate Social Responsibility (CSR)?a)Maximizing profits for shareholders.b)Integrating social, environmental, and ethical concerns into business processes.c)Increasing market share and competitiveness.d)Expanding operations and crossing geographical boundaries.Correct answer is option 'B'. Can you explain this answer?.
What is the primary focus of Corporate Social Responsibility (CSR)?a)Maximizing profits for shareholders.b)Integrating social, environmental, and ethical concerns into business processes.c)Increasing market share and competitiveness.d)Expanding operations and crossing geographical boundaries.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the primary focus of Corporate Social Responsibility (CSR)?a)Maximizing profits for shareholders.b)Integrating social, environmental, and ethical concerns into business processes.c)Increasing market share and competitiveness.d)Expanding operations and crossing geographical boundaries.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary focus of Corporate Social Responsibility (CSR)?a)Maximizing profits for shareholders.b)Integrating social, environmental, and ethical concerns into business processes.c)Increasing market share and competitiveness.d)Expanding operations and crossing geographical boundaries.Correct answer is option 'B'. Can you explain this answer?.
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