How Do Organizations Exercise Social Responsibility Toward Customers

question 105

Essay

How do organizations exercise social responsibility toward customers?

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Definitions:

Glocalization

A strategy that involves adapting a product, service, or content to suit local tastes and cultures while maintaining an overarching global appeal.

Centre-Periphery Trade

The exchange of goods and services between central, more economically developed areas and peripheral, less developed areas, influencing economic dynamics.

Global Markets

The international trading landscape where goods, services, currencies, and information are exchanged across national borders.

Globalization

The process of integration and interaction among people, companies, and governments worldwide, leading to the global exchange of products, ideas, and cultural practices.