In the Context of Corporate Social Responsibility, Which of the Following

question 69

Multiple Choice

In the context of corporate social responsibility, which of the following statements would Milton Friedman agree to?

• A)Organizations can act effectively as moral agents for all company shareholders.
• B)The time, money, and attention diverted to social causes undermine market efficiency.
• C)It is socially responsible for companies to divert their efforts to social causes.
• D)The marketplace will ultimately determine the importance of social causes.
• E)Management's most important responsibility is the firm's long­term survival.

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Definitions:

One Product

The term "one product" refers to a business strategy focusing on the development, marketing, and sale of a single product.

Market Segmentation

The process of dividing a market of potential customers into groups, or segments, based on different characteristics.

Marketing Program

A comprehensive plan that integrates various marketing strategies and tactics to achieve specific business objectives.

Targets

Targets refer to the specific objectives or goals an organization, project, or individual aims to achieve within a specified timeframe.