Which of the Following Statements About Social Responsibility Is Correct

question 34

Multiple Choice

Which of the following statements about social responsibility is correct?

• A) Social responsibility dimensions do not include philanthropic concerns.
• B) Social responsibility does not deal with the total effect of all marketing decisions on society.
• C) Social responsibility refers to a company's obligation to maximise its positive impact and minimise its negative impact on society.
• D) Social responsibility dimensions do not include economic concerns.
• E) Social responsibility refers to principles and standards that define acceptable conduct in marketing as determined by various stakeholders.

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Definitions:

Supply Elasticity

The degree to which the supply of a commodity reacts to shifts in its market price.

Adjustment Period

The time frame in which adjustments are made to adapt to new conditions, such as changes in interest rates for adjustable-rate mortgages or the transition period in economic policies.

Demand Increase

A situation where the quantity of a good or service that consumers are willing and able to purchase at a given price rises.

Perfectly Inelastic

A scenario where the quantity demanded or supplied of a good does not change regardless of changes in its price.